By Chris Wack

Ginkgo Bioworks shares were up 10% to $1.98 in premarket trading after the company entered a five-year strategic cloud and AI partnership with Google Cloud, intended to enable Ginkgo to develop and deploy AI tools for biology and biosecurity.

Under the strategic partnership, Ginkgo will work to develop new, state-of-the-art large language models running on Google Cloud's Vertex AI platform across genomics, protein function, and synthetic biology.

Ginkgo intends to make Google Cloud its primary cloud services provider, significantly increasing its next-generation cloud computing resources. In addition, Google Cloud will provide funding to help Ginkgo achieve certain milestones over the next three years.

Ginkgo and Google Cloud anticipate fueling a number of new Ginkgo offerings and initiatives through the collaboration.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

August 29, 2023 09:46 ET (13:46 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Alphabet Charts.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Alphabet Charts.