AI on top. Last quarter, digital health dealmaking continued to trend down from 2021, though there were 7 mega-rounds (deals worth $100M+). And to nobody’s surprise, AI was a common theme among the top deals. Freenome and BioAge Labs are leveraging AI to address cancer detection and metabolic diseases, respectively. Meanwhile, Abridge offers a genAI copilot for doctors. Dive into investment trends in the US and beyond in the State of Digital Health Report.
Countdown. The average US TikTok user spends 100 minutes on the platform each day — though soon, they may need to scroll elsewhere. President Biden just signed into law a bill that would give China-based ByteDance (TikTok’s parent company) 9 months to divest the app or face a ban in the US. Discover other forces disrupting TikTok and the creator economy in this brief.
Florence & The Machine. AI models have outperformed humans for years on technical tasks like image classification and visual reasoning. They still lag humans on other tasks, like competition-level mathematics, but they’re catching up fast. However, an impending shortage of high-quality training data could impact their continued improvement. Learn more about the shortage and potential solutions in this report.
P.S. Wanna know the AI strategies of the world’s largest companies? On May 16, we’re going to dive into what companies like Toyota, Visa, and Eli Lilly are doing in AI. Register here to save your spot.
