Babylon Health has raised £50 million for AI diagnosis tool

Digital healthcare company, Babylon Health, have raised about £50 million to further develop its artificial intelligence clinical diagnosis capabilities. Babylon says the new AI tool will help clinicians by providing them with a diagnosis of more routine conditions. Planned capabilities include using natural language processing to take notes in patient consultations. Speaking to Digital Health News, Ali Parsa, founder and chief executive of Babylon, claimed the new diagnosis tool could potentially cut the cost of a consultation by 80%. He said the latest £50m raised by Babylon that the money will go towards "engineering and mass producing the technology" for a new AI tool that will help clinicians by providing diagnosis of more routine conditions.