GE HealthCare Taps AWS for Groundbreaking AI Medical Solutions: Details
Portfolio Pulse from Lekha Gupta
GE HealthCare Technologies Inc. (NASDAQ:GEHC) and Amazon.com, Inc.’s (NASDAQ:AMZN) Amazon Web Services (AWS) have announced a strategic partnership to develop AI applications aimed at enhancing medical diagnostics and patient care. GE HealthCare will leverage AWS' cloud and AI services to create new foundation models and update its applications using Amazon SageMaker. This collaboration aims to develop multi-modal foundation models for analyzing diverse unstructured medical data. GE HealthCare also recently agreed to acquire Intelligent Ultrasound Group PLC’s clinical AI software business for $51 million. GEHC shares are up 1.04% at $80.51.
July 25, 2024 | 6:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Amazon's AWS has entered a strategic partnership with GE HealthCare to develop AI applications for medical diagnostics and patient care. This collaboration will leverage AWS' cloud and AI services, including Amazon SageMaker, HealthLake, and HealthImaging.
The partnership with GE HealthCare showcases AWS's capabilities in healthcare-specific cloud services and generative AI, potentially attracting more healthcare clients to AWS and boosting its cloud services revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to GE HealthCare through the Invesco S&P Spin-Off ETF (NYSE:CSD), which includes GEHC in its portfolio. The recent partnership with AWS and acquisition of Intelligent Ultrasound Group PLC’s clinical AI software business may positively impact GEHC's performance.
The positive developments for GE HealthCare, including the AWS partnership and AI acquisition, could enhance the performance of the Invesco S&P Spin-Off ETF, which includes GEHC in its portfolio.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
GE HealthCare Technologies Inc. has partnered with Amazon's AWS to develop AI applications for medical diagnostics and patient care. This collaboration aims to create advanced foundation models and generative AI applications, enhancing clinical efficiency and patient care.
The partnership with AWS is likely to enhance GE HealthCare's capabilities in AI-driven medical diagnostics, potentially leading to improved clinical outcomes and increased demand for its products. The recent acquisition of Intelligent Ultrasound Group PLC’s clinical AI software business further strengthens its AI portfolio.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to GE HealthCare through the Spinnaker ETF Series Langar Global HealthTech ETF (NYSE:LGHT), which includes GEHC in its portfolio. The recent partnership with AWS and acquisition of Intelligent Ultrasound Group PLC’s clinical AI software business may positively impact GEHC's performance.
The positive developments for GE HealthCare, including the AWS partnership and AI acquisition, could enhance the performance of the Spinnaker ETF Series Langar Global HealthTech ETF, which includes GEHC in its portfolio.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50