GE HealthCare (+0.9% pre) Partners with AWS to Develop Generative AI for Medical Use

Jul 25, 2024, 12:48 PM

GE HealthCare has announced a strategic collaboration with Amazon Web Services (AWS) to develop generative AI models aimed at transforming the healthcare industry. The partnership will leverage AWS's cloud services to build advanced AI applications for medical data analysis, enhancing diagnostics and patient care. This collaboration is expected to accelerate healthcare transformation by providing new, purpose-built foundation models designed to handle the vast amounts of data generated by the healthcare sector, which accounts for nearly one-third of global data. GE HealthCare's stock is up 0.9% in pre-market trading following the announcement.