🚀 SandboxAQ Shoots for $5B Valuation: Eric Schmidt's AI & Quantum Moonshot Aims Big! 💡🔮

Welcome to AI Box, your weekly source for the latest developments in AI technology and applications.

Today's AI News lineup: 🥊

•  🚀 SandboxAQ Shoots for $5B Valuation: Eric Schmidt's AI & Quantum Moonshot Aims Big! 💡🔮

•  💼📈 Microsoft Eyes Major Stake in Restructured OpenAI as For-Profit Entity

•  🏠🔍 Plumerai, Backed by Tony Fadell, Delivers On-Device AI to Home Security Cameras 🚀

 🚀 SandboxAQ Shoots for $5B Valuation: Eric Schmidt's AI & Quantum Moonshot Aims Big! 💡🔮

SandboxAQ, a quantum AI startup spun out from Alphabet, is seeking new funding to reach a $5 billion valuation. Led by Jack Hidary and chaired by Eric Schmidt, it focuses on large quantitative models (LQMs) to solve complex problems in life sciences, materials science, and cybersecurity. Notable projects include collaborations on battery tech, GPS-free navigation for the U.S. Air Force, and heart imaging devices.

 💼📈 Microsoft Eyes Major Stake in Restructured OpenAI as For-Profit Entity

Microsoft is negotiating its equity stake in OpenAI as the AI company transitions to a for-profit public-benefit corporation, with a two-year deadline to finalize the deal. Having invested nearly $14 billion, Microsoft aims for a substantial stake, while OpenAI must determine equity distribution for CEO Sam Altman and employees, along with Microsoft's governance rights. OpenAI, currently the second-most valuable U.S. startup after SpaceX, faces crucial decisions amid the anticipated return of its president, Greg Brockman, in November.

 🏠🔍 Plumerai, Backed by Tony Fadell, Delivers On-Device AI to Home Security Cameras 🚀

Plumerai, a London-based startup backed by Tony Fadell, specializes in on-device AI that performs tasks like people detection without sending data to remote servers, enhancing privacy. Fadell, co-creator of the iPod, emphasizes that smaller AI models, like Plumerai’s “tiny AI,” are more efficient and cost-effective, making them ideal for smart home cameras. Plumerai's technology has been adopted by the Chamberlain Group, with plans to integrate it into outdoor cameras for brands like myQ and LiftMaster.

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