AI startup SandboxAQ adds Nvidia, Google as backers, raises additional $150 million
The investment has increased SandboxAQ's Series E round to $450 million, valuing the startup at $5.75 billion. With this, SandboxAQ's total funding has reached $950 million, with T. Rowe Price Associates and Breyer Capital among backers.
Participation of Google and Nvidia signals growing interest from technology giants to gain exposure in quantitative model development and place early bets on potential real-world applications.
"We've proven ourselves from the first round in terms of delivering on our promises to a number of customers, and I think strategic investors were attracted to those breakthroughs," SandboxAQ CEO Jack Hidary told Reuters.
SandboxAQ, a spin-off from Google-parent Alphabet (GOOGL.O), opens new tab in 2022, has designed Large Quantitative Models (LQMs) to handle extensive numerical datasets, perform complex calculations and conduct statistical analysis. Its models, available through first-party and third-party platforms such as Google Cloud, can potentially be used to assist drug discovery and develop sophisticated financial models.
The company is based in Palo Alto and employs about 200 people. It plans to use the new funds to accelerate research and development and expand partnerships with enterprises in areas including biopharmaceuticals, chemicals and energy, Hidary said.
Google and Nvidia have been increasing investment in-house and externally in quantum computing, which leverages the principles of quantum mechanics to perform computations beyond the capabilities of traditional computers. Nvidia, known for its chips that powered the generative AI boom, has recently placed emphasis on "physical AI."
Nvidia CEO Jensen Huang dialed back skepticism regarding the timeline for practical quantum computing systems. At the chipmaker's "GTC Conference" last month, Huang said advancement in the field is progressing faster than anticipated as Nvidia set up its quantum research lab.
Google's work in quantum computing drew attention in December when the firm announced a new generation of quantum chips, overcoming a major challenge in the field. In February, it participated in a $230 million funding round for QuEra Computing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
20 minutes ago
- BBC News
Should Europe wean itself off US tech?
Imagine if US President Donald Trump could flip a switch and turn off Europe's may sound far-fetched, crazy even. But it's a scenario that has been seriously discussed in tech industry and policy circles in recent months, as tensions with Washington have escalated, and concerns about the EU's reliance on American technology have come to the the root of these concerns is the fact just three US giants - Google, Microsoft and Amazon - provide 70% of Europe's cloud-computing infrastructure, the scaffolding on which many online services some question whether an unpredictable US leader would weaponize the situation if relations seriously deteriorated - for example, by ordering those companies to turn off their services in Europe."Critical data would become inaccessible, websites would go dark, and essential state services like hospital IT systems would be thrown into chaos," says Robin Berjon, a digital governance specialist who advises EU believes that concerns over a so called US "kill switch" should be taken seriously. "It's hard to say how much trouble we would be in." Microsoft, Google and Amazon all say they offer "sovereign" cloud computing solutions that safeguard EU clients' data, and would prevent such a scenario ever occurring. The BBC has contacted the US Treasury department for truth, there have always been concerns about the lack of "digital sovereignty" in Europe, where US firms not only dominate the cloud-computing market, but also hardware, satellite internet and now artificial the region's main mobile operating systems - Apple and Android - and payment networks - Mastercard and Visa - are fears became urgent in May when it emerged that Karim Khan, the top prosecutor at the Netherlands-based International Criminal Court (ICC), had lost access to his Microsoft Outlook email account after being sanctioned by the White ICC has issued arrest warrants for top Israeli officials, including Prime Minister Benjamin Netanyahu, over their roles in the Israel-Gaza war - something Mr Trump called "illegitimate".Khan has since temporarily stepped aside until a sexual misconduct probe against him is says that "at no point" did it cease or suspend its services to the ICC, although it was in touch with the ICC "throughout the process that resulted in the disconnection". Since then digital sovereignty has shot up the agenda in Brussels, while some public bodies are already seeking alternatives to US is it realistic to think they could wean themselves off US technology?Digital sovereignty is loosely defined as the ability of a governing body to control the data and technology systems within its problem faced by those pursuing it is the lack of comparable does have its own providers, such as France's OVHCloud, or Germany's Germany's T-Systems or Delos, in cloud they account for a fraction of the market, and don't have the same scale or range of capabilities, says Dario Maisto, a senior analyst covering digital sovereignty at global business consultancy open-source alternatives are available for common software packages like Office and Windows, but while proponents say they are more transparent and accessible, none is as comprehensive or well known. But while moving to sovereign alternatives wouldn't "happen overnight", it's a "myth" to think it's not possible, says Mr notes that the German state of Schleswig-Holstein is currently in the process of phasing out Microsoft products like Office 365 and Windows in favour of open-source solutions such as LibreOffice and Linux. Denmark's Ministry for Digitalisation is piloting a similar scheme."We sometimes overvalue the role of proprietary software in our organisations," Mr Maisto says, pointing out that for key services like word processing and email, open-source solutions work just fine."The main reasons organisations don't use open source are a lack of awareness and misplaced fears about cyber security," he adds."Our prediction is in the next five to 10 years, there will be an accelerated shift [to these solutions] because of this wake-up call." Benjamin Revcolevschi, boss of OVHCloud, tells the BBC that firms like his are ready to answer the sovereignty needs of public and private organisations in Europe."Only European cloud providers, whose headquarters are in the EU and with European governance, are able to offer immunity to non-European laws, to protect sensitive and personal data," he Microsoft, Amazon and Google say they already offer solutions that address concerns about digital sovereignty, solutions which store data on severs in the clients' country or region, not in the tells the BBC that it also partners with trusted local EU suppliers like T-Systems, granting them control over the encryption of client data, and giving customers "a technical veto over their data". The German Army is one of its Microsoft president Brad Smith has promised the firm would take legal action in the "exceedingly unlikely" event the US government ordered it to suspend services, and that it would include a clause in European contracts to that effect."We will continue to look for new ways to ensure the European Commission and our European customers have the options and assurances they need to operate with confidence," a Microsoft spokesman told the BBC. Zach Meyers, from the Brussels-based Centre on Regulation in Europe (CERRE) think tank, says it might make sense for Europe to develop its own limited sovereign cloud to protect critical government he adds that it's unrealistic to try to "get Americans out of the supply chain, or to ensure that there's Europeans in the supply chain at each point".He points to Gaia X - a scheme launched in 2020 to create a European-based alternative to large, centralised cloud platforms, which has faced significant criticism and delays."A lot of these [tech] markets are winner takes all, so once you're the first mover it's really hard for anyone else to catch up."Instead, Mr Meyers thinks Europe should focus on areas of technology where it might gain an edge."It could be the industrial use of AI, because Europe already has a much bigger, stronger industrial base than the US has," he says. "Or the next generation of chipmaking equipment, because one of the few areas where Europe has foothold is in photolithography - the machines that make the really top-end chips." So where does the digital sovereignty agenda go from here?Some believe nothing will change unless Europe brings in new regulations that force regional organisations and governments to buy local technology. But according to Mr Berjon, the EU has been dragging its feet."There is definitely political interest, but it's a question of turning it into a shared strategy."Matthias Bauer, director at the European Centre for International Political Economy, thinks the goal should be building up Europe's technology sector so it can compete with the US and a report on EU competitiveness in 2024, Mario Draghi, former head of the European Central Bank, noted Europe is "severely lagging behind" in new technologies, and that "only four of the world's top 50 tech companies are European"."It's currently much harder for a tech company based in the EU to scale across the bloc than it would be for the same company in the US," Mr Bauer says."You not only face different languages, but different contract law, labour market laws, tax laws, and also different sector-specific regulation."As for the theory that President Trump might flip a "kill switch" and turn off Europe's internet, he's highly sceptical."It would be a realistic scenario if we were close to a war, but I don't see that on the horizon."Yet Mr Maisto says organisations must take the risk seriously, however remote."Two years ago, we didn't think we would be talking about these topics in these terms in 2025. Now organisations want to get ready for what might happen."
Geeky Gadgets
8 hours ago
- Geeky Gadgets
Google Pixel 10 Pro XL Price Leaks: How Much Will it Cost?
