Category: AI

AISoftware

Lloyds Banking Group Reports Microsoft AI Tools Save Employees 46 Minutes Daily

Lloyds Banking Group reports significant productivity gains from Microsoft’s AI tools, with employees saving an average of 46 minutes daily. The banking giant is expanding AI implementation across customer-facing processes while maintaining quality checks on AI-generated content.

Major Productivity Gains Reported

According to reports from Lloyds Banking Group, employees using Microsoft’s AI assistance tools are saving substantial time daily. Sources indicate the banking corporation has deployed nearly 30,000 licenses for Microsoft 365 Copilot among its workforce, with a survey of 1,000 users revealing average time savings of 46 minutes per day.

by Darren Holt
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