Hippocratic AI, founded by Munjal Shah, has achieved a $500 million valuation after a successful Series A funding round. The company specializes in generative artificial intelligence for healthcare tasks, aiming to support medical staff by handling non-diagnostic responsibilities. A partnership with Nvidia has been announced to enhance patient experience through reduced latency.
Investors are increasingly interested in industry-specific AI applications like those developed by Hippocratic AI, following the success of general-purpose AI models. The company's cautious approach to deployment, prioritizing safety and adherence to the Hippocratic Oath, sets it apart in the healthcare AI sector. Funding from venture firms like General Catalyst and Premji Invest has propelled Hippocratic AI's total funding to $120 million.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.