Nonetheless, Google stock is still up 13.67% in the last month.
The S&P 500 has dropped 0.38% and the Nasdaq has fallen 1.29% in the same period. It’s not been the best week for the tech market, thanks to ongoing market uncertainty led by disappointing economic results in China and investors nervously waiting to see if the Fed wants to push another interest rate hike in the next week.Īlphabet’s share price has dropped 3.78% in the last 24 hours, in line with other losses from tech stock heavyweights like Microsoft, Nvidia and Meta. CEO Sundar Pichai recently published an opinion piece in the Financial Times where he said “AI is too important not to regulate, and too important not to regulate well”.
It’s also been amping up its messaging on developing AI safely and ethically after Dr Geoffrey Hinton, a former Google employee and one of the ‘godfathers of AI’, quit the company to raise awareness about AI safety issues.
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Now we’re seeing Google AI updates almost every day, with the latest few announcements focusing on free generative AI courses to upskill workers, its AI chatbot Bard transitioning to a more advanced PaLM 2 machine learning model and Google search, an integral part of the business, getting an AI overhaul. Now, the search engine titan has clawed its way back. What else has Google announced lately to do with AI?Īt the start of the year, Microsoft appeared to have the jump on Google, which has been an early pioneer in machine learning and artificial intelligence.
In short, there’s a lot of research on how AI can significantly positively impact healthcare in the coming future - and a lot of investment is being poured into the space to make that a reality. Goldman Sachs’ AI report had a similar figure, predicting a 7% increase in global GDP in ten years if AI continues to develop at pace. These could all benefit a rise in mental health issues, chronic diseases and an aging population, according to the WEC.įrom an investment perspective, Morgan Stanley MS has put AI as a potential $6 trillion market opportunity for companies to capitalize on. The World Economic Forum has said AI could improve clinical decision-making, managing the risks around global pandemics and personalized care, among others. In his open essay back in March about the benefits of AI, Bill Gates said AI could help with reducing administrative burden, help improve medical processes in underdeveloped countries and even help patients with basic triage before seeing a medical professional. The World Health Organization has previously stated 50% of all medical errors in primary care are down to admin there’s also predicted to be a shortage of 10 million healthcare professionals by 2030.Īrtificial intelligence can potentially transform the healthcare sector for workers and patients alike. Global healthcare is one of the fields that urgently needs workers and suffers from administrative overload. Aashima Gupta, global director of health care strategy and solutions at Google Cloud, emphasized how the company is taking a “safety over speed” approach by working with select partners like Mayo Clinic instead of rolling out the tech widely. Thomas Kurian, Google Cloud’s CEO, said the Mayo Clinic was a “critical partner” in “ responsible ways to bring this transformative technology to healthcare”. Mayo Clinic is one of the earliest adopters of the tech, which could make healthcare admin tasks like finding medical histories, lab results, or x-ray records a cinch for healthcare workers - even across different locations. The Mayo Clinic has previously partnered with Google: in 2019, it announced a 10-year partnership with the Big Tech giant on cloud computing, data analytics and machine learning. The program lets companies create their own chatbots to sift through masses of data while remaining HIPAA compliant. Mayo Clinic confirmed it was testing a new service called Enterprise Search on Google’s Generative AI App Builder, which was unveiled this week. On Wednesday, Google Cloud revealed its expanded partnership with healthcare provider Mayo Clinic to provide the company with new generative AI tools to create customized chatbots. What have Google and the Mayo Clinic announced?
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