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Sanofi is investing $294 million to expand its AI Centre of Excellence in Toronto, creating 50 new jobs. The Government of Ontario is providing a conditional grant of up to $5 million for this initiative.

Sep 01, 20261 day ago
ParisBiotechnologyHealth CareMedicalPharmaceutical

Description

Sanofi announced its commitment of $294 million to grow the AI Centre of Excellence in Toronto, aiming to create 50 additional jobs by 2028. The Ontario government is contributing a conditional grant of up to $5 million to support the initiative. This expansion reinforces Sanofi's dedication to investing in AI talent in Ontario. The hub will focus on developing AI products to accelerate therapy research and clinical trial processes.

Company Information

Company

Sanofi

Location

Paris, Ile De France, France

About

LONDON--(BUSINESS WIRE)--Gyroscope Therapeutics Holdings plc (Gyroscope), a clinical-stage gene therapy company focused on diseases of the eye, today announced that Sanofi, a global biopharmaceutical company, has committed to invest up to USD $60.0 million (GBP £44.5 million) in equity in Gyroscope.

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