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Generative AI usage gains traction among enterprises: McKinsey

CIO

The findings also showed that the most commonly reported uses of generative AI are in marketing, sales, product development, and service operations. Marketing use cases of generative AI, as per the report, included crafting text documents, summarizing documents, and personalized marketing.

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How Nvidia became a trillion-dollar company

CIO

Nvidia’s transformation from an accelerator of video games to an enabler of artificial intelligence (AI) and the industrial metaverse didn’t happen overnight—but the leap in its stock market value to over a trillion dollars did. Efforts to stay in the $1T club Nvidia is driving forward on many fronts.

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10 Key Trends of Digital Transformation in Healthcare in 2022

OTS Solutions

At the heart of this shift are AI (Artificial Intelligence), ML (Machine Learning), IoT, and other cloud-based technologies. Modern technical advancements in healthcare have made it possible to quickly handle critical medical data, medical records, pharmaceutical orders, and other data. Chatbots are predicted to be worth $1.25

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Leading a Clinical Data Collaboration Revolution: A Success Story

Perficient

Clinical trials are integral to the safe and efficient delivery of new pharmaceuticals. Envisioning a Bold, New Clinical Trial Data Collaboration Solution Our client, a top-five pharmaceutical leader, needed an overhaul of its legacy systems to improve efficiency, enhance collaboration, and accelerate development timelines.

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The Week’s 10 Biggest Funding Rounds: Lambda Leads Massive Week For Megadeals

Crunchbase News

Lambda , $320M, artificial intelligence: In a big week, this was the biggest round. The company offers cloud computing services and hardware for training artificial intelligence software. Of course, efficient, low-cost and environmentally friendly lithium extraction is needed for the exploding EV market.

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Hong Kong’s AI drug discovery firm Insilico closes $60M Series D

TechCrunch

Insilico Medicine, a Hong Kong-based company that has been using artificial intelligence to discover new drugs since 2014, has completed a fresh round of funding. “Right now the market is in ‘biotechnology winter’ where many companies are running out of cash and are dying.

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What is NLP? Natural language processing explained

CIO

Natural language processing definition Natural language processing (NLP) is the branch of artificial intelligence (AI) that deals with training computers to understand, process, and generate language. Search engines, machine translation services, and voice assistants are all powered by the technology.