The objections to this seem to fall into three categories: China, access to capital, and understanding biology.
China’s main advantage over the US is their speed. The US will never have as large a workforce or embrace the 996 mentality. Our best bet to compete is to use technology to give individual scientists increased leverage.
Biotech’s access to capital has historically gone through many boom and bust cycles. However, the number of approved drugs is not correlated with funding. In addition, AI should be helping save biotechs millions of dollars, reducing the cost to get into the clinic.
Finally, I agree AI still isn’t that good at biology. Unfortunately, humans aren’t great at understanding biology either. It doesn’t seem that helpful to say “the biggest problem facing biotech is that most of their drugs fail”. While true, there are more actionable statements.
All in all, I definitely have a bit of a hammer problem (everything looks like a nail), but have yet to be convinced by any of our cynical biotech friends away from my position
The biggest problem facing most biotechs today is lack of AI literacy