other material
confidence high
sentiment positive
materiality 0.65
Ginkgo Bioworks partners with Google Cloud for AI biology tools; up to $56.3M funding
Ginkgo Bioworks Holdings, Inc.
- Five-year partnership to develop large language models for biology on Google Cloud's Vertex AI platform.
- Minimum annual cloud commitments: $8M (Y1), $28M (Y2), $54M (Y3), $86M (Y4), $113M (Y5).
- Google Cloud provides up to $56.3M in milestone-based cash funding over three years.
- Ginkgo intends to make Google Cloud its primary cloud services provider.
- First planned model: a foundation model for proteins, targeting drug discovery and biosecurity.