Immense
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Blog
Why SandboxAQ thinks large quantitative models have immense enterprise potential
A new type of AI, known as large quantitative models (LQMs), is set to eclipse large language models (LLMs) in areas such as finance, healthcare, energy, and life sciences — according to SandboxAQ, an Alphabet spin-out company now valued at $5 billion. Established in 2016 at Google’s Palo Alto headquarters, SandboxAQ began life as Alphabet’s ‘Sandbox’ division, with a focus…
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Elon Musk’s xAI Acquires X in $45B Deal to ‘Unlock Immense Potential’
Image: SpaceX/YouTube Elon Musk’s artificial intelligence startup xAI has formally acquired his social media platform X in an all-stock transaction valued at approximately $45 billion. This figure includes $12 billion in debt, bringing the implied equity value of X to $33 billion. The merger will “combine the data, models, compute, distribution and talent” of the two companies, according to Musk’s…
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