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More →OpenAI Buys Orchestra Bio to Put AI Agents in Charge of Drug Development Grunt Work
OpenAI has bought Orchestra Bio, a San Francisco startup whose AI agents help drug companies keep sprawling development programs on schedule, the ChatGPT maker <a href="https://openai.com/index/openai-to-acquire-orchestra-bio/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>announced Tuesday</a>. “Our goal is to help scientists make discoveries and manage the work needed to turn them into treatments that reach patients sooner,” OpenAI said in the announcement. Orchestra’s team and platform will be folded into <a href="https://openai.com/rosalind/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>Rosalind</a>, OpenAI’s family of AI models and tools for biologists and chemists. The financial terms were not disclosed. Getting a new medicine from first idea to U.S. approval takes time—up to 15 years according to OpenAI. Every month shaved off that timeline is a month earlier that a new treatment can reach the people waiting for it, and a month earlier that the company can generate cash. The process is also absurdly expensive: bringing one approved drug to market can cost more than <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC12668846/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>$2.6 billion</a>, and <a href="https://arxiv.org/pdf/2106.05386" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">fewer than 10%</a> of candidates that enter human testing ever make it to pharmacy shelves. Beyond the science itself, OpenAI says drug teams have to coordinate work across internal departments and outside partners, often relying on systems that don’t talk to each other. Those partners usually include contract research organizations, the outside labs hired to run studies, and contract manufacturers that produce the experimental drug. Orchestra’s AI agents—software that can watch over tasks and flag problems on its own—work out which activities and deadlines take the hit, gather the relevant information and compare ways to respond, while scientists and program leaders make the final call. Founded in the fall of 2022, Orchestra raised its <a href="https://jobs.8vc.com/companies/orchestra/jobs/28818089-senior-software-engineer" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">>seed round</a> from Andreessen Horowitz, Definition Capital, Insight Partners, and 8VC, and about $20 million in total, according to <a href="https://www.caplight.com/company/orchestra-bio" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">Caplight data</a>. The company should not be confused with Orchestra BioMed, an unrelated Nasdaq-listed medical device maker that trades under the ticker OBIO. In April, OpenAI launched <a href="https://decrypt.co/364783/openai-gpt-rosalind-drug-discovery-life-sciences-model" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">GPT-Rosalind</a>, a model built specifically for biology and dru
Strive CEO plans to increase holdings by 20,000 bitcoins.
Strive CEO announces plan to increase holdings by 20,000 bitcoins, stating that institutional demand for bitcoin credit is surging.
On October 22, Cailian Press reported that the U.S. Treasury auctioned $13 billion of 20-year Treasury bonds, with a high yield of 5.469% and a bid-to-cover ratio of 2.73.
According to CoinWorld news, Caixin reported on October 22: The U.S. Treasury auctioned $13 billion of 20-year Treasury bonds, with a high yield of 5.469% and a bid-to-cover ratio of 2.73.
The U.S. Treasury auctioned $13 billion of 20-year Treasury bonds, with a high yield of 5.469%.
According to Bijie Network news, the U.S. Treasury Department auctioned $13 billion of 20-year Treasury bonds, with a winning yield of 5.469% and a bid-to-cover ratio of 2.73.
Witkoff: The US, Russia, and Ukraine will continue to hold technical-level trilateral talks.
Wu Waike said that the United States, Russia, and Ukraine will continue to hold technical-level trilateral talks. He and Trump senior adviser Kushner met with leaders from Russia, Ukraine, and Europe in Oslo and St. Petersburg to advance Trump's goal of ending the Russia-Ukraine war. In St. Petersburg, the two met with Russian President Putin to continue discussing the peace framework. Wu Waike said the discussions were constructive, that important work remains to be done, and that U.S. President Trump is committed to ending the conflict and achieving a comprehensive, lasting peace.
Meta may issue new shares to fund AI spending.
CoinWorld news, according to LiveSquawk, speculation is growing that Meta may issue new shares to fund its AI spending.
Viktor Bodnár: Restoring credibility in European crypto regulation, driving collaboration between Web3 companies and institutions
CoinWorld news, according to Cointelegraph, Viktor Bodnár stated at the Token2049 conference that crypto regulation in Europe is restoring credibility and bringing Web3 companies closer to regulated institutions. He explained why companies are seeking licenses and partnerships to enter the European market.
Super Micro raised its quarterly revenue forecast to $19.5 billion, driving shares of SMCI, Dell, and HPE higher.
CoinWorld data: Super Micro announced that it has raised its quarterly revenue forecast to $19.5 billion, an increase of $4 billion from its previous expectation, driving SMCI shares up about 12%. The company expects revenue for the quarter ending September 30 to reach $18.5 billion to $19.5 billion, a significant increase from its previous forecast of $14.5 billion to $15.5 billion. Super Micro also raised its expected gross margin to 12%-12.5%. The news also boosted the shares of competitors Dell and HPE, as market demand for artificial intelligence infrastructure remains strong.
The total market capitalization of the crypto market stands at $2.85 trillion.
According to Bijie data, the total market capitalization of the crypto market is $2.85 trillion, with a trading volume of $83.976 billion over the past 24 hours.
The U.S. Treasury Department issued an Iran-related license permitting the offloading of cargo from sanctioned vessels.
CoinWorld news: The U.S. Treasury Department announced the issuance of an Iran-related general license permitting the offloading of cargo from certain sanctioned vessels.