Major deal for Dundee-based Artificial Intelligence Company

static1.squarespace.com

Dundee is already a top technology city. The Tech Nation Report for 2016 lists:

  • Since 2010 Dundee’s digital turnover has risen by 129%
  • Dundee now has the third fastest growing digital turnover in the UK
  • Since 2010 Dundee’s GVA (Gross Value Add) has grown by 42%
  • Dundee’s GVA now sits at £61.4 million
  • There are now 3,318 jobs in Dundee related to the digital tech economy

Now, Dundee company, Exscientia, which specialises in Artificial Intelligence (AI)-driven drug discovery has just agreed a collaboration with Sanofi worth about £210 million. This is a major breakthrough for the company. Sanofi are huge with more than 100 000 employees in 38 countries globally. Here’s what Exscienta can do for Sanofi:

‘Instead of using traditional and very time-consuming lab-based methods to bring forward new drug candidates, Exscientia has developed artificially intelligent algorithms that carry out the drug design work on outsourced cloud computing networks. The model significantly shortens pre-clinical trials and also improves the chances of the candidate drug making it through the clinical trial process and, ultimately, become a widely available medication.’

Yes, me neither.

https://www.thecourier.co.uk/fp/business/business-news/422873/dundee-aidrug-design-firm-secures-e250m-deal/

Advertisements

3 thoughts on “Major deal for Dundee-based Artificial Intelligence Company

  1. Clydebuilt May 10, 2017 / 7:00 pm

    Didn’t see it on tonight’s R. S. Probably be on tomorrow nights show.

    Like

    • Finnmacollie May 11, 2017 / 2:37 pm

      Nah. Too positive.

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s