July 17, 2024

Moving the needle

Hi there, 

Health systems are not immune to the opportunities and threats AI offers. 

So which hospitals are best prepared for the AI shift? 

We rank the 25 health systems with the most AI innovation here.

Leading the pack is the Mayo Clinic. 

For example, Mayo has filed 50+ AI-related patents across areas like cardiovascular health and oncology. 

It’s also the most active health system in terms of investments into AI startups.  

See the full list here. 

Winter is leaving

Crypto and blockchain are back. Sorta. 

What? Yup, you heard me.

30% of the largest early-stage fintech deals in Q2’24 were to digital asset companies.

The two largest early-stage deals in the crypto space went to digital asset infrastructure platforms TradeDog ($75M seed) and Biton ($44M Series A).

Dive deeper into early-stage fintech activity in our State of Fintech Q2’24 Report.

Embed time

Consumers and businesses are demanding frictionless digital transactions.

So businesses across industries are embedding financial tools — from buy now, pay later (BNPL) to insurance distribution — into their platforms.

To help strategy teams prioritize embedded finance markets in their 2025 corporate planning decisions, we plotted markets using CB Insights’ TECH framework. 

The degree of market maturity and startup momentum suggests 1 of 4 planning approaches:

• Track: Nascent markets to put on the roadmap.
• Experiment: Newer markets that are gaining traction quickly. Consider for pilots or evaluation.
• Champion: Major markets that are still expanding to new areas. Continue to prioritize.
• Hold: Established markets that are less dynamic. Hold off on immediate action.

Find out how embedded finance markets stack up in the full report.

Million dollar maybe

Enterprise spend on large language models (LLMs) can run in the millions.

As enterprises focus on the ROI of that AI spend, small language models (SLMs) are becoming an attractive option.

These models have fewer parameters than LLMs, making them cheaper to train and easier to run.

More than 10 SLM development platforms have gained traction in the last year — and you can learn more about them here.

Industry Standard

Payments Dive. Lynne Marek (@LynneMarek) reports on payments investment activity in Q2 and cites CB Insights research.

Axios. Ryan Lawler (@ryanlawler) covers crypto and late-stage fintech deals using CB Insights research.

MedCity News. Katie Adams dives into global venture trends and mentions CB Insights data.

I love you. 

Anand 

@asanwal 

P.S. Last quarter, AI funding hit its highest level since Q1’23. Our analyst will dive into the trend in a live briefing on July 30. Register today to join her.

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