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German company Lilium produces flying electric passenger drones.

Lilium

Shares of Lilium tanked Thursday after the air taxi firm said in a filing that its two main subsidiaries will file for insolvency in the coming days.

The German aerospace startup’s shares plunged more than 60% before paring losses to 45% following the news.

In a U.S. regulatory filing, Lilium — which is listed on the Nasdaq — said it had not been able to raise sufficient additional funds to continue the operations of Lilium GmbH and Lilium eAircraft GmbH, the firm’s two main subsidiaries.

As a result, the heads of these subsidiaries “determined that they are overindebted … and are or will become unable to pay their existing liabilities due … within the next few days,” Lilium said.

“The management of the Subsidiaries has informed the Company that they have to file for insolvency under German law and in doing so will apply for self-administration proceedings in Germany,” it added.

It comes after Lilium tried and failed to convince the federal government in Germany to supply it with state support. Lilium was seeking to raise 50 million euros ($54 million) of loans from the state coffers, however its request was rejected by lawmakers.

In all, Lilium was trying to raise a convertible loan of 100 million euros. The proposed state aid would have been issued by KfW, the German state-owned development bank.

After being rejected by the federal government, Lilium continued separate conversations with the state of Bavaria in southeast Germany. It was seeking to raise at least 50 million euros from the Bavarian state.

However, on Thursday, Lilium said it had “not reached an agreement in principle” with Bavaria.

Once they have filed for insolvency, the subsidiaries will generally not have to repay any pre-application debt, Lilium said, adding that creditors typically will be “prohibited from foreclosing against the companies on any claims they may have.”

The subsidiaries’ planned insolvency filings could result in Lilium ultimately delisting from the Nasdaq Global Select Market, or having its shares suspended.

This is a breaking news story and will be updated shortly.

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Anthropic launches Claude Life Sciences to give researchers an AI efficiency boost

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Anthropic launches Claude Life Sciences to give researchers an AI efficiency boost

Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.

Gerry Miller | CNBC

Anthropic on Monday announced Claude for Life Sciences, a new offering for researchers to use the company’s artificial intelligence technology in the advancement of scientific discovery. 

Claude for Life Sciences is built around Anthropic’s existing AI models, but supports new connections with other scientific tools that are commonly used in labs during research and development.

It will be able to help researchers through all stages of the discovery process, from carrying out literature reviews to developing hypotheses, analyzing data, drafting regulatory submissions and more, Anthropic said.

The launch of Claude for Life Sciences marks Anthropic’s first formal entry into the sector, and comes just months after the company hired longtime industry executive Eric Kauderer-Abrams as its head of biology and life sciences. 

“Now is the threshold moment for us where we’ve decided this is a big investment area,” Kauderer-Abrams told CNBC in an interview. “We want a meaningful percentage of all of the life science work in the world to run on Claude, in the same way that that happens today with coding.”

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Anthropic, which is one of the companies at the center of the AI boom, develops a family of large language models called Claude. It was founded in 2021 by a group of former OpenAI executives and researchers, and its valuation has swelled to $183 billion in just four years.

The company launched a new model, Claude Sonnet 4.5, late last month and said it is “significantly better” at life sciences tasks like understanding laboratory protocols.  

Kauderer-Abrams said researchers have already been engaging with Anthropic’s models to help with isolated parts of the scientific process, so the company decided to formally build out Claude for Life Sciences as a way to support them from start to finish. 

That meant Anthropic had to establish integrations with key players in the life sciences ecosystem, including Benchling, PubMed, 10x Genomics and Synapse.org, among others. Anthropic has also partnered with companies that can help life sciences organizations adopt AI, like Caylent, KPMG, Deloitte, and cloud providers AWS and Google Cloud, the company said.

“We’re willing and enthusiastic about doing that grind to make sure that all the pieces come together,” Kauderer-Abrams said.

In a prerecorded demo, Anthropic showed how a scientist working on preclinical studies could use Claude for Life Sciences to compare two study designs that test different dosing strategies. 

The scientist was able to query her lab’s data directly from Benchling, generate a summary and tables of key differences with links back to the original material. After reviewing the results, the scientist generated a study report that could be included in a regulatory submission. 

Anthropic said an analysis like this used to require “days” of validating and compiling information, but now, it can be done in minutes. 

Kauderer-Abrams said the company believes AI can bring about real efficiency gains for the life sciences sector, but it’s also under “no illusions” that it will magically overcome the physical limitations of conducting scientific research. Clinical trials that take three years are not suddenly going to take one month, he said.

Instead, Anthropic is focused on exploring the time-consuming, expensive parts of the discovery process “piece by piece” to determine where AI could be most useful.

“We’re here to make sure that this transformation happens and that it’s done responsibly,” Kauderer-Abrams said.

WATCH: Anthropic launches Claude Sonnet 4.5, its latest AI model

Anthropic launches Claude Sonnet 4.5, its latest AI model

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