- SandboxAQ seeks $5 billion valuation.
- Company develops quantum physics-based software
- Focus on quantitative models differentiates from chatbots
Schmidt’s Startup Reaches for the Stars
Eric Schmidt’s quantum AI venture, SandboxAQ, is reportedly aiming for a $5 billion valuation in its next funding round.
This comes on the heels of a massive $500 million raise in early 2023, highlighting the voracious appetite for AI investments among venture capitalists.
Quantum Leap or Quantum Hype?
SandboxAQ, an Alphabet spinout, isn’t building quantum computers. Instead, it’s developing quantum physics-based software for molecular modeling and prediction.
The company boasts an impressive roster of developmental contracts, including partnerships for battery life extension, GPS-free navigation systems, and innovative medical imaging devices.
More Than Just Another AI Chatbot
Unlike generative AI chatbots, SandboxAQ focuses on “large quantitative models” (LQMs) that use equations to generate data.
This approach, according to CEO Jack Hidary, offers superior efficiency and accuracy compared to language models. The startup’s ambitious projects span life sciences, materials science, navigation, encryption, and cybersecurity.
