industry on The Soothsayer / page 4

OpenAI Faces Safety Concerns as Another Top Researcher Departs

OpenAI, a leading artificial intelligence startup, has lost another top researcher, Lilian Weng, who served as Vice President of Research and Safety. Weng’s departure marks the latest in a string of AI safety researchers and executives who have left the company in the past year, raising concerns about OpenAI’s focus on commercial products over AI…

Breakthrough in Chemistry: Scientists Synthesize Unstable Molecules

Chemists have successfully synthesized anti-Bredt olefins (ABOs), a class of molecules previously thought too unstable to exist. This breakthrough offers a new path to synthesizing challenging drug candidates and could lead to innovative synthesis pathways for other complex molecules. Forecast for 6 months: Expect increased research and development in the field of organic chemistry, with…

Lithuania’s Biotech Boom: A New Era of Innovation

Lithuania’s life sciences industry is experiencing a significant boom, with over 550 biotech companies and a growing number of startups. The country is home to several promising ventures, including Atrandi Biosciences, Biomatter Designs, CasZyme, Delta Biosciences, Genie Biotech, and Vital3D, which are pushing the boundaries of protein engineering, gene editing, and microfluidics. This growth is…

European Biotech Companies to Watch: Trends and Forecasts

The biotech industry in Europe is experiencing significant growth, with numerous trends shaping the sector. A list of top European biotech companies that have received sizable seed funding in the past year has been compiled, highlighting companies that are directing funds towards research and development (R&D) programs in various therapeutic areas. The industry is witnessing…

Immunology Biotech Companies Attracting Record Investment

The biopharma industry is witnessing a surge in investment in the immunology field, with over 10 buyouts of immunology and inflammation (I&I) drug developers this year. Several biotech companies have raised impressive funds to advance the development of their immunology-related research and development (R&D). These companies are working on innovative treatments for various diseases, including…

Elon Musk’s New Role: A Game-Changer for Business and Space Exploration?

Elon Musk, the billionaire CEO of Tesla and SpaceX, has taken a sharp swing to the right by supporting President-elect Donald Trump. This unexpected move could have significant implications for Musk’s businesses, including Tesla, SpaceX, and X, as well as the future of government spending and space exploration. With Trump promising Musk a key role…

FTC Takes Aim at Neobank Dave Over Misleading Marketing and Hidden Fees

The Federal Trade Commission (FTC) has announced that it will be taking action against the online cash app and neobank Dave, citing misleading marketing and hidden fees. The FTC claims that Dave’s marketing implied that its cash advances would be “instant,” without disclosing the fees involved until after the consumer completed the sign-up process. The…

EU Opens Antitrust Probe into Corning, Maker of Gorilla Glass

The European Union has opened an investigation into Corning, the US manufacturer of Gorilla Glass, over possible anti-competitive practices. The probe is focused on Corning’s dominant position in the global supply of protective glass screens for handheld electronic devices. If the EU finds Corning guilty, it could face penalties of up to 10% of its…

BP’s Hydrogen Halt: A Chill for the Clean Energy Sector?

Oil giant BP has announced the cancellation of 18 early-stage hydrogen projects, sparking concerns about the future of the nascent industry. This move is expected to have a significant impact on the development of green hydrogen, which has the potential to reduce carbon pollution in various industries. The decision is seen as a setback for…

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