Industry spending on AI set to reach $3 billion by 2025

8 July 2022

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Research from life sciences analyst GlobalData suggests that industry spending on artificial intelligence (AI) could exceed $3 billion by 2025.

AI has been used for some time to power drug discovery, and advances in specific technologies, such as machine learning, have made greater use of digital tools possible in different parts of the industry.

In step with this, financing for AI-based companies has grown significantly, and the number of AI-based deals in pharma has grown exponentially.

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