Today in AI is a daily recap of the latest news and developments in the AI industry. See your story and want to be featured in an upcoming episode? Reach out at tonyphoang.com Google's cloud division is now allowing clients to run Gemini AI models within their own data centers, which enhances both data security and operational efficiency. This initiative, in collaboration with Nvidia, provides significant advantages such as cost savings, advanced AI capabilities, and adherence to regulatory requirements. This development enables organizations to utilize cutting-edge technology while maintaining control over their data, ensuring compliance with regulatory frameworks and benefiting from the latest AI advancements. The European Union has introduced the AI Continent Action Plan to bolster its AI industry by creating AI gigafactories and investing €200 billion to drive innovation and economic growth. This plan includes strict regulations under the AI Act to ensure safety, transparency, and public trust. By promoting a competitive and inclusive AI ecosystem, the EU aims to become a global leader in AI technology while upholding high standards of ethical and responsible AI development. Isomorphic Labs, a spin-off from Google DeepMind, is using the advanced AI system AlphaFold2 to revolutionize drug discovery and address diseases like Alzheimer's, Parkinson's, and cancer. With substantial investments and partnerships with pharmaceutical giants such as Eli Lilly and Novartis, the startup seeks to streamline the drug development process, reduce costs, and improve patient outcomes. Their mission is to transform the pharmaceutical industry and tackle some of the most challenging health issues using advanced AI technology.