15 AI News Investors Should Not Miss

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9. GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Number of Hedge Fund Holders: 49

GE HealthCare Technologies Inc. (NASDAQ:GEHC) is a leading global medical technology company that provides digital infrastructure, data analytics & decision support tools that help healthcare workers in the diagnosis, treatment, and monitoring of patients. The company incorporates artificial intelligence in many of its products and services.

On Monday, October 21, GE HealthCare Technologies Inc. (NASDAQ:GEHC) announced a new artificial intelligence application to help doctors who diagnose and treat cancer to save time. Known as CareIntellect for Oncology, the AI application will help doctors get up to speed by showing them the data they need on a patient’s history and disease progression. This will help spare them from the headache of digging through records.

The application will also be able to help identify relevant clinical trials that the patients may be eligible for. Previously, doctors had to go through a lengthy procedure involving going through a database of trials, memorizing inclusion and exclusion criteria, and digging through patient records to determine a good fit. CareIntellect for Oncology is expected to be widely available for use to US customers in the year 2025, initially targeting prostate and breast cancers.

The company has also introduced an AI innovation lab, a move designed to accelerate early-concept AI innovations within the company. The AI projects are part of its broader AI and digital strategy, focusing on integrating AI into medical devices, integrating AI into applications, and also using AI to support better outcomes. The company’s investment in cloud technology supports its strategy by providing the computing power needed for large-scale AI development.

“The AI Innovation Lab lifts the curtain on the work we are undertaking at the vanguard of healthcare innovation. At GE HealthCare, we’re not just developing technology—we’re striving to break new ground by exploring novel ways that AI could enable healthcare. For example, through projects like Health Companion, we are evaluating ways to apply agentic AI in order to bring the clinical knowledge and problem-solving insights of a multi-disciplinary medical team to clinicians’ fingertips and help them take action. The pioneering projects we’re showcasing today are just some of the innovations we have underway, enabled by our AI and cloud computing capabilities. We will continue to gather feedback from our customers as we find ways to help them apply AI to their health data and convert information into actionable, care-enhancing strategies”.

– Dr. Taha Kass-Hout, GE HealthCare’s Global Chief Science and Technology Officer.

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