If you want to know how much investors hate the biotech sector right now, consider this simple statistic: More than 25% of small biotech companies have stock market values that are less than how much they have in cash. “The market says a quarter of these companies are literally worthless,” said Jefferies biotech analyst Michael … Read more
Anthem Inc.’s information manager says he works with Alphabet Inc.’s Google Cloud to create a synthetic data platform that will allow the health insurance company to better detect fraud and offer personal care to its members. Anil Bhatt said the plan is to use algorithms and statistical models to generate approximately 1.5 to 2 petabytes … Read more
Anthem Inc.’s information manager says he works with Alphabet Inc.’s Google Cloud to create a synthetic data platform that will allow the health insurance company to better detect fraud and offer personal care to its members. Anil Bhatt said the plan is to use algorithms and statistical models to generate approximately 1.5 to 2 petabytes … Read more
Anthem Inc.’s information manager says he works with Alphabet Inc.’s Google Cloud to create a synthetic data platform that will allow the health insurance company to better detect fraud and offer personal care to its members. Anil Bhatt said the plan is to use algorithms and statistical models to generate approximately 1.5 to 2 petabytes … Read more
California-based utilities are increasingly investing in artificial intelligence to mitigate wildfires, but say they are struggling to gather enough data to train AI. Southern California Edison, San Diego Gas & Electric Co. and PG&E Corp. says they see promise in AI algorithms that use images taken by drones and other means to detect irregularities in … Read more
California-based utility companies are increasingly investing in artificial intelligence for wildfire mitigation but say they are struggling to collect enough data to train the AI. Southern California Edison, San Diego Gas & Electric Co. and PG&E Corp. say they see promise in AI algorithms that use images captured by drones and other means to detect … Read more
Text size An AbbVie bio safety hood Courtesy of AbbVie Deep into the second quarter of the year, stocks have yet to recover, and investors are seeking safety in defensive plays. One sector that’s benefited from this rush to defense is healthcare, where big firms offer stability and, in some cases, steady dividends. While the … Read more
Corporate spending on cloud computing is rising at double-digit rates, as chief information officers and other tech leaders adopt advanced capabilities such as artificial intelligence that cost more than run-of-the-mill business applications, new market data shows. On top of the inherent costs of the technologies themselves, typically purchased as subscriptions, many of these applications tend … Read more
US authorities have cautioned banks about possible cyberattacks following Russia’s recent invasion of Ukraine, but experts say financial institutions also face particular risks in a more murky area of their business — the now ubiquitous artificial-intelligence models that handle everything from lending to trading. Fears of Russia-linked cyberattacks, long a threat to businesses, gained new … Read more
Text size Shares of Nvidia have risen roughly 14% in the past month. Justin Sullivan / Getty Images Nvidia is doubling down on artificial-intelligence technology that CEO Jensen Huang predicts will revolutionize every industry. In the keynote speech for the annual Nvidia (ticker: NVDA) GTC conference — the acronym once stood for GPU Technology Conference, … Read more