Tuesday, May 24, 2022

Startup funding woes may hurt IPL ad prospects

Inbound investments were $4.6 billion in January, but quickly fell to $3.6 billion in February, $3.4 billion in March, and $2.6 billion in April. Globally, venture capital firms are becoming more vocal about a looming economic slowdown and the need to be more “defensive”. Investors are asking startups to focus on return on investment and reducing cash burn.

from Tech-Economic Times https://ift.tt/nTCvIWZ

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Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco...