Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can

use right now. That's why the world works with ServiceNow. Visit ServiceNow.com

slash UK slash AI for people. Welcome to Tech News briefing. It's Monday, March 17th. I'm Shara Tipkin for the Wall Street Journal.

Federal funding cuts are putting the bioscience industry at risk. What do these cutbacks mean for the future of drug development in the U.S.?

Then, DeepSeek shook up the world of artificial intelligence when it introduced its chatbide.

But that doesn't mean it's ready to take on investors.

Our reporter Rebecca Feng explains why the Chinese startup isn't in a hurry to get outside investment.

But first, the bioscience industry is facing federal funding cuts.

As part of the Trump administration's efforts to save money, it's freezing grants that universities

count on to fund their research.

Courts have blocked the cuts, but it's still causing uncertainty in the bioscience industry.

And that uncertainty could threaten drug development and the U.S.'s leadership in the fields.

Stephen Rosenbush, Bureau Chief of the Journal's Enterprise Technology Group, joins us now with more.

Stephen, how does funding usually work?

I spoke to researchers at the University of Washington in the biochemistry department,

which includes the Institute for Protein, design one of their chief investigators,

David Baker won a Nobel Prize for his work last year, designing proteins, not found in nature.

This group relies on the government for around

90% of its funding. Typically, these grants are paid to support research projects that can go on

for four or five years. Then they may conclude or they may renewed for another four or five years.

So these programs are functioning now, but there's a lot of uncertainty.

How are universities adapting?

...