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 [...]
Barclays names Fractile and Isomorphic Labs among UK’s top AI startups Tech Barclays has named AI chip startup Fractile and Google DeepMind spinout Isomorphic Labs among Britain’s top AI companies as investors race to back the next generation of UK tech champions. The banking giant’s Eagle Labs division unveiled its new AI 100 ranking this week, spotlighting the country’s fastest-growing AI businesses amid a record year for [...]
AI will design drugs in the next couple of years, says Google Deepmind boss tech The chief of Google DeepMind has said artificial intelligence (AI) could be designing drugs in clinics within the next couple of years.