SandboxAQ, the AI and quantum computing spinout from Alphabet, is reportedly seeking to raise funds to achieve a valuation of $5 billion, following its previous $500 million funding round in early 2023. Led by CEO Jack Hidary and backed by notable investors, the startup aims to develop software that utilizes quantum physics for advanced data modeling. With contracts in sectors like battery technology and medical imaging, SandboxAQ focuses on innovative applications beyond typical AI uses. The company continues to attract investor interest through special purpose vehicles (SPVs) targeting its shares.