Eric Schmidt's SandboxAQ Aims For $5B Valuation For Its AI/Quantum Moonshot

SandboxAQ began as Alphabet’s moonshot AI and quantum computing and now has an impressive roster of projects.

VCs are spending gobs of money on AI startups — especially those run by big names in tech — so SandboxAQ is putting its hand out again, even though it raised a whopping $500 million in early 2023. The spinout from Google parent company Alphabet is reportedly seeking to raise another round that would value it at $5 billion, sources tell Bloomberg. Its la…