Business Intelligence

Verily, a subsidiary of Google parent company Alphabet, raised $1 billion in investment funding to support growth in strategic partnership investments, global business development opportunities and potential acquisitions, the company announced Jan. 3.

Amid widespread concerns about hacking threats and privacy, HHS and industry leaders released voluntary cybersecurity practices to help protect healthcare organizations from threats and keep patient information safe.

The AI in healthcare market is expected to grow from $2.1 billion in 2018 to $36.1 billion by 2025, according to a report by Markets and Markets.

The newly-formed Alliance for Artificial Intelligence in Healthcare will officially launch this month, with its first board meeting set for Jan. 9 in San Francisco.

Here are AI in Healthcare’s top 10 AI and clinical innovation stories from 2018.

John Giannandrea has been named Apple’s senior vice president of machine learning and AI strategy, the company announced Thursday.

Minnesota-based multinational conglomerate 3M has acquired speech recognition software developer M*Modal for $1 billion, according to a report by the Pittsburgh Post-Gazette. M*Modal provides healthcare technology and conversational AI-powered systems for transcribing doctors’ verbal notes.

Though the use of deep-learning techniques has the potential to change several areas of medicine, the technology faces numerous challenges before it can be applied more broadly, according to a viewpoint article published in JAMA Internal Medicine.

AI and big data to have the “greatest technology impact” in the pharmaceutical industry in 2019, according to a recent report by GlobalData.

Finding an electronic health record (EHR) system that works perfectly with a healthcare network’s preferred care delivery process is like finding a needle in a haystack. However, AI offers a solution to improve EHRs and make them more user-friendly for clinicians, according to the Harvard Business Review.

The MaxQ AI Intracranial Hemorrhage (ICH) platform will now be available through the EnvoyAI Exchange marketplace following a new distribution agreement between the two companies.

Before the true potential of new technologies like AI can be realized, the healthcare industry must first address health disparities and implicit bias many patients face, American Medical Association (AMA) President-Elect Patrice A. Harris, MD, said in a recent viewpoint article.