Alphabet-spinoff SandboxAQ valued at $5.3 bln after $300 mln fundraising
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SandboxAQ, a startup spun off from Alphabet, has raised over $300 million, valuing it at $5.3 billion. The funding will accelerate the development of advanced AI systems.
December 18, 2024 | 4:00 pm
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Alphabet's spinoff, SandboxAQ, has been valued at $5.3 billion after raising $300 million. This development highlights Alphabet's strategic investments in AI technology.
The successful fundraising and high valuation of SandboxAQ, a spinoff from Alphabet, underscores Alphabet's strategic focus on AI. This could positively impact Alphabet's stock as it reflects potential future growth in AI technology.
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