Google’s quantum-focused sandbox division is being spun off

Alphabet, Google’s parent company, revealed that its Sandbox division, which focuses on quantum computing technologies, is in the process of splitting off into an independent company called SandboxAQ.

According to the now independent company, “AQ stands for AI [intelligence artificielle, NLDR] and Quantum, two key tools used by Sandbox to address pressing global challenges.”

Sandbox was founded at Google in 2016 at the company’s headquarters in Palo Alto. It focused on developing quantum technology solutions for use in practical applications.

Solutions in telcos, finance and health

Now that it is spun off, the company plans to develop solutions specifically for “telecom, financial services, healthcare, government, IT security and other compute-intensive industries. Development will initially be handled by the same team of 55 engineers, scientists and technologists who worked at the division under Alphabet ownership. SandboxAQ specifies that the expertise of its staff covers “physics, chemistry, AI, neuroscience, cryptography, mathematics and other disciplines”.

Alphabet Chairman and CEO Sundar Pichai, along with Eric Schmidt, Breyer Capital, T. Rowe Price, TIME Ventures and others are on the long list of initial investors funding the spin-off. Eric Schmidt will also chair the company’s board alongside Jim Breyer of Breyer Capital and 18 other investors, senior Google executives and technology executives.

SandboxAQ plans to use the funds received in its “oversubscribed funding round” to hire additional AI experts, physicists and engineers to further develop and implement its AI and quantum technologies.

SandboxAQ said its customer base already includes Vodafone Business, Softbank Mobile, Mt. Sinai Health System, and it has deals with “other top Global 1000 companies, including Wix.”

Source: ZDNet.com

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