venture capital Venture Megadeals Surge as Biotech Outpaces AI in Late-Stage Funding Despite a high rate of down rounds, U.S. startups see a boom in $100 million-plus funding rounds in 2024. Surprisingly, biotech and healthcare lead the mega-deal categories, surpassing artificial intelligence.
openai OpenAI's Whisper Transcription Tool Found to Fabricate Text Regularly Researchers discover that OpenAI's Whisper audio transcription tool frequently hallucinates, adding false information like racial commentary and fake medical treatments to transcripts.
cancer Cancer AI Alliance Raises $40M to Unite Top Medical Institutions Four leading cancer centers form the Cancer AI Alliance with $40 million in backing to break down data silos using federated learning.
venture capital Healthcare and AI Sectors Dominate $23 Billion in July Venture Funding Venture funding totals over $23 billion in July 2024, with healthcare and artificial intelligence companies capturing half of all investments. Notable financial moves include a massive $900 million round for legal tech firm Clio and the year's largest IPO from Lineage Logistics.
nvidia Nvidia Targets Healthcare Industry With New AI Partnerships and Tools Nvidia expands into the healthcare sector through new partnerships with Johnson & Johnson and GE Healthcare, alongside the launch of two dozen AI-powered medical tools. Industry experts note that generative AI offers tangible benefits for drug discovery and medical technology.
microsoft Microsoft and Epic Team Up to Integrate GPT-4 Into Healthcare Records Microsoft and Epic Systems are partnering to bring OpenAI's GPT-4 into electronic healthcare records via the Azure AI platform. The integration aims to reduce administrative burdens and improve patient care by automating complex clinical workflows.
aiims Major Ransomware Attack Disrupts Healthcare at India's Largest Public Hospital A suspected ransomware attack cripples computer systems at AIIMS in New Delhi, forcing doctors to rely on handwritten notes and causing severe delays in patient care. Government agencies and law enforcement are actively investigating the breach and working to restore data from backups.
rif robotics RIF Robotics Builds AI System to Organize Surgical Equipment RIF Robotics develops an AI-driven robotic arm that identifies, classifies, and organizes surgical tools to save hospitals time and money. The startup aims to relieve healthcare workers of tedious sterile processing tasks so they can focus on patient care.
touchlab Scottish Startup Brings Robotic Skin Sensors to Understaffed Hospitals Touchlab is piloting its ultra-thin robotic skin in hospital settings to enable remote patient care through teleoperated robots. The technology allows human operators to feel pressure and 3D forces via haptic suits.
ai French Biotech WhiteLab Genomics Raises $10M for AI Gene Therapy Platform WhiteLab Genomics secures $10 million to expand its AI platform that helps scientists design gene and cell therapies through predictive simulations. The technology aims to replace costly trial-and-error methods by predicting the best molecular designs for treating genetic disorders.
verily Alphabet's Verily Secures $1 Billion to Advance Precision Healthcare Alphabet's life sciences arm Verily raises $1 billion to expand its personalized healthcare products and undergoes a major executive leadership transition.
amazon Amazon's One Medical Acquisition Signals Big Tech's Healthcare Push Amazon expands its healthcare footprint by acquiring One Medical and adding mental health services, aiming to reinvent the patient experience. Industry experts view the move as a strong validation for health-tech startups despite mixed reactions.
oracle Oracle Officially Closes Landmark Cerner Acquisition Oracle finalizes its massive purchase of healthcare technology company Cerner after securing a majority of outstanding shares. The deal positions Oracle to make a major push into the healthcare industry.
oracle Oracle Finalizes $28 Billion Cerner Acquisition to Expand Healthcare Reach Oracle officially closes its massive $28 billion purchase of electronic health records company Cerner, marking a major push into the healthcare technology market.
mit technology review MIT Technology Review Highlights Top 10 Breakthroughs of 2022 MIT Technology Review unveils its annual list of groundbreaking innovations, featuring major leaps in healthcare, energy storage, and digital security. These emerging technologies promise to solve some of the world's most persistent challenges.