2023-07-12 09:22:29 ET
- Recursion ( NASDAQ: RXRX ) said on Wednesday that it had secured a $50M investment from Nvidia ( NVDA ), which was implemented as a private investment in public equity.
- RXRX shares more than doubled to $15.53 in premarket trading.
- "Recursion also announced plans to accelerate development of its AI foundation models for biology and chemistry, which, in collaboration with NVIDIA, it intends to optimize and distribute to biotechnology companies using NVIDIA cloud services," RXRX said in a statement .
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Recursion shares more than double after securing $50M investment from Nvidia