SandboxAQ brings large quantitative models to Google Cloud
Quantum startup SandboxAQ expands its reach with Google Cloud, making its models available on a third-party platform for the first time.
SandboxAQ, a quantum technology startup spun off from Alphabet in 2022, has announced its large quantitative models (LQMs) will be available on Google Cloud. These models, which handle vast numerical datasets and perform complex calculations, are designed for applications such as financial modelling, trading automation, and statistical analysis. The partnership will enable enterprises to develop and deploy LQMs more efficiently, broadening SandboxAQ‘s customer base.
CEO Jack Hidary emphasised the significance of quantitative AI, highlighting its role in industries like life sciences, financial services, and navigation. The company, headquartered in Palo Alto, recently secured $300 million in funding, raising its valuation to $5.6 billion. This is the first time SandboxAQ’s models will be accessible on a third-party platform, marking a significant milestone in its growth.
Google’s growing focus on quantum computing complements its collaboration with SandboxAQ. The tech giant announced progress in quantum chip development last December, aiming to address key challenges in the field. Rivals like Microsoft and Nvidia have also been advancing quantum computing initiatives, signalling intensified competition in the emerging technology.
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