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Report finds surge in AI-related healthtech M&A's
The number of AI-related healthtech transactions has doubled every six months since the second half of 2017, reaching 10% of all deals by the end of 2019, according to a report from Hampleton Partners. The international technology mergers and acquisitions advisors' report says that overall healthtech transactions have seen a healthy rebound after dropping significantly in the second half of 2016 and the first half of 2017. Volumes increased by 14% compared to the first half of 2019 and 27% compared to the same period last year. The majority of recent disclosed healthtech transactions were aimed at process efficiency, primarily tackling mounting cost pressures and inefficiencies across the healthcare industry but also tackling new challenges. Jonathan Simnett, director, Hampleton Partners, said: "The phenomenal progress being made in healthcare technology, including genomics, is generating exabytes of data that need analysis, storage and security. That puts the spotlight on AI and machine learning companies which can comb through this massive data pool to extract what's needed to deliver the tailored therapies, drug discovery and care delivery that the sector wants to achieve. "The number of AI targets is rising exponentially as the early movers and pioneers in this space are maturing and becoming ripe for sale.
Researchers use AI to uncover powerful new antibiotics for the first time
In a landmark discovery, a machine learning based AI has been used to uncover powerful new antibiotics that can kill resistant bacterial strains. Around 46,000 people dying each year in the UK alone from sepsis, with many cases being caused by antibiotic resistant bacteria that don't respond to treatment. The World Health Organisation has has identified several high-priority target pathogens that new antibiotics should target, but development of just one new drug can take years of research and millions of pounds in funding. Researchers at the Massachusetts Institute of Technology (MIT) in the US have now successfully used an AI to discover new antibiotic drugs for the first time. The team trained the AI on a data set of known antimicrobial molecules and then set it loose on a vast pharmaceutical database to assess the potential of each drug as an antibiotic. The process dramatically cuts the cost and time needed for drug discovery.
Three ways AI can support the Sustainable Development Goals GovInsider
Wild Sumatran rhinos were once a common sight in northern Borneo, gamboling through the rainforests, but that ended last month when the last of their number died in a cage. Their habitat was eroded and Malaysia's rhinos are officially extinct. The TECH4ALLL programme exists to see how tech and AI can save the homes of creatures like the Sumatran rhinos, and build opportunities for the humans who live alongside them. "We want to protect vulnerable groups and make ordinary people extraordinary," said Ken Hu, Huawei's Deputy Chairman, at Huawei Connect 2019. Huawei created this programme to tie into the United Nations Sustainable Development Goals (SDGs), and is working with partners to protect tropical rainforests, keep food sources sustainable and diagnose visual disorders in children early.
7 Key Fintech Trends That Will Dominate in 2020 TechBullion
Whether you're new to the market or not, you need to keep up with the trends to stay relevant. When you know what's going on in your industry, you can take proper steps to stand out and grow. That's especially important in fintech, where technological developments are constantly disrupting financial services. Since the digital market is very competitive, staying up-to-date with trends is key to cutting through the noise of the competition. We sat down with Guy El Khoury, the CEO of Accomplish Financial, to discuss the latest trends in the fintech industry.
Robot Analysts Outwit Humans on Investment Picks, Study Shows
They beat us at chess and trivia, supplant jobs by the thousands, and are about to be let loose on highways and roads as chauffeurs and couriers. Now, fresh signs of robot supremacy are emerging on Wall Street in the form of machine stock analysts that make more profitable investment choices than humans. At least, that's the upshot of one of the first studies of the subject, whose preliminary results were released in January. Buy recommendations peddled by robo-analysts, which supposedly mimic what traditional equity research departments do but faster and at lower costs, outperform their flesh-and-blood counterparts over the long run, according to Indiana University professors. "Using this type of technology to make investment recommendations or to conduct investment analyses is going to become increasingly important," Kenneth Merkley, an associate professor of accounting and one of the authors, said by phone.
SoftBank fund invests $100 million in compliance software firm
NEW YORK โ SoftBank Group Corp.'s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to people familiar with the matter. The investment, which is in the form of preferred shares, values Behavox at about $500 million, the people said, asking not to be identified because the information is private. The investment group will also be represented on the company's board, the people added. The deal is among the first for the second incarnation of SoftBank's $100 billion Vision Fund. It comes at a time when the Japanese company faces growing scrutiny from investors including activist Elliott Management Corp. amid high-profile setbacks such as WeWork and Uber Technologies Inc. Behavox uses machine learning and advanced analytics software to help alert companies to potential wrongdoing among employees.
Tables, footrests, smart speakers: Self-driving cars could become the living rooms of the future
When you slide into the car of the future, you may feel like you've already reached your destination. You'll sit at tables, under ambient lighting, getting help from voice assistants as you stretch out your legs in reclining seats. And that's appealing to many Americans who already know they want to sleep, send emails or play video games as they zip down the road in a car that operates itself. With self-driving vehicles on the horizon, automakers are rethinking what the future of car interiors will look like. And because these completely autonomous cars, called Level 5 vehicles, will free drivers from focusing on the highway, companies are now free to experiment.
Amazon opens Seattle grocery store, expanding grab-and-go cashless shopping. Is Whole Foods next?
Amazon's radical new approach to buying foods and speeding up the checkout process goes the next mile today, with a full-size grocery store here. The Amazon Go Grocery opens Tuesday, with more than four times the space of the original, 7-Eleven-style, on-the-go type stores first opened in 2018. The e-tailer, which also owns Whole Foods, launched the Go stores as a way for local workers to get in and out, with a just basics menu that bypassed essentials like fruit and frozen foods. "We believe'Just walk out' technology," makes shopping a better experience, says Cameron Janes, vice-president of Amazon's physical stores division. He gave USA TODAY a sneak-peek tour of the new concept Monday.
Anzyz Technologies
Anzyz is an Artificial Intelligence company based in Oslo and Kristiansand, Norway. We have developed a unique text algorithm helps users read, analyze, understand and extract valuable insights from large quantities of complex data. The self-learning algorithm is language neutral, and capable of understanding terminology, jargon, typos, slang and irony. This allows for interpretation and understanding of contextual meaning in Big Data By analyzing data, such as structured and unstructured documents, reports, chats and emails, customer feedback, scientific research articles, electronic patient records and SoMe-channels, to name a few, our technology can automatically derive valuable insights. Anzyz provides tools to find the answers you are looking for, hidden amongst large amounts of unstructured data.
AI can make our school system the envy of the world
Artificial intelligence offers Britain the opportunity to have a world-leading school system. We have a good education system, but it is not innovative nor exciting. Nor is it in tune with the post-Brexit world. AI is transforming every aspect of the human experience. Britain is making considerable progress in applying it to healthcare, to the professions and to industry, but despite good progress schooling remains the Cinderella of AI.