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SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers

Alphabet spinout SandboxAQ is advancing large quantitative models to help enterprise AI optimize value creation.

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Beyond LLMs: How SandboxAQ’s large quantitative models could optimize enterprise AI

SandboxAQ raised more than $300 million to apply quantum technology to artificial intelligence. The funding round puts the company’s valuation at over $5.6 billion, Bloomberg reported Wednesday (Dec. 18). Tech-focused venture capital companies have made AI a priority, and SandboxAQ tries to stand out by adopting methods that differ from the approaches used by companies such as OpenAI, according to the report. The company runs quantum physics alg…

PYMNTS.com

Quantum-Focused AI Firm SandboxAQ Surpasses $5 Billion Valuation Goal

SandboxAQ, a company that develops artificial intelligence and quantum sensing technology, announced today that it has raised more than $300 million in new funding at a valuation of more than $5.6 billion to accelerate the development of specialized AI models. Investors participating in the round included former Google Chief Executive Eric Schmidt, Salesforce Inc. founder […] The post SandboxAQ raises $300M at $5.6B valuation to develop AI and q…

SiliconANGLE

SandboxAQ raises $300M at $5.6B valuation to develop AI and quantum technology - SiliconANGLE

SandboxAQ has raised over $300 million in funding from prominent investors including Fred Alger Management, T. Rowe Price Associates, Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investments, In-Q-Tel (IQT), and individual contributors like Eric Schmidt, Marc Benioff, David Siegel, and Yann LeCun. The round values SandboxAQ at $5.3 [...] The post SandboxAQ Secures $300 Million in Fu…

Quantum Computing Report

SandboxAQ Secures $300 Million in Funding to Expand Quantum and AI Applications

technewstube.com

SandboxAQ, the Alphabet-spinoff focused on cutting-edge AI, has secured over $300 million in its latest funding round, catapulting its valuation to an impressive $5.3 billion, according to Reuters. This surge in value underscores the company’s ambition to accelerate the development of advanced artificial intelligence systems, particularly its Large Quantitative Models (LQMs).  The new funds will be instrumental in driving breakthroughs across va…

Invezz

Alphabet spinoff SandboxAQ secures $300M in latest funding

Source: Venture Beat    Alphabet spinout SandboxAQ is advancing large quantitative models to help enterprise AI optimize value creation.    Read Full Article

TheSpuzz

PALO ALTO, CA, SandboxAQ announced a round of more than $300 million.			 SandboxAQ announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investments, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 …

fundingblogger.com

SandboxAQ Announces $300 Million Funding

SandboxAQ, a Palo Alto, CA-based company delivering solutions at the intersection of AI and quantum techniques, raised more that $300M in funding. The round, which valued the company at $5.3 billion on a pre-money basis, was led by Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative […] The post SandboxAQ Raises More Than $300M in Funding appeared fir…

SandboxAQ, which aims to apply quantum tech and techniques to AI, raised $300M from Alger, Yann LeCun, and others at a $5.6B valuation to recruit more engineers

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