Bessemer Venture Partners is launching a $10 million early-stage seed program to back new startups in the healthcare industry. According to TechCrunch, the company's celebrity healthcare investor, Steve Kraus, and its head of investments in Israel, Adam Fisher, will lead the Deep Health Seed Program to invest anywhere between $100,000 and $2 million into startups using machine learning to solve problems in healthcare. The firm has already invested in Qventus, a hospital management service, as well as healthcare companies such as Allena Pharmaceuticals, Docent Health, OvaScience, Verastem and Flex Pharma. Bessemer will specifically be looking for investment opportunities in workflow automation startups like Qventus; digital diagnostics companies that augment or replace human diagnosticians with algorithms; and predictive and programmatic tools to measure and monitor population health. In addition to announcing the new seed funding program, Bessemer also revealed its first investment in a company called Subtle Medical, which is focused on stroke and neurological disorders, improving the quality and speed of medical imaging exams by enhancing the use of lower-quality scans, which will remove the need for repeat imaging procedures.

In a volatile business climate, CFOs need to reassess the way they work and use automation and Artificial Intelligence (AI) for better regulatory compliance. According to a white paper prepared by The CFO Board, there is a need to adopt digital tools to support the entire finance function. "It needs to be done from existing daily generation of finance reports to dashboards that can predict the cash flow or unforeseen business risks," said Giridhar Sanjeevani, Global CFO, Taj Group of Hotels. He, however, added that CFOs are evolving slowly and have not yet taken cognisance of the disruption that technology is causing in all kinds of businesses. By adopting these tools, CFOs can improve decision-making, planning, control, and governance while reducing costs and increasing investment returns, according to Ajay Kumar, Senior Director, ERP/EPM sales consultant for Oracle India.

The newsfeeds are extremely relevant. They address both legislative and judicial updates and offer an experienced, thoughtful analysis of directions or trends. The articles are all extremely well done and provide a practical viewpoint, not just an academic one. Most topics have at least 3-5 articles from various law firms, so there's an opportunity to read different perspectives and analyses.

Industrialization and Digitization has changed the way humans look at life. The world is moving at a technological pace wherein with every passing minute an invention is done, and a lot of these inventions are beyond human imagination. One such technology is Artificial Intelligence or AI as it is popularly known. AI has brought extensive changes around the world. AI is a term for simulated intelligence in machines.[1]

NEW DELHI: Artificial Intelligence (AI) should be leveraged to provide quality solutions at scale across education, health, agriculture, infrastructure and mobility in smart cities, said Niti Aayog CEO Amitabh Kant. A paper titled'National Strategy for Artificial Intelligence', said, "AI for All will aim at enhancing and empowering human capabilities to address the challenges of access, affordability, shortage and inconsistency of skilled expertise." AI refers to the ability of machines to perform cognitive tasks like thinking, perceiving, learning, problem solving and decision making. In the paper, Niti Aayog has decided to focus on five sectors that includes healthcare, agriculture, education, infrastructure and transportation that can benefit from adoption of AI in solving societal needs. Aiming to truly reap benefits of using AI in all and across sectors, the paper has identified barriers that need to be addressed to achieve success in the use of AI.

In order to drive awareness of the benefits and understand the challenges of AI (such as on ethics[1] and legal issues), IMDA is engaging key stakeholders including government, industry, consumers and academia to collaboratively shape the Government's plans for the AI ecosystem. Such discourse will inform the Government's ongoing plans to support Singapore as a hub for AI development and innovation, and help Singapore to effectively respond to global developments. These initiatives complement IMDA's current suite of business and talent programmes to develop a vibrant AI ecosystem and position Singapore as a leading hub for AI. An Advisory Council on the Ethical Use of AI and Data will be appointed by the Minister for Communications and Information to advise and work with IMDA in the areas of responsible development and deployment of AI. The Advisory Council will assist the Government to develop ethics standards and reference governance frameworks and publish advisory guidelines, practical guidance, and/or codes of practice for the voluntary adoption by the industry.

Tencent is a Chinese tech company founded in 1998 and based in Shenzhen that hosts 55% of China's mobile internet usage on its platforms. Its mission is to "become the most respected internet enterprise." The company is China's biggest social network company with 1 billion users on its app WeChat and 632 million monthly user accounts on social networking platform Qzone, is worth more than Facebook and has extended beyond instant messaging (its product is QQ) and social networking to gaming, digital assistants, mobile payments, cloud storage, education, live streaming, sports, movies and artificial intelligence. The company's dedication to artificial intelligence is evident in one of its slogans, "AI in all." In 2016, Tencent opened an AI lab in Shenzhen with a vision to "Make AI Everywhere."

Artificial intelligence (AI) has the potential to boost economic growth in the UAE by 1.6%, adding $182 billion to the national economy by 2035, according to a recent report by Accenture. The report looked at 15 industries in the YAE and13 in Saudi Arabia to dtermine the potential sector-specific impact of AI on the economies of the Middle East. AI will have the greatest impact on the financial services, healthcare, and transport and storage industries, with increases of $37 billion, $22 billion and $19 billion, respectively, in their annual gross value added (GVA), which measures the output value of all goods and services in a sector. Even the labour-intensive sectors of education and construction will see increases of $6 billion and $8 billion, respectively, in their GVA over the same period, with AI enabling people to be more productive, thus leading to gains in profitability. The effects of AI will also be felt in Saudi Arabia, where it is expected to increase GVA by $215 billion.

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