Alphabet's Isomorphic Labs Raises $600M for AI-Driven Drug Discovery

altcoin chronicle

31 Mar 2025

Isomorphic Labs, an AI-driven drug discovery company and subsidiary of Alphabet, has secured $600 million in its first external funding round. The investment was led by Thrive Capital, with participation from GV (formerly Google Ventures) and additional backing from Alphabet.

Founded in 2021 and based in London, Isomorphic Labs aims to leverage artificial intelligence to revolutionize drug design and development. The company utilizes AI models, including DeepMind's AlphaFold, to predict protein structures, thereby accelerating the drug discovery process.

U.S. Department of Energy Identifies Sites for AI Infrastructure Development

The U.S. Department of Energy (DOE) has announced plans to develop AI-focused infrastructure on 16 DOE-managed sites across the country. These locations, which include the Idaho National Laboratory and former nuclear facilities in Kentucky and Ohio, already possess key energy infrastructure, making them ideal for housing data centers and

D-Wave Quantum Showcases Quantum-Powered Blockchain Network

D-Wave Quantum has unveiled a prototype blockchain network powered by its advanced quantum computing technology, highlighting significant improvements in scalability and energy efficiency. The company demonstrated how quantum computing can enhance blockchain's ability to process transactions at unprecedented speeds while reducing the energy consumption associated with traditional proof-of-work

House Financial Services Committee Advances STABLE Act

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Cryptocurrency Executives Advocate for Interest Payments on Stablecoins

Crypto industry leaders are urging U.S. lawmakers to allow stablecoin issuers to offer interest payments to token holders, a move they argue would make digital assets more competitive with traditional bank deposits. Currently, stablecoins such as Tether (USDT) and Circle’s USDC are pegged to the U.S. dollar

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U.S. Department of Energy Identifies Sites for AI Infrastructure Development

D-Wave Quantum Showcases Quantum-Powered Blockchain Network

House Financial Services Committee Advances STABLE Act

Cryptocurrency Executives Advocate for Interest Payments on Stablecoins