NVIDIA and Alphabet have increased their investment in quantum technology through $150 million into SandboxAQ, bringing its Series E total to $450 million. This investment raises SandboxAQ's value to $5.75 billion and contributes to its total funding of $950 million backed by major investors. The startup aims to commercialize quantum AI, providing models that process large datasets for applications in various sectors, including drug discovery. Both companies are pursuing quantum initiatives, with NVIDIA emphasizing 'physical AI' and Google recently launching new quantum processors.
"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."
"It is faster than almost everyone in the industry expected."
"This is not Google's first quantum-focused move. In late 2024, the company introduced a new class of quantum processors, overcoming a longstanding technical hurdle."
"NVIDIA's focus centers on what it calls 'physical AI' - integrating data with real-world systems."
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