German Drugmaker BioNTech To Buy AI Startup InstaDeep In $680M Deal

BioNTech, a German drugmaker, is making its biggest acquisition ever. It has agreed to buy InstaDeep, an artificial intelligence (AI) startup based in the United Kingdom, in a deal worth £562mn ($683mn). The company will pay £362mn in cash upfront and up to £200mn more if InstaDeep meets specific milestones. BioNTech is an existing investor … Continue reading German Drugmaker BioNTech To Buy AI Startup InstaDeep In $680M Deal