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Chai Discovery raises $400 million to value it at $3.8 billion
The funding highlights investor demand for AI applied to drug discovery and related R&D challenges.
Chai Discovery, an AI-focused drug discovery startup, raised $400 million in new funding, valuing the company at $3.8 billion, according to NYT Business.
The report says the deal underscores continued investor interest in applying artificial intelligence to problems such as drug discovery.
NYT Business frames the financing as part of a broader push toward using AI tools to accelerate research workflows in the drug development process.
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