AI Fund, led by pc scientist Andrew Ng, has made its first funding in India by backing Gurugram-based synthetic intelligence (AI) healthcare startup Jivi. The quantity of the funding was not disclosed, in accordance with a Reuters report.
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AI-Powered Healthcare Improvements
Jivi makes use of AI to help in diagnosing circumstances, suggesting remedies, producing well being stories, and performing administrative duties, the fund stated in a press release, in accordance with the report. This transfer comes as India’s AI sector is predicted to develop to over USD 22 billion by 2027, in accordance with a Nasscom-BCG report launched earlier this yr. Inside this progress, AI-based merchandise and startups are anticipated to play a major position, doubtlessly accounting for 15-17 % of the market.
Backed by Sequoia Capital and SoftBank Group, AI Fund has additionally invested within the podcast-production platform Podcastle and the investment-research software Octagon AI.
Reportedly, Andrew Ng, managing basic accomplice at AI Fund, who beforehand led AI initiatives at Google and Baidu, joined Amazon’s board in April.
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Introduces Jivi-RadX-v1
On October 5, Jivi AI Co-Founder and CEO Ankur Jain introduced the introduction of Jivi-RadX-v1, Jivi’s newest vision-based LLM mannequin. “Constructed to help radiologists in making quicker, extra correct choices, Jivi-RadX dives deep into advanced picture information, delivering sharper insights like by no means earlier than,” Ankur stated in a LinkedIn publish.
“Jivi-RadX is among the top-performing fashions, scoring a formidable 75 % and surpassing OpenAI’s GPT-4 in addition to different state-of-the-art fashions like Microsoft’s Llava-Med and Stanford’s ChexAgent-8b,” he added.
