Sanofi, OpenAI To Build AI Software To Boost Drug Development

RTTNews | 163 dagar sedan
Sanofi, OpenAI To Build AI Software To Boost Drug Development

(RTTNews) - French drug major Sanofi is teaming with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT, as well as Formation Bio, an AI and tech-driven drug developer, to build AI-powered software to accelerate drug development and bring new medicines more efficiently.

With the AI collaboration, the companies expect to lead drug developers' way to use the significant potentially positive impact of AI for patients waiting for new treatments.

Under the deal, the companies would bring together data, software and tuned models to develop custom, purpose-built solutions across the drug development lifecycle. It's a first-of-its kind collaboration within the pharma and life sciences industries.

Sanofi said it will leverage the partnership to provide access to proprietary data to develop AI models as it aims to becoming the first biopharma company powered by AI at scale.

Further, OpenAI, which is backed by tech giant Microsoft Corp., will contribute access to cutting-edge AI capabilities, including the ability to fine-tune models, deep AI expertise and dedicated thought partnership and resources.

Formation Bio will provide extensive engineering resources, and experience operating at the intersection of pharma and AI. It will also provide its tech-driven development platform to design, develop and deploy AI technologies across all aspects of the pharma lifecycle.

Sanofi CEO Paul Hudson said, "This unique collaboration is the next significant step in our journey to becoming a pharmaceutical company substantially powered by AI. Next generation, first-of-its kind AI model customizations will be an important foundation in our efforts to shape the future of drug development for pharma and for the many patients waiting for innovative treatments."

Brad Lightcap, COO, OpenAI, added that there is massive potential for AI to accelerate drug development, and that the collaboration would help patients and their families by bringing new medicines to the market.

OpenAI last week enetred into a deal with social media company Reddit Inc. to bring its content to ChatGPT and its products. OpenAI also agreed to become a Reddit advertising partner.

Bloomberg recently reported that tech giant Apple Inc. is in the final stages of reaching an agreement with OpenAI to incorporate ChatGPT features into iOS 18.

read more
Microsoft CEO Satya Nadella Gets $79.1 Mln Pay In 2024, Up 63%

Microsoft CEO Satya Nadella Gets $79.1 Mln Pay In 2024, Up 63%

Microsoft Corp.'s Chairman and Chief Executive Officer Satya Nadella received a pay raise of around 63% in fiscal 2024, with most of the package being in the shares of the tech major. Meanwhile, the cash incentive was more than 50 percent lower than Nadella would have been awarded, following his request for a reduction amid recent security issues.
RTTNews | 6 dagar sedan
OpenAI Unveils Canvas ChatGPT Interface To Write And Code

OpenAI Unveils Canvas ChatGPT Interface To Write And Code

OpenAI, the maker of popular chatbot ChatGPT, announced the launch of canvas, a new interface for working with ChatGPT on writing and coding projects, more than the simple chat. Canvas, the new way to interact with ChatGPT, opens in a separate window, allowing the users and ChatGPT to collaborate on a project. According to the firm, Canvas is a new approach and the first major update to ChatGPT's
RTTNews | 27 dagar sedan
Microsoft To Invest EUR 4.3 Bln In Italy To Boost AI, Cloud

Microsoft To Invest EUR 4.3 Bln In Italy To Boost AI, Cloud

Microsoft Corp. will be investing 4.3 billion euros in Italy in the next two years, aiming to expand the country's hyperscale cloud and artificial intelligence or AI datacenter infrastructure. In its largest investment in Italy to date, the tech giant said it will also provide digital skills training to more than 1 million Italians by the end of 2025.
RTTNews | 28 dagar sedan
OpenAI Raises $6.6 Bln In Funding With $157 Bln Valuation

OpenAI Raises $6.6 Bln In Funding With $157 Bln Valuation

Chatbot ChatGPT maker OpenAI has raised $6.6 billion in its new funding round to accelerate its efforts in the artificial general intelligence or AGI for humanity's benefit, reaching post-money valuation at $157 billion. In a blog post, the Microsoft-backed AI startup noted that the new funding would allow it to double down on its leadership in frontier AI research, increase compute capacity...
RTTNews | 28 dagar sedan
OpenAI To Restructure Non-profit Control, Give CEO Sam Altman Equity; CTO Resigns

OpenAI To Restructure Non-profit Control, Give CEO Sam Altman Equity; CTO Resigns

Chatbot ChatGPT maker OpenAI, which was founded as a non-profit to build safe and beneficial artificial general intelligence or AGI for the benefit of humanity, is considering plans to restructure its core business to become a for-profit benefit business, aiming to attract more investors, reports said citing sources familiar with the matter. Co-founder and Chief executive Sam Altman will also...
RTTNews | 35 dagar sedan
CrowdStrike Says Significant Number Of Impacted Windows Devices Back In Operation; Stock Down

CrowdStrike Says Significant Number Of Impacted Windows Devices Back In Operation; Stock Down

CrowdStrike Holdings, Inc., the cybersecurity firm behind the 'largest IT outage in history' is continuing with its downward stock movement, even after the firm informed that a significant number of the impacted Microsoft Windows devices are back online and operational. The faulty software update had knocked out around 8.5 million computers globally and resulted in chaos in many major sectors incl
RTTNews | 101 dagar sedan
Microsoft, Crowdstrike Stocks Hit On Windows Outage; Crowdstrike Says Fix Deployed

Microsoft, Crowdstrike Stocks Hit On Windows Outage; Crowdstrike Says Fix Deployed

Shares of tech major Microsoft Corp. were losing around 2 percent and cybersecurity company Crowdstrike were down 13 percent in the pre-market trading on the Nasdaq following global outage that hit millions around the world. Microsoft Windows users across the world are facing severe outage as they get the Blue Screen of Death or BSOD error, which causes the system to suddenly shut down or restart.
RTTNews | 104 dagar sedan