The Future of Digital Health at CES 2024

∆ Tech in the News

Siri-GPT - A leak claims Apple plans to incorporate genAI into Siri for more natural conversations and user personalization by its June Dev Conference.

GPT Store Coming - OpenAI’s app store for custom apps based on its AI models will launch next week, but all apps must comply with “brand guidelines.”

“Cellphone Towers in Space” - Elon Musk announced that Starlink has launched the first-ever “direct-to-cell” service satellites for use with LTE phones.

“Year of the AI PC" - Microsoft just revealed a new Copilot key for Windows keyboards to simplify AI use, in the first major keyboard change in 30 years.

VR/AR Chips - Qualcomm unveiled its new Snapdragon XR2+ Gen 2 chip designed to power virtual and mixed reality devices with better 4.3K Res graphics.

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˚The Hottest Thing in Tech this Week

3 Digital Health Trends To Watch at CES 2024

Even with a massive boost after COVID-19, the Digital Health market is still relatively nascent and one to watch at CES 2024. Deloitte is starting things off with a Digital Health session featuring input from Google and Adobe at CES covering the forces reshaping health, which includes the growing demand from empowered consumers for insights, convenience, access, and personalized experiences.

1. Wearables & Health Monitoring Devices

One major trend is the explosion in demand for wearables like the Fitbit, iWatch, and other wearables monitoring overall health. On Tuesday Ultrahuman will release an update to their suite of self-quantification health devices. Sharp will unveil its “Non-contact Vital Sensors” for precision health monitoring. Nomo will reveal its Smart Care home health device to monitor elderly relatives’ health. 

2. Remote Health

Many of us first experienced Telehealth during COVID-19, but the trend has continued as many opt to access care (including mental health) outside of care locations. One exciting product at CES 2024 is Co-Dx which brings real-time PCR testing to homes, businesses, and care facilities with their compact device. Co-Dx uses cloud tech to provide highly accurate PCR results in 30 minutes for viruses.

3. Integrated Health Data & AI

Many AI health solutions are already analyzing all available data and patient histories to identify illnesses and effective treatments in seconds rather than days or weeks. For example, Humetrix will share its AI-powered platform that securely translates medical terms and prescriptions into 20+ languages across 150+ countries, enabling instant sharing of data between patients and healthcare providers throughout the world. Finally, Blueskeye AI will announce a platform that lets health tech companies integrate clinical-grade AI analysis of medically relevant “expressed behavior” into their products.

NewsBytes

• California Senator tables bills to regulate and support AI in academia.

• TikTok revealed a NY resolution to take Amazon’s e-commerce crown.

• Google wrote a ‘Robot Constitution’ so its AI droids won’t kill us.

Deals We’re Watching

Founders to Watch and Opportunities to Catch

Open Deals:

Raising for your startup? 

Send us your Open Round —> [email protected]

Bean Trade - An AI prompt marketplace reshaping how prompt engineers monetize their skills and how users leverage AI. Looking for strategic angels.

Elwood - Brings artists together through low-latency platform for online music collaboration and looking for a few investors to close out their round.

TruePrep.AI - Simplifies the entire tax process with AI to eradicate manual tasks and errors. Previous YC. Raising their first round of funding.

Touchcast - Uses GenAI to create interactive commerce sites for retailers to train virtual salespeople, and is now raising Series B funding.

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Closed Deals:

Mining Money - Arkon Energy raised $110M to grow its U.S.-based bitcoin mining capacity and launch an AI cloud service in Norway.

Majority Stake - Global Asset Manager Blackstone made its first Japanese FinTech investment with its purchase of Sony Payment Services from Sony Bank.

Law x AI - legal tech startup Robin AI closed a $26M Series B round led by Temasek to automate contract drafting and negotiation processes.  

Replicate - Enabling 2M devs to access 25k+ open sourced AI models including Stable Diffusion 2.0 and Llama 2, raised a $40M Series B led by a16z to bring the total raised to ~$58M.

AI-driven Search - Bezos, Nvidia, Databricks, & Nat Friedman backed Perplexity AI’s $74M raise at $520M PMV to take on Google and Bing.

Companies to Watch:

Cloud-Native Security - Insight Partners and Lightspeed backed Aqua Security’s $60M Series E extension at $1B+. Aqua has 500+ enterprise clients (incl. 40% of the Fortune 100) and 6/10 of the top 10 banks in North America.

Intel Spinoff - Investment firm DigitalBridge and Intel partnered to launch Articul8 AI, a startup offering genAI software solutions for enterprises using Intel Hardware targeting large companies in regulated industries.

The Funding Buzz

Columbia Capital - Secured $977M for two funds to invest in communications and tech startups. 

Goldman Sachs - Closed its debut life sciences-focused VC fund at $650M exceeding its target by $150M to back early to mid-stage therapeutic startups.

Plaid & Robinhood Alums - Early-stage VC firm Exponent Founders Capital emerged from stealth with $75M committed to invest in early-stage startups.

Re-Onshoring - The U.S. plans to award $162M in grants to boost domestic production of semiconductor chips and microcontroller units domestically.

Tools and Buzzy Tech

Google - Working on an ”Advanced” Bard for paid Google One subscriptions.

Moonwalkers X - The robotic shoes just got lighter and smarter.

Samsung - Galaxy S24 to offer "all-new mobile experience powered by AI."

Quantum x AI - Scientists try “quantum machine learning” to speed up AI.

Replacing Transformers - Mamba model may be next big thing in AI scaling.

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It’s a new year, new Buzz! Stay tuned for more of our latest releases and don’t forget to check out Fantasy Buzz if you have not done so already! And be sure to check out our year-end stories for 2023 to recap what you missed last year and our tech to watch in 2024!

1. AI recap of 2023 

2. Your Top Stories of 2023

3. 5 Tech Trends to Watch in 2024

Stay buzzy and Happy New Year!

The Tech Buzz Team