• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechAI

Google DeepMind leaders Hassabis and Jumper win Nobel Prize for Chemistry

By
David Meyer
David Meyer
and
Jeremy Kahn
Jeremy Kahn
Down Arrow Button Icon
By
David Meyer
David Meyer
and
Jeremy Kahn
Jeremy Kahn
Down Arrow Button Icon
October 9, 2024, 8:24 AM ET
Photo of DeepMind CEO Demis Hassabis (left) and DeepMind researcher John Jumper standing in tuxedos at an award ceremony.
DeepMind CEO Demis Hassabis (left) and John Jumper, a DeepMind researcher who led the company's efforts to build AI models that could predict protein structures, shared the Nobel Prize for Chemistry, along with David Baker from the University of Washington. Here Hassabis and Jumper are pictured accepting an award onstage during the 10th Breakthrough Prize Ceremony at the Academy of Motion Picture Arts and Sciences on April 13, 2024 in Los Angeles, California. Lester Cohen—Getty Images for Breakthrough Prize

Google suddenly finds itself with two Nobel laureates on its staff.

On Wednesday, the Royal Swedish Academy of Sciences announced that Demis Hassabis and John Jumper are recipients of this year’s Nobel Prize in Chemistry. Hassabis is the CEO of Google’s DeepMind AI unit, while Jumper is a director there.

The pair received the award for their work on the AlphaFold 2 AI model, which in 2020 stunned the scientific world with its ability to correctly predict the structure of almost all known proteins from their DNA sequences. Previously, computer software was much less accurate at predicting protein structures, while imaging methods to discover the shape of proteins were time-consuming and costly.

This breakthrough was hugely impactful since proteins are the engines behind most biological processes, with their shape determining their function. Among other things, being able to predict the shape of a protein unlocks better understanding of disease and could enable researchers to more quickly develop new drugs.

AlphaFold 2 helped solve an almost 50-year grand challenge in biology first raised by Nobel laureate chemist Christian Anfisen, who in 1973 suggested that it should be possible to determine a protein’s structure from its DNA sequence alone.

“Since their breakthrough, AlphaFold 2 has been used by more than two million people from 190 countries,” the Academy said in a statement. “Among a myriad of scientific applications, researchers can now better understand antibiotic resistance and create images of enzymes that can decompose plastic.”

AlphaFold 2 has also been used to help researchers find potential treatments for neglected tropical diseases, such as Chagas Disease, which afflicts millions of people in less developed countries, as well as to explore the structure of the pores that allow material to pass to and from the nucleus of cells.

“I’ve dedicated my whole life to advancing AI because I really believe in the potential it has to improve the lives of billions of people,” said Hassabis in a Wednesday press conference, while proposing that the AlphaFold 2 breakthrough would be seen as the “first proof point” of this potential.

“It’s so incredible and so unreal at this moment,” said Jumper in the press conference. “This prize represents the promise of computational biology… that we’re ultimately going to make people healthy because of the work we do with AI.”

Hassabis said the call from Sweden had been delayed by the fact that the Academy didn’t have either recipient’s phone number. “They managed to get hold of my wife’s number, and they called her on Skype or something, and she put it down several times and they kept persisting,” he recounted.

Hassabis and Jumper share this year’s award with David Baker, a scientist at the University of Washington, who pioneered the creation of entirely new proteins two decades ago. Baker gets half the prize money of 11 million Swedish kronor ($1.06 million), while the DeepMinders get a quarter each.

“This is a monumental achievement for AI, for computational biology, and science itself,” the DeepMind team posted on X.

It’s clearly a big year for AI at the most prestigious scientific awards. The Nobel Prize for Physics was on Tuesday given to Geoffrey Hinton and John Hopfield for their work in the development of artificial neural networks—the foundation of today’s AI systems, including AlphaFold 2.