Google is expected to officially announce that the Pixel 10 series, including its flagship model, the Pixel 10 Pro XL, will retain the same pricing structure as the previous Pixel 9 lineup. This decision is particularly noteworthy in a smartphone market where flagship prices have been steadily increasing. By maintaining stable pricing, Google positions itself as a competitive force, offering premium features without imposing higher costs on consumers. This approach reflects a deliberate strategy to balance innovation with affordability, making sure that innovative technology remains accessible to a broader audience. Watch this video on YouTube. Pixel 10 Series: Pricing That Defies Market Trends The Pixel 10 series consists of four models: Pixel 10, Pixel 10 Pro, Pixel 10 Pro XL, and Pixel 10 Pro Fold. Unlike many competitors who have raised prices in response to rising production costs and inflation, Google has chosen to keep its pricing consistent with last year's lineup. This decision underscores Google's commitment to providing value without compromising on quality or features. In the US, the Pixel 10 starts at $799 for the 128GB variant, while the Pixel 10 Pro XL begins at $1,199 for the 256GB model. This pricing strategy ensures that you can access premium features and advanced technology without the financial burden often associated with flagship devices. By resisting the industry trend of price hikes, Google appeals to both loyal customers and new buyers seeking high-quality smartphones at reasonable prices. Global Pricing and Regional Adjustments Google's pricing strategy reflects a careful balance between global consistency and regional market dynamics. While the company maintains a uniform pricing structure across major markets, it also accounts for local economic factors such as currency fluctuations and purchasing power. This approach ensures that the Pixel 10 series remains competitively priced worldwide. In the US, the Pixel 10 Pro Fold, the most premium model in the lineup, is priced at $1,799 for the 256GB variant. for the 256GB variant. European markets follow a similar pricing alignment, making sure that the Pixel 10 series remains accessible and competitive across regions. This transparent pricing strategy not only enhances accessibility but also reinforces Google's reputation as a customer-focused brand. By addressing regional market needs without compromising on quality or features, Google strengthens its global presence in the premium smartphone segment. Storage Options Designed for Every User The Pixel 10 series offers a variety of storage configurations to meet the diverse needs of its users. This tiered approach ensures that you can select a model that aligns with your specific requirements, whether you prioritize affordability or need additional storage for professional tasks and media. The Pixel 10 and Pixel 10 Pro start at 128GB , making them ideal for users with moderate storage needs, such as casual app usage and photo storage. , making them ideal for users with moderate storage needs, such as casual app usage and photo storage. The Pixel 10 Pro XL and Pixel 10 Pro Fold begin at 256GB, catering to users who require more space for apps, high-resolution media, and professional workflows. By offering multiple storage options, Google provides flexibility without forcing users to compromise on essential features. This thoughtful approach ensures that the Pixel 10 series appeals to a wide range of consumers, from casual users to tech enthusiasts and professionals. Challenging Market Trends with Strategic Pricing Google's decision to maintain stable pricing for the Pixel 10 series stands in stark contrast to the broader industry trend of rising flagship smartphone costs. Many manufacturers justify price increases by citing advanced features, higher production expenses, and inflation. However, Google has taken a different path, prioritizing affordability while continuing to deliver innovative features and premium build quality. This strategy not only strengthens Google's position in the competitive premium smartphone market but also resonates with price-conscious consumers who seek value without sacrificing performance. By offering flagship-level features at consistent prices, Google challenges the notion that innovative technology must come with a hefty price tag. This approach positions the Pixel 10 series as a compelling choice for those who demand both quality and value. A Balanced Approach to Premium Smartphones The Pixel 10 series, led by the Pixel 10 Pro XL, exemplifies Google's commitment to delivering a balanced combination of affordability, innovation, and market competitiveness. By retaining last year's pricing structure, Google sets a new benchmark for value in the flagship smartphone segment. Whether you are in the US, India, or Europe, the Pixel 10 lineup offers consistent pricing and advanced features, making it a strong contender in today's premium smartphone market. With its transparent pricing strategy, diverse storage options, and focus on accessibility, the Pixel 10 series redefines what consumers can expect from a flagship smartphone. Google's approach not only challenges industry norms but also ensures that premium technology remains within reach for a wide audience, solidifying its position as a leader in the evolving smartphone landscape. Browse through more resources below from our in-depth content covering more areas on the Google Pixel 10 Pro XL. Google Pixel 10 Pro XL Leak: Specs, Features, and Release Date Google Pixel 10 Pro XL: Specs, Features, and Release Details Google Pixel 10 Pro XL Launch Date, Features, and More Google Pixel 10 Pro XL: Specs, Features, and More Google Pixel 10 Pro XL Features, Specs, and Pricing Leaked Source & Image Credit: Demon's Tech Filed Under: Android News, Mobile Phone News, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Geeky Gadgets
12 hours ago
- Geeky Gadgets
Google Pixel 10 Pro XL: The 10 Most Important Changes
