Devoted Health is valued at $1.8 billion in funding led by Andreessen

Still, it’s not easy to find profits, because so much of the money from the government goes directly into providing coverage, which can be very costly. There are ancillary businesses that insurers can eventually create, like a network of primary care clinics. “The market is huge and disruptive models can do well,” said Andy Slavitt, […]

Kai-Fu Lee, CEO of Sinovation Ventures, on Dec. 17, 2015.

U.S. should double A.I. funding

As China becomes more active in artificial intelligence, the U.S. should double the amount it spends on research in the field, says investor and AI practitioner Kai-Fu Lee, who has worked for Google, Microsoft and Apple. The comments come after various parts of the U.S. government have made AI announcements, even as the U.S. overall […]

National Institute of Health aerial view

AI research needs more funding at NIH, NIST and others, says House report

In a bipartisan new report on artificial intelligence, Rep. Will Hurd, R-Texas, chair of the House Oversight and Government Reform Subcommittee on IT, and Ranking Member Rep. Robin Kelly, D-Illinois, put forth funding and policy recommendations for addressing AI’s impact on the public and private sectors – including healthcare. WHY IT MATTERS As artificial intelligence […]

Nicole Eagan, chief executive of DarkTrace, speaks at a conference in San Francisco, California, U.S.

Cybersecurity startup Darktrace raises $50 million in Series E funding

David Paul | Bloomberg | Getty Images Nicole Eagan, chief executive of DarkTrace, speaks at a conference in San Francisco, California, U.S. British cybersecurity start-up Darktrace has raised $50 million in a funding round that values the firm at $1.65 billion. The investment, announced on Thursday, was led by European private equity firm Vitruvian Partners […]

Getaround carshare service raises $300 million in new funding round

Getaround carshare service raises $300 million in new funding round

Getaround, the car-share company that lets drivers rent their vehicles to strangers, is gearing up for more growth fueled by a new round of funding. The San Francisco company has raised $300 million in Series D funding led by the SoftBank Vision Fund. Toyota and company insiders also provided money in the latest financing round. […]