📰Daily AI News Summary 📰
🔍 75% of Business Leaders See AI as Key to Competitive Advantage: Report
🌐 Gemini Live AI Assistant Now Available in 9 Indian Languages
🏥 How Medi Assist is Using AI to Speed Up Hospital Discharges and Tackle Fraud
🖼️ New AI Framework for Medical Imaging Matches Clinical Specialists' Accuracy
🧠 Pilot AI-Powered Apps Can Detect Depression Early via Eyes and Facial Gestures
A new report reveals that 75% of global business leaders recognize AI as a vital component of maintaining their competitive edge. The study highlights how AI is being integrated into operations, decision-making, and customer service to boost efficiency, reduce costs, and drive innovation across industries.Three out of four business leaders agree that their competitive advantage is dependent on making the best use of artificial intelligence (AI) and tools like Generative AI (GenAI) and machine learning, according to Experian’s latest report conducted by Forrester Consulting.The report delves into the insights of senior decision-makers across four key domains: strategic priorities, data and analytics, technology, and risk management. The research surveyed 1,320 C-suite executives and directors from the financial services and telecommunications sectors across ten countries in the EMEA and APAC regions, including India, Australia, Denmark, Germany, Italy, New Zealand, Norway, South Africa, Spain, and the Netherlands.
Gemini Live, a popular AI assistant, is now accessible in Hindi, Bengali, and seven other Indian languages. This expansion allows users across India to leverage the assistant for tasks such as language translation, answering queries, and more. The service can be used via mobile apps, making AI-powered support more inclusive and widespread.Google today announced a slew of new AI-powered features at the company's 10th Google for India event. One of the biggest announcements at the event was support for the Gemini Live AI assistant in major Indian languages, including Hindi, Bengali, Kannada, Malayalam, Marathi, Telugu, Tamil and Urdu.Explaining the functionality of Gemini Live in a blogpost, Google wrote, “Gemini Live responds in real-time, adapts to your conversation style, and allows you to interrupt, ask follow-up questions, or come back later - perfect for learning new concepts or brainstorming.
Medi Assist, a health benefits administrator, is leveraging AI to streamline hospital discharge processes and tackle fraud. Their AI tools assess patient discharge times, ensure faster processing, and detect suspicious claims, resulting in both enhanced patient experiences and a reduction in fraudulent activities.Last month, 7,000 patients across Fortis, HN Reliance Foundation, and Sahyadri left hospitals without the usual long wait for final bills-a quiet but significant shift in a healthcare system where discharges typically stretch for hours. A new artificial intelligence system lets patients settle their accounts quickly and avoid the frustrating wait.Medi Assist, one of India's largest third-party administrators for health insurance, used AI to predict each patient's out-of-pocket expenses with a margin of plus-minus 500 rupees, allowing for faster settlements and fewer delays."It's the difference between leaving a hospital frustrated or feeling relieved," says Satish Gidugu, CEO of Medi Assist. "For many, the uncertainty around bills at discharge can be as stressful as the treatment itself. We wanted to change that.
Researchers have developed a new AI framework capable of matching the diagnostic accuracy of clinical specialists in medical imaging. This AI technology enhances precision in detecting conditions such as cancer and cardiovascular diseases, offering a promising tool for healthcare professionals to improve diagnostic outcomes.AI powerhouse OpenAI recently concluded its second edition of OpenAI DevDay, the company’s developer conference. While the OpenAI DevDay 2023 showcased a plethora of offerings such as the GPT-4 Turbo, Assistants API, and Custom GPTs among others, this year’s conference was more of a subdued event without major product launches. However, the event showcased some incremental upgrades and how the company aims to chart its future course. OpenAI showcased four innovations – Vision Fine-Tuning, Realtime API, Prompt Caching, and Model Distillation at the event.
Pilot AI apps are being tested to detect early signs of depression by analyzing eye movements and facial expressions. These apps use machine learning algorithms to monitor subtle changes in a person’s behaviour, offering a proactive approach to mental health care by identifying emotional distress before it worse and these apps offer a proactive approach to mental health by identifying subtle emotional distress before it escalates.
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