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GE HealthCare Announces Deals in AI

August 4, 2024  | Arash Pia

GE HealthCare on July 25th, 2024, announced a collaboration with Amazon Web Services (AWS) to develop purpose-built foundation models and generative artificial intelligence (AI) applications. According to the GE HealthCare press release, the company intends to utilize Amazon Bedrock to amplify the advantages of generative AI for their customers and build its own proprietary generative AI applications for healthcare use cases.

“This new collaboration with AWS allows us to build on our legacy of innovation by embracing the power of AI to expedite the creation of medical technologies that we expect will redefine clinical workflows and the delivery of care,” said Peter Arduini, President and CEO, GE HealthCare.

Furthermore, GE HealthCare’s internal developers are planning to use Amazon Q Developer to accelerate software development by generating real-time code suggestions, securely completing tasks, and more.

This collaboration follows a GE HealthCare announcement earlier this month to acquire an AI company.  GE HealthCare announced an agreement with Welsh company Intelligent Ultrasound to acquire the company’s clinical AI driven software business.  Intelligent Ultrasound provides products that train clinicians in the classroom and support them in the clinic with real-time AI image analysis software.

“We are pleased to bring innovative technology from Intelligent Ultrasound into GE HealthCare’s Ultrasound portfolio, allowing us to fully integrate these solutions into our systems to help clinicians improve workflow, reduce repetitive tasks, and simplify exams,” said Phil Rackliffe, president and CEO of Ultrasound and Image Guided Therapies, GE HealthCare.

The sale and purchase agreement does not include Intelligent Ultrasound’s NeedleTrainer and NeedleTrainer Plus products, which will remain with the Company, along with the Simulation Business. The deal is reportedly on a cash free/debt free basis worth about $51 million.

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Arash Pia

Arash Pia focuses his practice on providing patent prosecution and litigation services for his clients.

Arash received his J.D. from Loyola Law School, Los Angeles while he was working full time as a Civil Engineer. At law school, he worked as a mentor for incoming law students. He also worked as a mentor for the award-winning Judge Stephen O’Neil Trial Advocacy Mentoring Program.

Arash received his Bachelor of Science in Civil Engineering from California State Polytechnic University in Pomona. He later received his Master of Science degree also in Civil Engineering from the University of Southern California’s Viterbi School of Engineering in Los Angeles. Before joining the firm, Arash worked on a variety of multi-million-dollar civil design and construction projects, including port facilities, educational buildings, and gas transmission systems. He is a licensed Professional Engineer in the State of California.

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