US Treasury tightens rules on China tech investment, targets AI, hypersonics, biotech
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Pathos, an AI-driven drug discovery company, raised $237 million, bringing its valuation to $3 billion. The deal combines Tempus's large dataset, Pathos's AI analysis, and Bristol Myers Squibb's drug development capabilities, signaling continued investor appetite for AI in pharma. The funding round underscores the strategic integration of AI and biotech, though the specific therapeutic focus and clinical milestones remain undisclosed.
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