Hinton was also a leading figure in Google’s AI efforts as part of its Brain unit (which developed the transformer deep-learning technology that enables today’s generative AI). Shortly after Google merged the Brain unit with DeepMind in April last year, Hinton quit so he could warn the world of AI’s risks.

Hinton and Jumper’s award was controversial among some physicists, who saw the links between their field and AI as tenuous. The framing of Wednesday’s chemistry Nobel is far clearer, rewarding the development of a specific AI tool that is rapidly transforming biological research.

Since its initial work on AlphaFold 2, DeepMind has continued to make advances in biology. AlphaFold 3, a sucessor model to AlpahFold 2, can predict the structures and interactions of not just proteins, but other molecules found in living things too. Last month, it unveiled AlphaProteo, a system that provide recipes for synthetic proteins that will bind with any given target molecule. This could become a key tool for drug development. It has also debuted AlphaMissense, an AI model that can predict the effect of various mutations in human DNA.

Hassabis is the cofounder of DeepMInd, which has as its mission the creation of AGI, or artificial general intelligence, a single AI system that would be as smart as a human. He has been fascinated with the idea of protein folding since his days as a student at the University of Cambridge. Google acquired DeepMind in 2014, but Hassabis remained CEO of the separate unit and he continues to lead the merged Google DeepMind research division.

Jumper, who initially trained as a physicist, began working on computation biology at D.E. Shaw Research in New York. He later got a Ph.D. in computational biophysics from the University of Chicago. When DeepMind began working on trying to crack Anfinsen’s protein folding problem, it hired Jumper to lead the team working on what became AlphaFold. Jumper continues to lead a group within DeepMind that is researching AI methods related to proteins and other biology questions.

Fortune Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Fortune Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By David Meyer
LinkedIn icon
See full bioRight Arrow Button Icon
Jeremy Kahn
By Jeremy KahnEditor, AI
LinkedIn iconTwitter icon

Jeremy Kahn is the AI editor at Fortune, spearheading the publication's coverage of artificial intelligence. He also co-authors Eye on AI, Fortune’s flagship AI newsletter.

See full bioRight Arrow Button Icon

Latest in Tech

Sarandos
Big TechMedia
Netflix’s bombshell deal to buy Warner Bros. brings Batman and Harry Potter to the big red streamer and infuriates theater owners and the Ellisons
By Nick LichtenbergDecember 5, 2025
2 minutes ago
SuccessCareers
Elon Musk and Bill Gates warn that AI will kill all jobs within 20 years. ‘That’s not what we’re seeing,’ LinkedIn exec says
By Orianna Rosa RoyleDecember 5, 2025
18 minutes ago
Netflix
Big TechNetflix
Netflix lines up $59 billion of debt for Warner Bros. deal
By Natalie Harrison, Janine Panzer and BloombergDecember 5, 2025
2 hours ago
Sarandos
Arts & EntertainmentMedia
Netflix to buy Warner Bros. in $72 billion cash, stock deal
By Lucas Shaw, Michelle F. Davis and BloombergDecember 5, 2025
2 hours ago
NewslettersTerm Sheet
Four key questions about OpenAI vs Google—the high-stakes tech matchup of 2026
By Alexei OreskovicDecember 5, 2025
3 hours ago
Facebook CEO Mark Zuckerberg adjusts an avatar of himself during a company event in New York City on Thursday, Oct. 28, 2021. (Photo: Michael Nagle/Bloomberg/Getty Images)
NewslettersFortune Tech
Meta may unwind metaverse initiatives with layoffs
By Andrew NuscaDecember 5, 2025
4 hours ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
1 day ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
23 hours ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
23 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
22 hours ago
placeholder alt text
Economy
Tariffs and the $38 trillion national debt: Kevin Hassett sees ’big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’
By Nick LichtenbergDecember 4, 2025
21 hours ago
placeholder alt text
Health
Bill Gates decries ‘significant reversal in child deaths’ as nearly 5 million kids will die before they turn 5 this year
By Nick LichtenbergDecember 4, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.