KUALA LUMPUR (Dec 13): European start-ups using artificial intelligence (AI) in healthcare are becoming the new rage for venture capitalists. The Financial Times-backed Sifted, which reports news and analysis of European start-ups and their founders, investors and partners, last week said in November alone, biotech company Owkin and telehealth firm SWORD Health both became unicorns. It quoted Owkin head of strategy Anna Huyhues-Despointes as saying that some of the biggest cheques in healthtech this year were written for companies using AI to assist in drug and treatment development. But [start-ups using AI] are as well. The report added that big pharma companies are starting to report real results from working with AI start-ups.

Source: The Edge Markets December 13, 2021 08:13 UTC