Talking-up Scotland

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/