SandboxAQ, a spinout from Google's parent company Alphabet, is seeking to raise another funding round that would value it at $5 billion. This comes after raising $500 million in early 2023, with backers including Breyer Capital, T. Rowe Price funds, and Marc Benioff. Led by CEO Jack Hidary, a longtime X Prize board member, SandboxAQ is working at the intersection of quantum computing and AI to model molecules and predict their behavior. The startup has partnerships with various companies, including Novonix for extending lithium-ion battery life, and the U.S. Air Force for developing magnetic navigation systems that don't rely on GPS. Billionaire Eric Schmidt, former Google CEO, serves as the startup's chairman. Unlike generative AI chatbots, SandboxAQ uses large modeling AI techniques on equations to generate data, with applications in life science, materials science, navigation, encryption, and cybersecurity.
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