The Google Pixel 10 Pro XL introduces a range of advancements designed to elevate the flagship smartphone experience. With notable improvements in AI capabilities, camera technology, and hardware performance, this device aims to cater to both tech enthusiasts and everyday users. Below, we explore the ten most impactful upgrades that set this model apart from its predecessors. The video below from TechTalkTV gives us more details on the new Google Pixel 10 XL before its official launch next week. Watch this video on YouTube. 1. Advanced Camera Innovations The Pixel 10 Pro XL redefines smartphone photography with its upgraded camera system. The ProRes zoom now supports up to 100x magnification, a significant leap from the 30x limit of the Pixel 9 Pro. This enhancement allows you to capture distant subjects with remarkable clarity, making it a standout feature for photography enthusiasts. Additionally, the new 'Camera Coach' AI tool provides real-time guidance to help you take better photos, whether you're capturing landscapes, portraits, or action shots. The introduction of the 'teley macro' mode, which combines telephoto and macro capabilities, adds versatility for close-up photography. These innovations position the Pixel 10 Pro XL as a top choice for users seeking professional-grade photography in a smartphone. 2. Magnetic Wireless Charging Wireless charging becomes more efficient and user-friendly with the Pixel 10 Pro XL's built-in magnets. This feature ensures a secure connection between the phone and the charging pad, eliminating alignment issues and the need for specialized cases. Supporting 26 W wireless charging, the device offers faster and more reliable power delivery compared to its predecessor. This improvement enhances convenience, particularly for users who rely on wireless charging in their daily routines. 3. Smarter AI Assistant: Magic Q Google introduces 'Magic Q,' an AI-powered assistant designed to simplify your daily tasks. By analyzing your habits and context, Magic Q can suggest apps, adjust settings, and remind you of important events. This feature automates routine activities, saving you time and effort. Pixel Pro users also benefit from a one-year subscription to Google AI Pro, which includes access to Gemini Pro and 2 TB of cloud storage. These additions enhance the overall user experience, making the Pixel 10 Pro XL a valuable tool for productivity and organization. 4. Dual eSIM Technology The Pixel 10 Pro XL embraces dual eSIM technology, allowing you to manage two phone numbers without the need for physical SIM cards. While a SIM tray may still be available in certain regions, this shift reflects the growing adoption of eSIM technology across the industry. For frequent travelers or users managing multiple lines, this feature offers greater convenience and flexibility, eliminating the hassle of swapping SIM cards. 5. Increased Battery Capacity With a 5200 mAh battery, the Pixel 10 Pro XL features the largest battery ever featured in a Pixel device. Despite the increased capacity, Google maintains its claim of 24+ hours of battery life, making sure reliable performance throughout the day. While actual battery life will vary based on usage patterns and software optimization, this upgrade provides added peace of mind for users who rely heavily on their devices. 6. Tensor G5 Chipset At the heart of the Pixel 10 Pro XL is the Tensor G5 chipset, engineered to enhance AI-driven tasks and overall performance. While it may not rival competitors like Qualcomm in raw processing power, the Tensor G5 excels in machine learning and everyday functionality. This ensures a smooth and responsive user experience, particularly for features that use AI, such as Magic Q and Camera Coach. 7. Enhanced Display Technology The Pixel 10 Pro XL features a display with a 480 Hz PWM (Pulse Width Modulation) refresh rate, doubling the standard of its predecessor. This improvement reduces eye strain during prolonged use and delivers smoother visuals, meeting the expectations of premium smartphone users. The result is a more comfortable and immersive viewing experience, whether you're streaming videos, gaming, or browsing. 8. Expanded Storage Options Google has expanded the storage configurations for the Pixel 10 Pro XL, offering options ranging from 256 GB to 1 TB. The removal of the 128 GB tier reflects a focus on meeting the needs of users who require more space for apps, photos, and videos. Whether you're a casual user or a content creator, these options provide greater flexibility and ensure that you have ample storage for your digital content. 9. Faster Charging Speeds The Pixel 10 Pro XL supports 39 W wired charging, a modest improvement over its predecessor. While not a new change, this upgrade reduces charging time, making sure that your device is ready when you need it. Combined with the enhanced wireless charging capabilities, the Pixel 10 Pro XL delivers a more efficient and convenient power management experience. 10. Pricing and Availability The removal of the 128 GB storage option results in a higher starting price for the Pixel 10 Pro XL. While this may deter budget-conscious buyers, the expanded features and improved specifications justify the increase for those seeking a premium smartphone experience. Pricing varies by region, but the Pixel 10 Pro XL is positioned as a flagship offering in Google's lineup, appealing to users who prioritize innovative technology and performance. Final Thoughts The Google Pixel 10 Pro XL combines meaningful upgrades with incremental improvements to deliver a well-rounded flagship smartphone. From the advanced ProRes zoom and Magic Q assistant to the larger battery and enhanced display, this device caters to a wide range of users. Whether you're a photography enthusiast, a tech-savvy individual, or someone seeking a reliable and feature-rich smartphone, the Pixel 10 Pro XL offers a compelling package. Its success ultimately depends on how well these features integrate into your daily life, but it undoubtedly sets a new standard for Google's Pixel lineup. Here are more guides from our previous articles and guides related to Google Pixel 10 Pro XL that you may find helpful. Source & Image Credit: TechTalkTV Filed Under: Android News, Technology News, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
