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Absci Stock Jumps

YAHOO!Finance · 2d

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.

SiliconANGLE · 1d

AMD invests $20M in AI-powered drug discovery company Absci

Absci will use AMD’s $20 million investment to enhance its AI models. In parallel, the companies will collaborate to develop new hardware and software optimized for the healthcare sector. The effort will place particular emphasis on developing technologies that can advance drug discovery.

SiliconRepublic · 2d

AMD to invest $20m in Absci to boost AI drug discovery tech

AMD's technology will also be used to boost Absci's drug discovery workload, including the company's de novo antibody design models.

The Wall Street Journal on MSN · 2d

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.

1d

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 ...

2d

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 ...

2don MSN

AMD is going head-to-head with Nvidia in AI-backed drug discovery with new deal

Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.

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