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Applied artificial intelligence startup CuspAI has secured $30 million in funding to develop a platform for AI-driven material design, aimed at accelerating the discovery and assessment of new structures. The company, founded by Professor Max Welling and Dr. Chad Edwards, plans to leverage generative AI, deep learning, and molecular simulation to revolutionize the materials discovery process. CuspAI's platform will enable designers and engineers to customize material properties based on specific requirements.
The funding round, led by Hoxton Ventures and supported by investors like Basis Set Ventures and Lightspeed Venture Partners, signifies a significant step towards advancing sustainable solutions through AI-designed materials. CuspAI's initial focus on materials for carbon capture and storage highlights its commitment to addressing climate change challenges. The company's collaboration with Meta Platforms Inc. on the OpenDAC research project further underscores its dedication to driving innovation in carbon capture technologies.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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