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AMD invests $20 million in AI drug research

AMD Invests in Drug-Discovery Company Absci in Push to Sell AI Chips

The $20 million deal gives the chip supplier a toehold in the life-sciences market, a strategy it plans to replicate in other industries.

YAHOO!Finance · 1d

Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery

AI drug creation company Absci Corporation (NASDAQ:ABSI) shares are trading higher in premarket on Wednesday after the company entered into a strategic collaboration with Advanced Micro Devices Inc (NASDAQ:AMD) to enhance its AI drug discovery capabilities.

Hosted on MSN · 1d

AMD invests $20 million in AI drug research at Vancouver-based Absci

Chip designer AMD said Wednesday that it will invest $20 million in Absci, the Vancouver company that aims to use artificial intelligence to develop new drug therapies. Absci hopes artificial intelligence will enable it to move faster to develop protein-based medicines called biologics,

AbSci’s Strategic Growth Bolstered by AMD Collaboration and Promising Pipeline Advancements

Analyst Swayampakula Ramakanth from H.C. Wainwright maintained a Buy rating on AbSci (ABSI – Research Report) and keeping the price target at ...

AMD Shares Slide as HSBC Downgrades Stock Over Nvidia Concerns; Absci Collaboration Announced

Following HSBC downgrading of the semiconductor company's stock, Advanced Micro Devices ( AMD, Financials) shares fell over 5 ...

20h

New pricing leak shows AMD may have been right to wait for Nvidia

Many are wondering about how much it’ll cost, and a reliable leaker just shared the rumored pricing of the RX 9070 XT.

1don MSN

Analyst overhauls AMD stock price target as gap with Nvidia widens

Advanced Micro Devices shares extended their recent run of declines Wednesday after a top Wall Street analyst cautioned that the chipmaker could continue to trail its peers' performance well into the ...

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