AI in Drug Discovery

It takes over 10 years to bring a new drug to the market. As of 2014, according to Tufts Center for the Study of Drug Development (CSDD), the cost of developing a new prescription drug that gains market approval is approximately $2.6 billion.

More Tech Regulations: How Countries are Preparing to Limit the Power of Big-Tech

$7.5 trillion: That’s the combined market capitalisation of the five big-tech companies — Alphabet, Amazon, Apple, Microsoft, and Facebook — at the end of 2020, according to the Wall Street Journal

If these five big-tech companies were a country, it would have been the world’s third-largest economy, just behind the United States (2019 Nominal GDP in Current U.S. Dollars: $21.43 trillion) and China (2019 Nominal GDP in Current U.S. Dollars: $14.34 trillion)

McKinsey’s Nine Imperatives: Building ‘future-ready’ organizations

Tesla made a radical decision to open-source its patents and encourage other companies to use its intellectual property. Tesla recognized that it couldn’t grow without partners that would build charging stations and offer services to create the infrastructure to support electric vehicles. By putting itself at the centre of a burgeoning ecosystem of partners, Tesla laid the groundwork for its own explosive growth.