• 6
  • Comment
  • 1

Competition Heats Up - Google Introduces MedLM AI Suite For Streamlining Medical Procedures

Benzinga2023-12-14

Alphabet Inc's Google unveils MedLM suite, a set of artificial intelligence (AI) models specifically crafted for healthcare, aiming to assist clinicians and researchers in various medical facets. 

The suite, consisting of large and medium-sized AI models built on Med-PaLM 2, offers versatile applications, from managing doctor-patient interactions to facilitating complex medical studies.

Google's latest move signifies its ongoing efforts to generate revenue from AI tools in the healthcare industry amid competition from rivals like Amazon.com Inc and Microsoft Corp vying for market dominance.

To cater to specific healthcare needs, Google Cloud's global director of healthcare strategy and solutions, Aashima Gupta, emphasized the suite's tailored approach in a CNBC report, asserting that distinct AI models within MedLM are optimized for varied tasks. 

While the larger MedLM model excels in complex, compute-intensive operations, the medium-sized model is more agile and suitable for real-time functions, such as summarizing medical interactions.

During initial tests with partners like HCA Healthcare Inc, Google's MedLM has shown promise, particularly in automating emergency medicine physician documentation and streamlining hospital nurse handoff processes. 

However, challenges have been encountered, including the potential for AI-generated errors, token limitations, and managing AI functionality over time.

Google plans to integrate its advanced AI model, Gemini, into MedLM, expecting improved performance. 

Other entities like BenchSci and Deloitte have also been testing MedLM, leveraging its capabilities to advance drug discovery and assist healthcare clients.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial