ByteDance’s AI-Driven Drug Discovery Launches Spin-Off and Fundraising, Heralding AI4S’s Transition into Industrialization
2 day ago / Read about 0 minute
Author:小编   

36Kr has obtained exclusive information indicating that ByteDance’s AI-driven drug discovery division has officially initiated its spin-off process and is now seeking independent funding. Following the spin-off, ByteDance will maintain a majority stake in the newly formed entity, which will fully incorporate the core AI drug discovery team, algorithms, technological platforms, and existing pipeline assets. The new company will continue to benefit from computational support provided by Volcano Engine and will be primarily managed by the original ByteDance AI drug discovery team.