Sanofi, OpenAI To Build AI Software To Boost Drug Development

RTTNews | 13 days ago
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 Launches Copilot+ PCs Designed For AI

Microsoft Launches Copilot+ PCs Designed For AI

Microsoft has launched a new category of Windows PCs designed for Artificial Intelligence (AI) that are slated to be the fastest and most intelligent Windows PCs ever built. The Copilot+ PCs come with built-in AI hardware and will support AI features across the operating system.
RTTNews | 11 days ago
Amazon, Microsoft, Pfizer To Invest Billions In French Projects

Amazon, Microsoft, Pfizer To Invest Billions In French Projects

Major companies, including Amazon.com Inc., Microsoft Corp., Morgan Stanley, Pfizer and others, have announced around 15 billion euros or $16.2 billion worth foreign investments in France as part of the country's annual 'Choose France' business summit, reports said. French President Emmanuel Macron kicks off the summit of 180 CEOs and executives on Monday, aiming to showcase foreign investment.
RTTNews | 21 days ago
Sanofi Q1 Profit Weak, But Sales Rise; Backs FY24 View; Stock Up

Sanofi Q1 Profit Weak, But Sales Rise; Backs FY24 View; Stock Up

French drug major Sanofi reported Thursday weak profit in its first quarter, despite higher net sales. The company also maintained its fiscal 2024 outlook. Sanofi shares were gaining around 4 percent in Paris trading as well as in pre-market activity on the Nasdaq.
RTTNews | 39 days ago
Microsoft To Invest $1.5 Bln In UAE's AI Firm G42

Microsoft To Invest $1.5 Bln In UAE's AI Firm G42

Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expansion. The investment would enhance the UAE's position as a global AI hub. With the collaboration, the companies expect to share the benefits of secure AI technologies and cloud capabilities with growi
RTTNews | 48 days ago
Microsoft Plans To Invest $2.9 Bln In Japan To Boost AI

Microsoft Plans To Invest $2.9 Bln In Japan To Boost AI

Tech major Microsoft Corp. plans to invest $2.9 billion in data centers in Japan by 2025 to boost its artificial intelligence or AI business, Nikkei reported citing an interview with President Brad Smith. The company will announce its investment plans when the Japanese Prime Minister Fumio Kishida is visiting the United States.
RTTNews | 55 days ago
OpenAI CEO Sam Altman In Forbes' Billionaire List

OpenAI CEO Sam Altman In Forbes' Billionaire List

Sam Altman, CEO of OpenAI, the developer of highly popular generative AI chatbot ChatGPT, has been added to the latest list of billionaires by Forbes with his vast investments in start ups and other companies. Meanwhile, he does not have a financial stake in the now $80 billion-plus valued non-profit artificial intelligence startup OpenAI, which he cofounded with billionaire Elon Musk and others.
RTTNews | 55 days ago