Ginkgo Bioworks and Google Cloud Partner to Build Next Generation AI Platform for Biological Engineering and Biosecurity, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Ginkgo Bioworks (NYSE:DNA) and Google Cloud have announced a five-year strategic cloud and AI partnership. The partnership aims to enable Ginkgo to develop and deploy AI tools for biology and biosecurity.
August 29, 2023 | 12:07 pm
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Ginkgo Bioworks has entered into a strategic partnership with Google Cloud to develop and deploy AI tools for biology and biosecurity.
The partnership with Google Cloud, a leading cloud service provider, is likely to enhance Ginkgo Bioworks' capabilities in AI and biosecurity. This could potentially lead to new business opportunities and revenue growth, positively impacting the company's stock in the short term.
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Google Cloud, a subsidiary of Alphabet Inc., has entered into a strategic partnership with Ginkgo Bioworks to develop and deploy AI tools for biology and biosecurity.
The partnership with Ginkgo Bioworks could potentially expand Google Cloud's customer base and strengthen its position in the cloud services market. However, given Alphabet's size and diverse business operations, the impact on its stock price may be relatively small in the short term.
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RELEVANCE 100