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Bioptimus raises $35 million seed round to develop AI foundational model focused on biology

The reason it makes sense to create a startup focused exclusively on biology is that access to training data isn’t as simple in this field. While OpenAI is slowly moving away from web crawling in favor of licensing deals with content publishers, Bioptimus is facing different data challenges as it will have to deal with sensitive clinical data that isn’t publicly available at all.
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Source: yahoo.com

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VC fund pulls $2.5m from former PwC boss Luke Sayers

US-based venture capital fund McLaren Strategic Ventures has agreed to reduce its investment in the consultancy set up by the former PwC chief Luke Sayers by $2.5 million as part of a โ€œcapital reductionโ€ approved by shareholders, according to documents lodged with the corporate regulator.
New South Wales Australian Capital Territory Jerry Hsu Nathan Laine Paul Scurrah Mathias Cormann
Source: afr.com

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