Hippocratic AI, a generative AI firm creating safety-focused massive language fashions for healthcare, launched with $50 million in seed funding.
The funding spherical was co-led by Common Catalyst and Andreessen Horowitz.
WHAT THEY DO
Hippocratic AI is constructing a big language mannequin for healthcare, initially concentrating on non-diagnostic, patient-facing purposes. The corporate is specializing in certification, making certain correct bedside method for affected person well-being and reinforcement studying from human suggestions (RLHF) via a panel of healthcare professionals.
The corporate stated the purpose is to cut back healthcare prices, increase entry to care and improve the provision and availability of healthcare staff.
The California-based firm was based by a group of hospital directors, physicians, Medicare professionals, and AI researchers from Johns Hopkins, Nvidia, Washington College in St. Louis, El Camino Well being, UPenn, Stanford and Google.
„The healthcare trade wants its personal AI platform, one that’s centered on empowering the workforce, lowering burnout, and enhancing affected person security and experiences with the healthcare system. We joined forces with the Hippocratic AI group, our well being assurance ecosystem, and the a16z group to construct this platform. Our objective is to basically improve the provision and scalability of healthcare professionals. That is the important thing to reaching the well being assurance imaginative and prescient: a extra proactive, extra reasonably priced, and equitable system of look after all,“ Hemant Taneja, CEO and managing director at Common Catalyst, stated in a press release.
MARKET SNAPSHOT
Hippocratic AI’s cofounder and CEO, Munjal Shah, based visible search engine Like.com, which Google acquired in 2010. Andreessen Horowitz additionally invested in Like.com.
Shah has cofounded quite a few different corporations, together with Well being Fairness Labs, which develops a FICO-type rating for well being, and Well being IQ, an AI-enabled platform that evaluations seniors‘ well being data to help them in deciding on a Medicare Benefit plan.
Generative AI instruments and huge language fashions have made their manner into healthcare.
In April, Google introduced that Med-PaLM 2, the tech big’s medical massive language mannequin, can be out there to pick Google Cloud clients inside weeks of its announcement to share suggestions, discover use circumstances and for restricted testing.
Med-PaLM 2 is a generative AI expertise that makes use of Google’s LLMs to reply medical questions.
The usage of GPT-4 inside healthcare has additionally been closely explored and debated, with some specialists saying it’s already making an influence within the medical setting.
