SoftBank Bets Big On AI In Healthcare: Inks New Joint Venture with Tempus To Transform Cancer Treatment In Japan
Portfolio Pulse from Shivani Kumaresan
SoftBank Group Corp (OTC:SFTBF) and Tempus AI Inc (NASDAQ:TEM) have announced a joint venture, SB TEMPUS Corp., to enhance precision medicine in Japan using AI. The venture, launching in July 2024, aims to revolutionize cancer treatment by leveraging Tempus' AI technology. Both companies will invest JPY 15.0 billion each. Tempus also received FDA clearance for its AI-driven ECG-AF device.
June 27, 2024 | 10:50 am
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SoftBank Group Corp has announced a joint venture with Tempus AI to enhance precision medicine in Japan using AI. The venture, SB TEMPUS Corp., will launch in July 2024 with a JPY 15.0 billion investment from each party.
The joint venture with Tempus AI positions SoftBank as a key player in the AI-driven healthcare sector in Japan, potentially boosting its market perception and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tempus AI Inc has entered a joint venture with SoftBank to enhance precision medicine in Japan using AI. The venture, SB TEMPUS Corp., will launch in July 2024 with a JPY 15.0 billion investment from each party. Tempus also received FDA clearance for its AI-driven ECG-AF device.
The joint venture with SoftBank and the FDA clearance for its ECG-AF device significantly enhance Tempus' market position and growth prospects, likely driving its stock price up.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90