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☆ Chip giant Nvidia wants to bring robots to the hospital
▼ + stars: | 2024-11-04 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

Nvidia wants to bring "physical AI" to hospitals, with robots for X-rays, linen delivery, and more. AdvertisementNvidia is digging deeper into healthcare — and the tech giant has big ambitions to bring AI to every part of the hospital. "This physical AI thing is coming where your whole hospital is going to turn into an AI," Powell told BI. Physical AI is getting more sophisticated for real-time surgeries, too. But Nvidia sees robots being used far beyond the operating room — including to monitor a patient for falls in their hospital room, or bring them fresh linens, Powell said.

Persons: —, Healthcare Kimberly Powell, Powell, III, Nvidia doesn't, Abridge Organizations: Nvidia, Service, Healthcare, University of Florida Health, Mayo Clinic, AP, Inc, Catalyst, Microsoft Locations: Las Vegas, Florida, Abridge, HLTH

☆ Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
▼ + stars: | 2024-10-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.

Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia

☆ Hinge Health is shooting for profitability in 2024 as the physical-therapy startup prepares for an IPO
▼ + stars: | 2023-10-16 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +1 min

Hinge Health is preparing for an initial public offering once market conditions become favorable. CEO Daniel Perez said Hinge Health projects it will hit a cash flow break-even in 2024. The digital musculoskeletal therapy startup is now looking for smaller companies to acquire. After Hinge Health raised $300 million in Series D funding in January 2021, CEO Daniel Perez told Reuters that the startup hoped to go public in 2022. That was before interest rates soared and the economy slumped and closed the IPO window for healthcare startups that planned to make their public-market debuts.

Persons: Daniel Perez, Perez Organizations: Reuters Locations: Las Vegas

☆ The cost of hot new weight-loss drugs could put some companies out of business, Blackstone exec warns
▼ + stars: | 2023-10-13 | by ( ) www.businessinsider.com time to read: +5 min

Execs at a healthcare conference debated whether employers should pay for workers' weight-loss drugs. A Blackstone exec warned that the costly GLP-1 drugs could put some employers out of business. Panelists agreed that companies covering the drugs should do so as part of a broader support program. Andreas Mang, the CEO of Equity Healthcare, a division of Blackstone, said spending on these diabetes and weight-loss drugs, known as GLP-1 agonists, spiked 600% across Blackstone's portfolio in the last four years. The benefits firm Aon recently projected that employers' health-insurance costs will climb 8.5% next year, fueled in part by weight-loss drugs.

Persons: Blackstone, Andreas Mang, they're, Melynda Barnes, Lucia Guillory, Li Shao, Shao, Omada, We've, They're Organizations: Blackstone, Equity Healthcare, GLP, Getty, Wei, Omada, Pharmaceutical Locations: Las Vegas, Europe

☆ Microsoft announces new AI tools to help doctors deliver better care
▼ + stars: | 2023-10-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Microsoft said the new tools will help eliminate the "time-consuming" process of searching through these sources one by one. He said consolidating disparate data will ultimately help health systems improve care and see more patients. "The current state of technology and Microsoft Fabric and Azure and generative AI, all of that, it's going to change the way we live. And it's probably one of the best shots that we have to solve some of the biggest problems we have within health care," he said. Zoom In Icon Arrows pointing outwards Microsoft's new patient timeline modelNew Azure AI health tools

Persons: Satya Nadella, Stephen Brashear, Arthur Health, Doug King, King Organizations: Getty, Microsoft, Deloitte, Northwestern Medicine, Arthur, CNBC Locations: Bellevue , Washington, Las Vegas, Northwestern

☆ As Covid-testing business drops, Abbott searches for new line of business with consumer wearables
▼ + stars: | 2023-10-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Abbott Laboratories CEO Robert Ford took the stage at the HLTH conference in Las Vegas on Tuesday to discuss the company's expansion into a new market: consumer wearables. For instance, Abbott produces a continuous glucose monitor (CGM) called FreeStyle Libre that patients can use to manage their diabetes. Abbott's most recent model, the FreeStyle Libre 3, can measure glucose levels in real time for up to 14 days. FreeStyle Libre alone generated more than $1.3 billion in sales for Abbott during its second quarter, according to the company's earnings report. "We always believed that we could take this platform that we developed for diabetes and expand it beyond diabetes," Ford said.

Persons: Robert B, Ford, Robert Ford, Abbott, Covid, Margaret Kaczor Andrew, William Blair, CNBC's Erin Black, Lingo Organizations: Abbott, Libre, wearables Locations: Vegas, Las Vegas , Nevada, Las Vegas, U.S

☆ 3 statistics that show how quickly one of the hottest areas of healthcare plunged into a downturn
▼ + stars: | 2023-01-24 | by ( Sarah Braner | ) www.businessinsider.com time to read: +2 min

Digital-health startups saw a big downturn in 2022, as funding decreased by 57% compared to 2021. Telehealth funding in particular tumbled by $10 billion. Sign up for our newsletter to get the latest healthcare news and analysis — delivered weekly to your inbox. Funding for digital-health startups slumped to $25.9 billion in 2022, a 57% decrease from 2021's record, an end-of-year report from CB Insights found. Digital-health funding surged amid the coronavirus pandemic, fueled by easy access to funds and investor optimism for how technology could reshape healthcare.

☆ Here's why digital health experts think a slowdown in record funding will benefit the industry
▼ + stars: | 2022-11-18 | by ( ) www.businessinsider.com time to read: +4 min

Digital health funding has cooled off after reaching record levels in 2021, as interest rates rise. The frenzied digital health market has finally chilled out. But there's a silver lining to the cooldown, digital health experts said during a panel at the HLTH conference in Las Vegas on Tuesday. "It was exciting and manic and lots of great ideation and creation, but totally ridiculous," Jonathan Bush, founder and CEO of the startup Zus Health, said of digital health funding at its height. Funding in digital health tumbled to $12.6 billion as investors contended with rising interest rates amid a market downturn.

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