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News on Medial
World's first AI clinic with AI doctor opens in Saudi
Inshorts
·
2m ago
Medial
China's medical AI startup Synyi AI has opened the "world's first AI clinic" in Saudi Arabia, Bloomberg reported. Patients describe their symptoms on a tablet to an AI doctor, "Dr. Hua," who then engages in an interactive consultation and follow-up questions, and analyses additional data like X-rays collected by human assistants. The pilot programme currently focuses on respiratory problems.
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UK femtech Daye launches virtual clinic for period pain
TechCrunch
·
2y ago
Medial
Daye, a femtech startup based in the UK, has launched what it claims to be the world's first virtual period pain clinic. The service aims to provide women with a faster diagnosis of the causes of their period pain. Through a personalized pain management report generated by an algorithm based on national guidelines, customers can receive recommendations for both pharmaceutical and non-pharmaceutical treatments. Daye's clinic aims to address the gender care gap and offer specialized attention to women's health issues.
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BlackRock to launch PIF-backed Saudi investment platform
VCCircle
·
1y ago
Medial
BlackRock, the world's largest asset manager, announced plans to launch a new investment platform in Saudi Arabia. The platform will be backed by up to $5 billion from the Saudi sovereign wealth fund, the Public Investment Fund (PIF). The goal of the platform is to accelerate the growth of Saudi Arabia's capital markets, with a focus on raising additional funds both locally and internationally. BlackRock's platform will primarily target Saudi Arabia but will also span investments across the Middle East and North Africa. This move highlights Saudi Arabia's increasing attractiveness for international investment.
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In Charts: Saudi Venture Capital doubles down on commitments in 2023
VCCircle
·
1y ago
Medial
Saudi Venture Capital (SVC), the state-owned institution managing $2.2 billion in assets, significantly increased its funding commitments in 2023, as Saudi Arabia surpassed the UAE to become the world's top VC-funded market. SVC's investments for the year included nine limited partner-style bets.
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Pet care startup Supertails enters offline space with its first clinic in Bengaluru
YourStory
·
5m ago
Medial
Supertails, a Bengaluru-based pet care startup, has opened its first physical clinic, entering offline services alongside its digital offerings. With plans to serve 1 million pet parents in two years, it aims to address limited veterinary access in India, which has a 38 million pet population. The clinic provides consultation, radiology, and grooming, featuring Fear Free certified veterinarians. Supertails plans further expansion with three more clinics and future at-home care services.
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Chipmaker Nvidia surges past Saudi Aramco, becomes world's third-largest company
Livemint
·
1y ago
Medial
Nvidia has surpassed Saudi Aramco to become the world's third-largest company by market capitalization. The tech giant's stock market value closed above $2 trillion for the first time, driven by positive reports from Dell Technologies on increased orders for its AI-optimized servers. Nvidia's CEO, Jensen Huang, has also made bold predictions, stating that artificial general intelligence (AGI) could arrive within five years. However, he acknowledged that there are still differing opinions on how to define and achieve AGI. Huang also noted the need for more chip factories to support AI industry growth, although advancements in computing efficiency will help limit the number of chips required.
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Nvidia is now worth more than Amazon and Alphabet
The Verge
·
1y ago
Medial
Nvidia has surpassed Alphabet (Google's parent company) in market capitalization, making it the world's fourth most valuable company after Microsoft, Apple, and Saudi Aramco. The chip maker's stock is now worth $1.83 trillion, just barely edging out Alphabet's $1.82 trillion market cap. Nvidia is heavily involved in the AI chip industry and its sales predominantly come from major tech companies. It is also set to release a new AI chip, the H200, with improved memory capacity and bandwidth. Additionally, Nvidia has invested $30 billion in a unit that helps other companies create custom AI chips.
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Mayo Clinic pairs with Cerebras Systems to help develop AI for health care
Reuters
·
1y ago
Medial
The Mayo Clinic will collaborate with Silicon Valley startup Cerebras Systems to create artificial intelligence (AI) models for the healthcare sector. Mayo Clinic will utilize Cerebras' computing chips and systems to analyze decades of anonymized medical records and develop their own AI models. These models will assist in tasks such as summarizing medical records, detecting patterns in images, and analyzing genome data. The AI technology will be made available through Mayo Clinic's data network and pricing details are yet to be decided.
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US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
VCCircle
·
2m ago
Medial
U.S. tech companies Nvidia, AMD, and Qualcomm announced significant AI deals in the Middle East during President Trump's Gulf tour, securing $600 billion in commitments to U.S. firms from Saudi Arabia. Nvidia will supply AI chips to Saudi AI startup Humain, launched by Saudi Arabia's sovereign wealth fund, while AMD has a $10 billion collaboration with Humain. Saudi Arabia aims to become an AI hub, diversifying its oil-reliant economy.
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Healthcare platform Anima brings Salesforce-like capabilities to clinics, raises $12M
TechCrunch
·
1y ago
Medial
London-based startup Anima has raised $12 million in a Series A funding round to support its "care enablement" platform for healthcare clinics and hospitals. Anima's software aims to streamline healthcare processes and improve efficiency by automating document processing, suggesting next steps based on medical history, and facilitating collaboration among clinic staff in real-time. The platform is already being used in 150 NHS clinics in England. Anima's founder, Shun Pang, who is also a former doctor, believes the company's competitors are those with a credible path to a similar care enablement platform.
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Aramco to buy 50% of Air Products Qudra's blue hydrogen business
VCCircle
·
1y ago
Medial
Saudi oil company Aramco will acquire a 50% stake in the blue hydrogen industrial gases business of Air Products Qudra (APQ), as part of Saudi Arabia's push to become a major hydrogen producer. The financial terms of the deal were not disclosed, but it includes options for Aramco to purchase hydrogen and nitrogen. APQ is a joint venture between Air Products and Qudra Energy. Saudi Arabia aims to be the world's largest hydrogen supplier, reducing its reliance on crude oil. This move aligns with the country's broader economic agenda driven by its sovereign wealth fund, the Public Investment Fund.
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