SandboxAQ Partners with Google Cloud to Offer Large Quantitative Models
SandboxAQ, a quantum startup, has announced that its Large Quantitative Models (LQMs) will be integrated with Google Cloud. This partnership aims to leverage AI technologies to drive business growth.
LQMs are designed to process large numerical datasets, conduct intricate calculations, and perform statistical analysis. These models are valuable for developing advanced financial models and automating trading strategies.
By collaborating with Google Cloud, enterprises will gain simplified access to LQM development and deployment capabilities. This will allow SandboxAQ, a company founded by Google parent Alphabet, to expand its platform's reach to a broader audience.
"Over 80% of the economy is governed by mathematics and quantitative relationships," said Jack Hidary, CEO of SandboxAQ. "Quantitative AI excels in this domain, complementing language models effectively."
This marks the first time SandboxAQ's models will be hosted on a third-party platform. The company recently secured $300 million in funding, valuing it at $5.6 billion. Investors include Fred Alger Management, T. Rowe Price, and Breyer Capital.
SandboxAQ's models have applications in fields such as life sciences, financial services, and navigation. Google has been actively investing in quantum computing and announced progress in developing new quantum chips, addressing a significant hurdle in the industry.
Other major players in the quantum space, such as Microsoft and Nvidia, have also expressed optimism about the technology's potential. However, Nvidia's CEO, Jensen Huang, believes its practical implementation may take several decades.