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Eric Schmidt’s SandboxAQ aims for $5B valuation for its AI/quantum Google moonshot

SandboxAQ began as Alphabet’s moonshot AI and quantum computing and now has an impressive roster of projects.

VCs are spending gobs of money on AI startups – especially those run by big names in tech – so SandboxAQ is putting its hand out again, even though it raised a whopping $500 million in early 2023. Its last $500 million round, completed in February, 2023, had backers like Breyer Capital, T. Rowe Price funds, and Marc Benioff, Reuters reported at the time. SandboxAQ began as Alphabet’s moonshot AI quantum computing unit led by Jack Hidary, also known as a longtime X Prize board member.

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