Ginkgo Bioworks Shares Rise 10% After Partnership With Google Cloud
29 Agosto 2023 - 9:01AM
Noticias Dow Jones
By Chris Wack
Ginkgo Bioworks shares were up 10% to $1.98 in premarket trading
after the company entered a five-year strategic cloud and AI
partnership with Google Cloud, intended to enable Ginkgo to develop
and deploy AI tools for biology and biosecurity.
Under the strategic partnership, Ginkgo will work to develop
new, state-of-the-art large language models running on Google
Cloud's Vertex AI platform across genomics, protein function, and
synthetic biology.
Ginkgo intends to make Google Cloud its primary cloud services
provider, significantly increasing its next-generation cloud
computing resources. In addition, Google Cloud will provide funding
to help Ginkgo achieve certain milestones over the next three
years.
Ginkgo and Google Cloud anticipate fueling a number of new
Ginkgo offerings and initiatives through the collaboration.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
August 29, 2023 09:46 ET (13:46 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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