Economic news
SoftBank Group launches AI healthcare joint venture with Tempus AI
2024.06.27 03:58
(Corrects final paragraph to say Tempus AI listed in June, not May)
TOKYO (Reuters) -Japanese technology investor SoftBank (TYO:) Group has launched a joint venture with Tempus AI that aims to analyse personal medical data with artificial intelligence (AI) to come up with treatment recommendations.
This is the latest in a string of AI investments SoftBank has recently announced as it increases the pace of its investment activity after a muted few years.
SoftBank invested around $200 million in Tempus in its series G funding round in April before Tempus listed on the Nasdaq in June.
($1 = 160.4700 yen)