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DeepMind CEO Targets $100 Billion-Plus AI Drug Discovery Business With AlphaFold

May 09, 2024 - news.bensbites.com
Google DeepMind has launched a new version of AlphaFold, an AI tool for predicting protein structures, which could revolutionize biology research and potentially create a business worth over $100 billion. The AI system could transform medicine and generate significant commercial value for Isomorphic Labs, a DeepMind spinoff, according to Demis Hassabis, CEO of both subsidiaries.

Isomorphic Labs, a unit of Alphabet Inc. established three years ago, was created to commercialize DeepMind's AI for drug discovery. AlphaFold, first released in 2018, has made strides in decoding protein shapes, a challenge often likened to mapping the human genome. The latest version of AlphaFold can model various molecular structures, including DNA and RNA, and predict their interactions.

Key takeaways:

  • Google DeepMind has released a new version of AlphaFold, an AI tool for predicting protein structures, with potential to revolutionize medicine and biology research.
  • The AI system could potentially create 'enormous commercial value' for DeepMind spinout Isomorphic Labs, potentially worth over $100 billion.
  • Isomorphic Labs, a unit of Alphabet Inc., was created to commercialize DeepMind's AI for drug discovery.
  • The latest version of AlphaFold can model a range of molecular structures, including DNA and RNA, and predict their interactions.
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