OpenAI acquires healthcare startup Torch, deal pegged at $100 million

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OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools.

The deal is valued at about $100 million in equity, according to media reports.

Torch is a small healthcare technology startup that focuses on unifying fragmented medical data such as lab results, medications, and doctor visit records into a single, AI-readable system.

“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” ChatGPT said in a post…



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OpenAI acquires healthcare startup Torch, deal pegged at $100 million



OpenAI on Monday announced that it has acquired healthtech startup Torch as part of its strategic push into artificial intelligence (AI)-powered healthcare tools.

The deal is valued at about $100 million in equity, according to media reports.

Torch is a small healthcare technology startup that focuses on unifying fragmented medical data such as lab results, medications, and doctor visit records into a single, AI-readable system.

“Bringing this together with ChatGPT Health opens up a new way to understand and manage your health,” ChatGPT said in a post…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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