AI Applied: Covering AI News, Interviews and Tools - ChatGPT, Midjourney, Gemini, OpenAI, Anthropic cover image

AI Applied: Covering AI News, Interviews and Tools - ChatGPT, Midjourney, Gemini, OpenAI, Anthropic

The Moonshot Vision of Sandbox AQ

Oct 28, 2024
Discover the ambitious journey of Sandbox AQ, a company led by former Google CEO Eric Schmidt, as it ventures into AI and quantum computing. The discussion reveals its impressive $5 billion valuation and unique applications in cybersecurity and medical technology. Investors are increasingly drawn to the startup's innovative projects, especially in the defense and healthcare sectors. The rise of Special Purpose Vehicles in venture capital also plays a key role in supporting these groundbreaking initiatives.
11:24

Podcast summary created with Snipd AI

Quick takeaways

  • Sandbox AQ, under Eric Schmidt, aims to revolutionize multiple industries through innovative AI and quantum computing projects, enhancing battery life and healthcare technology.
  • The increasing interest in Sandbox AQ from venture capitalists highlights a rising trend of special purpose vehicles (SPVs) facilitating investments in promising tech startups.

Deep dives

Eric Schmidt and Sandbox AQ's Ambitious Valuation

Eric Schmidt, former CEO of Google, is now the chairman of Sandbox AQ, a Q&A company that recently aimed for a $5 billion valuation. This company is notable as it was spun out from Google and focuses on innovative technologies, particularly in the fields of AI and quantum computing. They previously raised $500 million in 2022 at a $4 billion valuation, reflecting a significant increase in worth over a short period, showcasing the robust interest in AI-driven ventures. The rise in valuation highlights not only Sandbox AQ's potential but also the broader trend of increasing investments in tech start-ups by notable industry veterans who are returning to the field.

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