Inc (NYSE:CRM), Google Inc. (NASDAQ:GOOG) – Aspiring Quantum Computing Firm Sandbox AQ Spun Off From Alphabet

  • Quantum computing aspiring firm Sandbox AQ spun off from Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), procured “nine figures” of funding, and signed several clients for its cybersecurity services, Reuters reports.
  • Sandbox’s investors include Schmidt, Breyer Capital, T. Rowe Price funds, and Inc (NYSE: CRM) founder Marc Benioff’s TIME Ventures. 
  • Sandbox would use cloud computing from Google Cloud and others.
  • Sandbox AQ, backed by Google CEO Eric Schmidt as its Chair, is a leading startup pursuing software that would operate partially on quantum computers.
  • Sandbox also neared deals to sell quantum simulation software to accelerate the development of drugs and materials potentially, 
  • Sandbox could commercialize projects over the next three years, including using AI to analyze data from quantum-based sensors to improve medical imaging and enable navigation by tracking magnetic fields.
  • Price Action: GOOG shares traded higher by 2.69% at $2,802.73 on the last check Tuesday.

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