Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Nobel chemistry prize 2024 goes to trio of protein pioneers
    Top Stories

    Nobel chemistry prize 2024 goes to trio of protein pioneers

    Published by Jessica Weisman-Pitts

    Posted on October 9, 2024

    5 min read

    Last updated: January 29, 2026

    The featured image showcases the three winners of the 2024 Nobel Prize in Chemistry for their groundbreaking work in protein structure and design, highlighting advances in drug development.
    Three Nobel Prize winners in Chemistry 2024, pioneers in protein design - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationresearchfinancial communitytechnologyinvestment

    By Johan Ahlander, Niklas Pollard, Marie Mannes

    STOCKHOLM (Reuters) -U.S. scientists David Baker and John Jumper and Briton Demis Hassabis won the 2024 Nobel Prize in Chemistry on Wednesday for work on decoding the structure of proteins and creating new ones, yielding advances in areas such as drug development.

    Half the prize was awarded to Baker “for computational protein design” while the other half was shared by Hassabis and Jumper “for protein structure prediction”, said the Royal Swedish Academy of Sciences, which makes the award.

    Baker, 62, is a professor at the University of Washington, in Seattle, while Hassabis, 48, is CEO of Google DeepMind, the AI research subsidiary of Google, where Jumper, 39, also works as senior research scientist.

    Hassabis and Jumper utilised artificial intelligence to predict the structure of almost all known proteins, while Baker learned how to master life’s building blocks and create entirely new proteins, the award-giving body said.

    “It’s totally surreal to be honest, quite overwhelming,” Hassabis told Reuters, thanking DeepMind and Google, and his colleague Jumper.

    David Baker, we’ve got to know in the last few years, and he’s done some absolutely seminal work in protein design,” he said. “So it’s really, really exciting to receive the prize with both of them.”

    The award is the second this week given for work involving artificial intelligence, underscoring the growing importance of machine learning and large language models for science.

    “That’s always been my passion, but … it’s like any powerful general-purpose technology, it can be used for harm as well if put in the wrong hands and used for the wrong ends,” Hassabis said.

    The prize, widely regarded as among the most prestigious in the scientific world, is worth 11 million Swedish crowns ($1.1 million).

    ‘SPECTACULAR NEW PROTEINS’

    Baker said he was sound asleep when the Royal Swedish Academy of Sciences called.

    “The phone rang and they started telling me about the prize and my wife started screaming very loudly,” he told Reuters. “So it was a little chaotic at the beginning, but it was very exciting.”

    Baker said his work with designing new proteins was geared towards solving problems, looking at things like global warming and new diseases.

    If we have a lot of time to wait then new proteins might evolve to solve those problems,” he said. “What we have done with protein design is to discover how to make new proteins that can solve new problems.

    In 2003, Baker was able to use amino acids, often described as life’s building blocks, to design a new protein that was unlike any existing one, the academy said.

    That opened the door to the rapid creation of different proteins for uses in areas such as pharmaceuticals, vaccines, nanomaterials and even tiny sensors.

    “He developed computational tools that now enable scientists to design spectacular new proteins with entirely novel shapes and functions, opening endless possibilities for the greatest benefits to humankind,” Heiner Linke, chair of the Nobel Committee for Chemistry, said of Baker’s contribution.

    AI MODEL

    In 2020, Hassabis and Jumper presented an AI model called AlphaFold2. With its help, they have been able to predict the structure of virtually all the 200 million proteins that researchers have identified, the academy said.

    Among the scientific applications for the work, researchers can now better understand antibiotic resistance and create images of enzymes that can decompose plastic.

    “We could draw a straight line from what we do to people being healthy because of what we learn about biology in the cell and everything else, and it’s just extraordinary,” Jumper, the youngest chemistry laureate for more than 70 years, told the Nobel website.

    The third award to be handed out every year, the chemistry prize follows those for medicine and physics announced earlier this week.

    The Nobel prizes were established in the will of dynamite inventor and wealthy businessman Alfred Nobel and are awarded to “those who, during the preceding year, shall have conferred the greatest benefit to humankind.

    First handed out in 1901, 15 years after Nobel’s death, it is awarded for achievements in medicine, physics, chemistry, literature and peace. Recipients in each category share the prize sum that has been adjusted over the years.

    The economics prize is a later addition funded by the Swedish central bank.

    Past winners of the prize for chemistry, a discipline close to Alfred Nobel’s heart and the most applicable to his own work as an inventor, have included scientific greats such as radioactivity pioneers Ernest Rutherford and Marie Curie.

    Alongside the cash prize, the winners will be presented a medal by the Swedish king on Dec. 10, followed by a lavish banquet in Stockholm city hall. ($1 = 10.3632 Swedish crowns)

    (Reporting by Johan Ahlander, Niklas Pollard, Anna Ringstrom and Marie Mannes in Stockholm and Pavithra George in Washigton D.C; additional reporting by Terje Solsvik in Oslo, Jonathan Allen in New York and Martin Coulter in London; Editing by Alex Richardson and Andrew Heavens)

    Frequently Asked Questions about Nobel chemistry prize 2024 goes to trio of protein pioneers

    1What is computational protein design?

    Computational protein design is a method used to create new proteins by utilizing computer algorithms to predict protein structures and functions.

    2What is artificial intelligence?

    Artificial intelligence (AI) is a branch of computer science that aims to create systems capable of performing tasks that typically require human intelligence.

    3What are amino acids?

    Amino acids are organic compounds that serve as the building blocks of proteins, playing a crucial role in biological processes.

    4What is drug development?

    Drug development is the process of bringing a new pharmaceutical drug to the market after successful discovery and preclinical testing.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostRatan Tata, who put India’s Tata Group on the global map, dies at 86
    Next Top Stories PostNorway’s Equinor remains committed to Tanzania LNG project