Nvidia Joins Big Tech Hyperscalers At HLTH Conference, Partners With Microsoft To Drive AI Innovations

Tech giants like Nvidia Corp NVDA, Alphabet Inc GOOGL GOOG Google, and Microsoft Corp MSFT descended in Las Vegas this week to showcase artificial intelligence (AI) tools they claim can significantly reduce the administrative burden on healthcare professionals.

The HLTH healthcare technology conference, expected to attract over 12,000 industry leaders, kicked off Sunday with AI-powered solutions designed to streamline documentation and patient care taking center stage, CNBC reported.

Tech companies like Google and Microsoft see this as an opportunity to deploy AI to ease the strain on healthcare systems, a sector that could reach $6.8 trillion in spending by the end of the decade.

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Microsoft and Nvidia are expanding their partnership to accelerate innovation for AI startups in the healthcare and life sciences. They announced during the HLTH healthcare innovation conference, where both companies revealed plans to support startups with cloud credits, AI software, and technical assistance to advance their work in areas like digital health.

The initiative will leverage Microsoft’s Azure cloud platform and Nvidia’s AI capabilities to provide startups with cutting-edge tools. The collaboration aims to broaden the reach of AI-driven healthcare solutions by connecting the Nvidia Inception program with Microsoft for Startups.

Nvidia will contribute its AI expertise, including 10,000 inference credits for using GPU-optimized models and access to the full suite of Nvidia Clara platforms specialized in healthcare and life sciences. Startups will also have early access to Nvidia’s healthcare offerings and opportunities to connect with investors and industry partners.

Microsoft will provide up to $150,000 in Azure credits and $200,000 in business tools to each participating startup, along with access to the company’s Pegasus Program, which offers go-to-market support. Both companies will offer technical workshops to help startups develop applications using Nvidia’s technology stack on Azure.

The first phase of the partnership will focus on companies working in digital health and life sciences, with plans to extend the initiative to startups in other industries in the future.

Both companies utilize Nvidia GPUs and Azure’s HIPAA-compliant cloud environment to ensure security and privacy in their AI-driven solutions.

Also on Monday, Nvidia revealed its collaboration with Aidoc, a startup that provides AI solutions for healthcare organizations to enhance workflows, improve data precision, and boost patient care. Together, they will develop a framework called “Blueprint for Resilient Integration and Deployment of Guided Excellence” (BRIDGE) to speed up AI implementation within the healthcare sector.

Bank of America’s Vivek Arya called Nvidia a “generational opportunity” due to its strong market dominance in the AI chip market. He noted that Nvidia could access a $400 billion market by 2024.

Beth Kindig of I/O Fund expects Nvidia to reach a $10 trillion valuation by 2025 courtesy of its Blackwell chips.

Price Action: NVDA stock is up 3.19% at $142.20 at last check Monday.

Image via Shutterstock

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