Leaders in Pharmaceutical Business Intelligence (LPBI) Group

The Future of Synthetic Biology

Reporter: Irina Robu, PhD

With an estimated global evaluation of around $14 billion US, synthetic biology is a rapidly accelerating market. Nonetheless while the growth of the market has been remarkable, the ttrue impact has not yet been seen. The era of AI will quickly increase the pace of discovery, and produce materials not seen in nature, through extrapolation and generative design. The extraordinary is now possible: producing spider silk without spiders, egg proteins without chickens and fragrances without flowers.

Synthetic biology companies are associating with fashion designers as well as forming ‘organism foundries. Rapidly, AI will utilize its learning of the natural world to make guided inferences which produce entirely new materials. From a technology perspective, we’re experiencing an explosion of capability that will be invasive in the next 3-5 years. Language models have come a long way, to the point where full models are being kept private so as not to endanger the public.

Already today, the average person has the ability to start their own commercial space venture for less than the cost of a juice franchise. PwC Australia’s Charmaine Green believes secret trends can hide among obvious ones. She outlines three trends leading to her hypothesis that Australia is well placed to become the global creative hub for video game development.

Economies like Australia are situated to capitalize on this trend, and video game development can become a permanent and substantial part of the economy. In Australia, Green argues, we have all the basic elements needed: high ingenuity, creative risk taking, and the freedom and flexibility that comes with the country’s small-to-mid studios.

SOURCE

Tech trends that will change the world by 2025