12 Best AI Stocks to Invest in According to Reddit

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7. Recursion Pharmaceuticals Inc. (NASDAQ:RXRX)

Number of Hedge Fund Holders: 21

Recursion Pharmaceuticals Inc. (NASDAQ:RXRX) is a clinical-stage biotechnology company that uses AI to decode biology and chemistry for drug discovery. It uses advanced technologies across multiple scientific disciplines to develop treatments for various diseases. These include cerebral cavernous malformation, neurofibromatosis type 2, and familial adenomatous polyposis.

The company’s AI-driven drug discovery platform focuses on creating a world model of biology by integrating data from 6.2 million weekly brightfield images and 1.6 million total transcriptomes. This refers to building an AI model of biological systems by combining extensive image and genetic data to understand and predict biological processes. This platform, which is powered by the BioHive-2 supercomputer, aims to accelerate drug development.

The recent Exscientia merger improved the company’s AI and reduced drug candidate identification time by 60%. It also increased bioactive compound detection by 2.5x, and cut cytotoxic compound identification by 40%. Recursion Pharmaceuticals Inc. (NASDAQ:RXRX) is using AI to build a detailed digital model of a cell by combining various types of biological data, including patient data from Tempus and Helix. The $45 million in payments they received from Roche and Sanofi shows that these major companies recognize the value of Recursion’s AI technology.

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