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Eric Schmidt’s SandboxAQ is targeting a $5 billion valuation for its Google AI/quantum Moonshot

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VCs are spending huge amounts of cash on AI startups – especially those run by big names in tech – which is why SandboxAQ is reaching out again, regardless that it raised a whopping $500 million in early 2023.

According to reports, the corporate spun off from Google’s parent company, Alphabet, is trying to boost one other round that can value it at $5 billion. sources tell Bloomberg. The most up-to-date $500 million round, accomplished in February 2023, had backers equivalent to Breyer Capital, T. Rowe Price Funds and Marc Benioff, Reuters was reported then. PitchBook estimated its valuation after this round at $4 billion.

SandboxAQ began as Alphabet’s moonshot AI quantum computing unit, led by Jack Hidary, also often known as a longtime X Prize board member. In March 2022, it was spun off from Alphabet and transformed into an independent startup, with Hidary as CEO. Billionaire and former Google CEO Eric Schmidt became the startup’s president.

His mission is a veritable alphabet soup of buzzwords: working on the intersection of quantum computing and artificial intelligence. But he isn’t constructing a quantum computer, although his software should in the future work with them, Hidary said in a recent episode of the show Podcast by Peter H. Diamandis. Instead, it creates software based on quantum physics that may model molecules and predict their behavior. Google is still there works on a quantum computer part, but Hidary says SandboxAQ already has a variety of partnerships in the sector of quantum computing.

The startup has a large and somewhat wild portfolio of products within the fields of life sciences, materials science, navigation, encryption and cybersecurity.

Does not work with the AI ​​generative chatbot variant AI ChatGPT. Instead of predicting language, it uses large-scale artificial intelligence modeling techniques on equations. Or as Hidary explained: “Instead of a world of large language models, we have now entered a world of large quantitative models, LQM. LQM is about starting with equations to generate data. …It is the most efficient and accurate way to generate data.”

To this end, it already has a list of impressive development contracts. For example, it is working to increase the lifetime of lithium-ion batteries in collaboration with battery company Novonix; has a contract with the United States Air Force to develop magnetic navigation systems that don’t depend on GPS; is also working with a variety of US hospitals on a man-made intelligence-based “magnetocardiography system” – a recent variety of medical device for cardiac imaging, amongst other things.

So this AI chooses larger hurdles than writing term papers or creating fake videos.

Interestingly, there are some indications that SandboxAQ could change into considered one of the AI ​​corporations that VCs are desperate to back. Many investors all year long established special purpose vehicles (SPV) for company shares. As we have now previously reported, such special purpose vehicles have change into a popular financial tool because so many investors want to amass shares in well-known artificial intelligence startups.

SandboxAQ didn’t immediately reply to our request for comment.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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