Alphabet has revealed that it is transforming its quantum technology suite into an independent company.
Sandbox has operated as a separate outfit outside of the company's Moonshot X division for almost a couple of years now, and was released in XNUMX by Jack Hidary.
Its headquarters are in Palo Alto, California, and it currently has fifty-five employees, with Hidary continuing as CEO. Since its inception, Sandbox has attracted multiple high-profile investors, including former Google CEO Eric Schmidt, who will accept the role of chairman of the Sandbox board, Breyer Capital, TIME Ventures and T. Rowe Price.
software work
Along with high-profile investors, the company also has a number of high-end service clients, including Softbank Mobile, Vodafone and Mount Sinai Health System.
Reports that Alphabet wanted to create Sandbox began circulating in late January XNUMX, then from a move by Hidary several months earlier that saw him sign a California regulatory filing for a company called SB Technologies based out there in California. city of San Francisco.
At the same time, the site sandboxquantum.com was also launched.
There has also been talk of two separate quantum technology teams within Alphabet, as, as well as Sandbox, the company is said to have another quantum computing team in Santa Barbara. Last year, Google opened a quantum computing lab there that houses a commercial-grade quantum device with 1 million qubits.
Sandbox seems to be more software-centric than hardware-centric. In a previous Business Insider report, Hidary said: "Hardware is great, but it's really the software that does most of the value creation."
Sandbox's actual work is anyone's guess, it seems. BI described it as a company exploring "the intersection of physics and AI."
An Alphabet spokesperson told Insider. "Sandbox cooperates and shares technical learnings at Alphabet, even with Google's cloud, AI and quantum teams, and multiple other stakes."
Via: CNBC