First Ascent Biomedical

The subsidiary of Google parent Alphabet plans to use its first round of external funding to boost its artificial-intelligence drug design pipeline across multiple therapeutic areas.

A Boston drug discovery company that uses AI has hit unicorn valuation. It uses transformer diffusion models, which its CEO says can "understand the concept of time and how you change, from cradle to grave.

First Ascent Biomedical, a Miami biotech company and cancer researcher, will receive $2 million in funding from the Florida Cancer Innovation Fund. The grant is intended to accele

Beyond speed, AI has also helped reduce costs. Conventional methods required nearly $35,000 per genome analysis, but AI-driven models running on GPUs have lowered the cost to under $2,000, making high-quality genomic research more accessible.

Biotechnology innovations are revolutionizing healthcare with AI, data science, and automation, leading to more precise and personalized treatments.

Amazon Web Services ( AMZN) has been increasing its partnerships with health companies to advance AI capabilities in healthcare. In the past year, that has included names like GE Healthcare ( GEHC) and General Catalyst.

Abridge, a startup that uses artificial intelligence to build medical documents, said on Monday it raised $250 million in a funding round co-led by Elad Gil and IVP.

As the CEO of Karyon Bio, Thirunagari introduced the company's ground breaking Digital Liver initiative, an AI-powered approach to tackling Metabolic Dysfunction-Associated Steatotic Liver Disease (MA