Category: AI

AIHealthcareStartups

Medical AI Firm OpenEvidence Secures $200M Funding Amid Industry Scrutiny of AI Claims

Medical AI startup OpenEvidence has reportedly secured $200 million in new funding, doubling its valuation to $6 billion. The funding announcement comes amid growing industry scrutiny of AI capability claims, with experts questioning marketing assertions from major technology firms.

Medical AI Startup Valuation Soars

OpenEvidence, which develops an ad-supported AI chatbot for medical practitioners, has reportedly raised $200 million at a $6 billion valuation, according to recent funding reports. This represents a significant increase from the company’s $3.5 billion valuation following a $210 million round in July, sources indicate. The rapid valuation growth highlights continued investor enthusiasm for healthcare artificial intelligence solutions despite broader market challenges.

by Natalie Brooks
AISemiconductors

NVIDIA Partners With Samsung Foundry to Develop Custom AI Processors

NVIDIA is expanding its AI hardware dominance through a strategic partnership with Samsung Foundry for custom processor development. The collaboration strengthens NVIDIA’s comprehensive AI solution offerings amid increasing competition from companies developing in-house chips. This move positions both companies to capitalize on the rapidly growing artificial intelligence market.

Strategic Partnership for AI Hardware Expansion

NVIDIA is reportedly strengthening its position in the artificial intelligence hardware market through a new manufacturing partnership with Samsung, according to industry reports. The collaboration focuses on developing custom processors that will expand NVIDIA’s comprehensive AI solution offerings, sources indicate. This move follows NVIDIA’s recent partnership with Intel that enabled x86 CPUs to connect directly with NVIDIA platforms.

by Natalie Brooks
AIWorkforce

Millennials Embrace Generative AI as Productivity Tool Amid Widespread Skepticism

Nearly 70% of millennials report that generative artificial intelligence helps them work more efficiently rather than simply increasing workload. Despite widespread adoption, consumers across generations express significant concerns about data privacy and factual accuracy when using AI tools.

Generative AI Adoption Trends

Younger generations are embracing generative artificial intelligence as a productivity enhancer, with approximately 70% of millennials reporting the technology helps them work smarter rather than harder, according to recent research. The PYMNTS Intelligence report titled “Generation AI: Why Gen Z Bets Big and Boomers Hold Back” indicates that 57% of U.S. adults—roughly 149 million consumers—now use AI tools for tasks ranging from creating grocery lists to generating work reports.

by Natalie Brooks