1 – https://finance.yahoo.com/quote/MSFT/history?p=MSFT (opening price of $243.08 on Jan3, 2023 to closing price of $430.30 on September 30, 2024)

2 – https://finance.yahoo.com/quote/META/history?p=META (opening prices of $122.82 on Jan3,2023 to cloasing price of $572.44 on Sep 30, 2024)

3 – https://finance.yahoo.com/quote/NVDA/history?p=NVDA (opening price of $14.31 on Jan3,2023 to closing price of $121.44 on Sep 30, 2024)

4 – https://www.weforum.org/agenda/2023/01/global-growth-story-of-the-21st-century-lse-grantham-systemiq-davos2023/

5 – https://www.globalbankingandfinance.com/artificial-intelligence-the-future-of-investment/

6 – https://www.pwc.co.uk/services/human-resource-services/insights/is-workforce-ready-for-ai.html

7 – https://sitn.hms.harvard.edu/flash/2020/modern-drug-discovery-why-is-the-drug-development-pipeline-full-of-expensive-failures/

8 – https://www.eidasolutions.com/the-pharmaceutical-industry-in-figures/

9 – https://vakilsearch.com/blog/what-is-the-most-profitable-pharmaceutical-drug-ever/

10 – https://www.drugdiscoverytrends.com/top-pharma-rd-spenders-2022/

11 – https://www.fiercebiotech.com/biotech/top-10-pharma-rd-budgets-2022

12 – https://www.policymed.com/2014/12/a-tough-road-cost-to-develop-one-new-drug-is-26-billion-approval-rate-for-drugs-entering-clinical-de.html

13 – https://www.pharmaceutical-technology.com/features/featurecounting-the-cost-of-failure-in-drug-development-5813046/

14 – https://www.fiercebiotech.com/special-reports/2022s-top-10-clinical-trial-flops

15 – https://www.biospace.com/article/phase-iii-flop-ends-sanofi-s-breast-cancer-serd-candidate/

16 – https://www.fiercebiotech.com/biotech/merck-co-bails-ngm-eye-disease-collab-wake-phase-2-fail

17 – https://finance.yahoo.com/news/pfizer-cuts-stage-asset-rare-174713321.html

18 – https://ftloscience.com/process-costs-drug-development/

19 – https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6609997/

20 -https://ftloscience.com/process-costs-drug-development/

21 – NetraMark Deck 2023, slide 11

22 – https://www.pfizer.com/science/clinical-trials/guide-to-clinical-trials/meet-people

23 – https://www.koreabiomed.com/news/articleView.html?idxno=21181

24 – https://www.prnewswire.com/news-releases/sanofi-accelerating-future-breakthroughs-through-clinical-trials—part-1-of-3-300647127.html

25 – https://www.statista.com/statistics/732997/number-of-registered-clinical-studies-worldwide/

26 – https://www.fiercebiotech.com/biotech/top-10-pharma-rd-budgets-2022

27 – https://www.weforum.org/agenda/2023/01/global-growth-story-of-the-21st-century-lse-grantham-systemiq-davos2023/

28 – https://eandt.theiet.org/content/articles/2023/01/money-markets-ai-is-the-investors-next-big-thing/

29 – https://www.forbes.com/sites/bernardmarr/2022/10/19/the-disruptive-economic-impact-of-artificial-intelligence/?sh=6257b0f940b7

30 – https://www.bbc.co.uk/news/business-65675027

31 – $148.51 open on January 3, 2023 to $424.13 close July 3, 2023.

32 – https://synthedia.substack.com/p/stability-ai-is-raising-funds-at

33 – https://www.statista.com/statistics/263102/pharmaceutical-market-worldwide-revenue-since-2001/

34 – https://www.pharmaceutical-technology.com/features/featurecounting-the-cost-of-failure-in-drug-development-5813046/