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From Eye Scans to Drug Design, AI Takes on Healthcare
Artificial intelligence is making waves across the medical field, with new studies showing promise in predicting eye treatment complications, analyzing heart MRIs, and even designing RNA-based drugs. While specialized healthcare AI models demonstrate potential, research also cautions against relying on general-purpose AI chatbots for clinical decision-making, highlighting the need for...
FIS Launches Small Business Lending Solution for Banks
FIS launched a solution designed to help banks source, underwrite and fund loans to small- to medium-sized businesses (SMBs). The new SMB Digital Lending solution was created in partnership with small business financial solutions technology platform Lendio, FIS said in a Tuesday (July 16) press release. “By partnering with Lendio,...
Predictive AI Company SymphonyAI Aims for 2025 IPO
Artificial intelligence firm SymphonyAI is reportedly planning to go public next year. The company, whose predictive and generative AI tools can help financial services firms spot fraud and retail companies gain insights into supply chains, is in talks with banks about an initial public offering (IPO), CEO Sanjay Dhawan told Reuters Tuesday (July 16).
AI Opportunities, Cyber Vulnerabilities Define UnitedHealth’s Latest Earnings
In February, UnitedHealth Group Inc.’s Change Healthcare unit suffered a far-reaching cyberattack. Per remarks by UnitedHealth’s executives on Tuesday’s (July 16) second-quarter earnings call, the impact of the Change Healthcare attack is still ongoing, with its related costs continuing to snowball to over a billion dollars to date, with expectations of the attack’s fallout on UnitedHealth’s bottom line for the full fiscal year topping $2.3 billion.
Aggregators Take on Vacation Season With Travel Offerings
As the vacation season heats up, on-demand delivery aggregators are expanding their horizons with tailored travel offerings, aiming to capture consumers’ excitement to get out of dodge. DoorDash, for instance, is using customers’ wanderlust to drive enthusiasm for its paid membership program and its subscribers-only seasonal sales event, Summer...
Procore Seeks FedRAMP Authorization for Construction Management Software
Procore Technologies is working to authorize its construction management software with the Federal Risk and Authorization Management Program (FedRAMP). The company has prepared tools, processes and methodologies to ready for FedRAMP compliance and has selected global cybersecurity and compliance company Coalfire to help it complete the FedRAMP authorization process, Procore Technologies said in a Tuesday (July 16) press release.
Report: Amazon/Adept Deal Subject of FTC Inquiry
A U.S. regulator reportedly wants more information on Amazon’s deal with AI startup Adept. The Federal Trade Commission (FTC) has asked Amazon for details about the arrangement to hire researchers and high-level executives from the artificial intelligence (AI) firm Adept, Reuters reported Tuesday (July 16), citing sources familiar with the matter.
Huma Gets $80 Million to Build ‘Shopify for Digital Health’
Healthcare AI startup Huma has raised $80 million to develop its new digital health cloud platform. The platform, announced Tuesday (July 16), is designed to bolster the company’s digital health initiatives while also letting others launch and scale their own products. “With its Huma Cloud Platform and the regulatory...
Prove Debuts Self-Service ID Verification Platform
Prove has introduced tools to help customers integrate its identity verification technology into their operations. The company on Tuesday (July 16) announced its developer self-service platform along with an identity solution known as Prove Link SDK. “As businesses exhaust huge amounts of resources to fight fraud and mitigate risk, they’re...
Real-Time Payments: The Cash Flow Spice Every Restaurant Needs
Real-time payments are a natural fit for restaurants, both for making seamless payments to staff and vendors and for processing payments from diners. As inflation and other economic hardships force many establishments to close their doors, real-time payments could provide crucial support in improving restaurants’ prospects for survival and success.
Embedded Finance Emerges as Retail Conversion Solution
Embedded finance, as a concept, has been around for a while, but not in the technologically savvy, user-friendly form it takes in today’s iteration. Embedded finance has emerged as a key weapon in the retail quest for online and offline customer conversions. The technology that underpins today’s embedded financing...
How the World Does Digital: Two-Thirds of Aussie Consumers Use Mobile Phones to Bank
There’s no shortage of images that come to mind when the subject is Australia. Most of them are outdoors, like the vast outback and iconic Table Mountain, any number of unique forms of wildlife and the world’s largest marine ecosystem in the Great Barrier Reef. But one of...
Joor CEO: Luxury Shoppers Won’t Buy a $20,000 Coat Online
As the luxury retail sector looks to strike a balance between digital accessibility and the more immersive, high-touch in-store experience, these upscale brands must create an omnichannel strategy that is much more experiential than that of their mass-market counterparts. Kristin Savilia CEO of JOOR, a wholesale platform for the luxury...
Report: Disney Data Leaked After Hack of Its Slack System
Disney has reportedly suffered a hack of its Slack system, with data from thousands of the channels of the company’s workplace collaboration system being leaked online. The data goes back as far as 2019 and includes material ranging from discussions about ad campaigns to assessments of job applicants to photos of employees’ dogs, The Wall Street Journal (WSJ) reported Monday (July 15), saying it had viewed the material.
Goldman Sachs Unit Invests in Plaid, Databricks Company Stakes
Venture capital (VC) firm NEA has reportedly created a $540 million continuation vehicle that has drawn as investors Goldman Sachs Group’s alternatives unit, Industry Ventures, Pathway Capital Management and Goanna Capital. The transaction enables NEA to give its limited partners some liquidity at a time when alternative-asset managers are...
Tencent Cloud and PlaysOut Partner on Embedded Services for Super Apps
Tencent Cloud and PlaysOut have unveiled a collaboration on embedded services for super apps. PlaysOut, a global gaming technology company, will leverage the Tencent Cloud Mini Program Platform (TCMPP) to lead the development of content ecosystems for global super apps, the companies said in a Monday (July 15) press release.
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