Alphabet has launched a new drug discovery company called Isomorphic Labs that will be led by DeepMind CEO Demis Hassabis.
The company will build on research carried out by London artificial intelligence lab DeepMind, which Google acquired in 2014.In a blog post, Hassabis described Isomorphic Labs as a commercial venture with a mission to "reimagine the entire drug discovery process from the ground up."OLI SCARFF | AFP | Getty Imageshas launched a new drug discovery company in the U.K. called Isomorphic Labs.
The company will build on research carried out by London artificial intelligence lab DeepMind, which Google acquired in 2014. While the firm was only officially announced on Thursday, it was incorporated in February, according to a filing with Companies House, the U.K. company registry. Demis Hassabis, the CEO and co-founder of DeepMind, is also the founder and CEO of Isomorphic Labs. He will remain CEO of DeepMind., Hassabis described Isomorphic Labs as a commercial venture with a mission to "reimagine the entire drug discovery process from the ground up."
A spokesperson for Isomorphic Labs stressed that the company is separate from DeepMind and that it has its own dedicated resources. They stopped short, however, of saying how many staff or how much capital it has at its disposal. "Where relevant, teams from both companies may collaborate, especially in the early days as Isomorphic Labs is hiring its team," the spokesperson said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google to Pursue Pentagon Cloud-Computing ContractGoogle is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid process in the face of employee protests
Read more »
Google Allows Alternate In-App Payment Options in South Korea, Though Familiar Fees RemainThe company plans to continue charging South Korean app developers a service fee for in-app purchases, even as users for the first time globally can choose to use third-party payment platforms.
Read more »
Google Invests $1 Billion in Exchange Giant CME, Strikes Cloud DealAlphabet’s Google and futures-exchange giant CME Group reached a deal under which the Google Cloud unit will eventually power markets that handle trillions of dollars in trades each day.
Read more »
Google's new Pentagon bid is already riling some employeesGoogle's new Pentagon bid is already riling some employees who are concerned the company's AI technology will be used for weapons and war
Read more »
Google Invests $1 Billion in Exchange Giant CME, Strikes Cloud DealAlphabet’s Google and futures-exchange giant CME Group reached a deal under which the Google Cloud unit will eventually power markets that handle trillions of dollars in trades each day.
Read more »
White House sets early January deadline for employers to comply with new vaccine requirementsAny employer failing to meet the requirements by Jan. 4 could face nearly $14,000 in fines for each employee who isn't in compliance.
Read more »