Eric Schmidt argues against a ‘Manhattan Project for AGI’

In a policy paper published Wednesday, former Google CEO Eric Schmidt, Scale AI CEO Alexandr Wang, and Center for AI Safety Director Dan Hendrycks said that the U.S. should not pursue a Manhattan Project-style push to develop AI systems with “superhuman” intelligence, also known as AGI. The paper, titled “Superintelligence Strategy,” asserts that an aggressive…

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Eric Schmidt’s SandboxAQ aims for $5B valuation for its AI/quantum Google moonshot

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…

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Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others

Magic, an AI startup creating models to generate code and automate a range of software development tasks, has raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, as well as Alphabet’s…

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