Ginkgo Bioworks Announced The Acquisition Of Key Assets Of Reverie Labs, Which Built And Used AI/ML Tools To Accelerate Drug Discovery
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Ginkgo Bioworks has acquired key assets of Reverie Labs, including infrastructure and software for AI/ML drug discovery acceleration. Four of Reverie's AI team members will also join Ginkgo.
February 28, 2024 | 12:30 pm
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Ginkgo Bioworks' acquisition of Reverie Labs' assets strengthens its position in AI/ML-driven drug discovery, potentially boosting its market value and innovation capabilities.
The acquisition of Reverie Labs' AI/ML assets by Ginkgo Bioworks is a strategic move that enhances Ginkgo's capabilities in the fast-growing field of AI-driven drug discovery. By integrating Reverie's advanced AI/ML infrastructure and software, along with adding key AI team members to its workforce, Ginkgo is likely to see an improvement in its drug discovery processes, potentially leading to faster and more efficient development of new drugs. This could positively impact Ginkgo's market value and position it as a leader in the biotech industry, making the news highly relevant and important for investors in DNA.
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