Google DeepMind’s London AI drug spinout eyes $50bn valuation Tech London-based AI drug discovery firm, Isomorphic Labs, is reportedly seeking a valuation of up to $50bn (£37bn) in fresh funding talks, just five months after raising $2.1bn from investors. The Google DeepMind spinout, led by Nobel Prize-winning scientist Sir Demis Hassabis, is in early discussions to raise new capital at a valuation of at least [...]
Government plots university spinout crackdown Entrepreneurship The government is plotting to clamp down on the number university spinouts that shift their operations abroad or float overseas, the boss of the body responsible for research investment has said, in a move likely to spark unrest among founders and the venture capital industry. Sir Ian Chapman, the chief executive of UK Research and [...]
Pigment boss: ‘We’re replacing legacy players at the speed of light’ Tech Eléonore Crespo, co-founder and chief executive of Pigment, said the company is replacing legacy enterprise software providers “at the speed of light”, as demand for AI-native business planning accelerates across the private sector. The Paris-headquartered platform, which helps companies including Unilever, Siemens, Anthropic and Coca-Cola run financial planning and performance management, is approaching $100m (£75m) [...]
Google DeepMind partners with the government on AI innovation December 11, 2025 The government has struck a major deal with Google DeepMind which will see UK scientists gain priority access to its AI technologies. The Alphabet-owned AI giant will also create a new AI system aimed to cut government bureaucracy, and develop a version of Gemini – Google’s largest AI model – to be integrated into schools. [...]
AI regulation needs to be smarter in the UK, urges Deepmind boss June 3, 2025 Demis Hassabis, chief executive of Google Deepmind, has called on UK policymakers and business heavyweights to embrace the “smart regulation” of AI, warning that a failure to do so could prompt unintended harm, or the loss of public trust. He announced at London’s inaugural SXSW event on Monday: “AI is the most important technology humanity [...]
Google parent firm Alphabet drops pledge on using AI tech for weapons and surveillance February 5, 2025 Google’s parent company Alphabet has removed its commitment to avoiding artificial intelligence (AI) applications for weapons and surveillance from its ethical guidelines. The tech behemoth stressed the importance of collaboration between businesses and democratic governments to develop AI that “protects people, promotes global growth, and supports national security.” The revised guidelines were announced in a [...]
AI will design drugs in the next couple of years, says Google Deepmind boss February 27, 2024 The chief of Google DeepMind has said artificial intelligence (AI) could be designing drugs in clinics within the next couple of years.