Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Nvidia (NVDA) and Eli Lilly (LLY) said they’re investing up to $1B over five years to develop an AI-powered lab for drug discovery.
The lab’s infrastructure will be built on Nvidia’s (NVDA) BioNeMo platform and Vera Rubin architecture. The companies also plan to utilize robotics and physical AI to speed and scale drug discovery and production. The facility will be located in the San Francisco Bay Area, they said.
“AI is transforming every industry, and its most profound impact will be in life sciences,” said Nvidia CEO and founder Jensen Huang in a statement.
“Nvidia and Lilly are bringing together the best of our industries to invent a new blueprint for drug discovery—one where scientists can explore vast biological and chemical spaces in silico before a single molecule is made,” Huang added.
“Combining our volumes of data and scientific knowledge with Nvidia’s computational power and model-building expertise could reinvent drug discovery as we know it,” Lilly Chair and CEO David Ricks said in the statement.
“By bringing together world-class talent in a startup environment, we’re creating the conditions for breakthroughs that neither company could achieve alone,” Ricks added.
- Apple (AAPL) said its future Apple Intelligence features, including an updated version of Siri, will be based on Google’s (GOOG) (GOOGL) Gemini under a new multi-year collaboration deal.
“After careful evaluation, Apple determined that Google’s Al technology provides the most capable foundation for Apple Foundation Models and is excited about the innovative new experiences it will unlock for Apple users,” Apple said in a blog post.
“Apple Intelligence will continue to run on Apple devices and Private Cloud Compute, while maintaining Apple’s industry-leading privacy standards,” Apple added.
- Meta Platforms (META) has hired former Trump advisor Dina Powell McCormick as its president and vice chairman.
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s President and Vice Chairman,” said Meta CEO Mark Zuckerberg in a statement.
McCormick served as a Meta board member last year but resigned in December. A former partner at Goldman Sachs, she served as deputy national security advisor for the first Trump administration.