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 million round was led by Thrive Capital, with participation from GV, and existing investor Google's parent Alphabet, it said.
Ben Reitzes, Melius Research head of technology research, joins 'Power Lunch' to discuss why he says Google is losing the generative AI battle.
YouTube is big. Really big. Really, really big. How big? Try this: It's about to become the biggest media company in the world. Bigger than Disney.
On March 27, Alphabet Inc GOOG GOOGL Google introduced several new features across Search, Maps, and Gemini to enhance vacation planning, BofA Securities noted Monday.
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Isomorphic Labs, which uses artificial intelligence technologies for drug discovery, has raised $600 million in its first ever external funding round led by Thrive Capital, the startup said on Monday.
Since ChatGPT burst onto the scene 2½ years ago, Wall Street has wondered whether it was a major threat to Google's search business. And with Alphabet Inc.'s stock now 25% off its highs, a Melius Research analyst is exploring that question with a bit more intensity.
The company, which uses artificial intelligence to develop new treatments, now counts the venture capital firm Thrive Capital as a backer.
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