<div>
  <ul>
    <li>
      <p>
        Fingerprint identification sensor developer IDEX Biometrics (IDEX) has partnered with TrustSEC, a European provider of digital authentication solutions for access control and crypto wallets, to develop biometric smart card solutions.
      </p>
    </li>
    <li>
      <p>
        These cards will include IDEX&rsquo;s &ldquo;TrustedBio&rdquo; sensor and complementing software while the partner will provide smart card modules including card operating systems and applets.
      </p>
    </li>
    <li>
      <p>
        The company claims the card can secure access to digital- and crypto currency hashwallets and manage access for corporations, schools, and governments.
      </p>
    </li>
    <li>
      <p>
        The company plans to introduce the card to the market in Q1 2023.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2022/10/24/2539651/0/en/IDEX-Biometrics-and-TrustSEC-partner-to-meet-increasing-demand-for-digital-authentication-with-Biometric-Smart-Cards.html">
      Press release
    </a>
  </p>
</div>


Biometric Payments

IDEX Biometrics partners with European digital authentication solutions company TrustSEC to develop biometric smart card

Managing employee health-related benefits

Health Benefits Platforms

<div>
 
 <p>Paytient, a company specializing in a care navigation platform for employee health benefits, has welcomed Joe Gabler into the role of chief growth officer (CGO). This role is considered crucial to the expansion of the company's strategic partnerships with major employers, payers, and pharmacy benefit managers (PBMs). Overall, Gabler's appointment is expected to drive substantial company growth.</p>
 <p>The company highlights Gabler’s extensive career, noting his 20 years of experience in building successful companies and innovating healthcare payment solutions. Gabler's previous roles include a 13-year tenure at SPS Commerce, and a leading role at Solutran, where he was instrumental in the creation of a significant payment network that served a large portion of the Medicare Advantage market. </p>
 
</div>

Paytient appoints Joe Gabler as chief growth officer

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

<div>
 <p>Think Bioscience recently secured USD 6 million in a seed funding round, with contribution from existing investors and YK Bioventures. This latest funding round brings the company's total funds to USD 26 million.</p>
 <p>The new capital will be invested in accelerating the company's drug discovery pipeline and expanding its unique process of identifying new functional pockets on challenging targets.</p>
</div>

Think Bioscience raises USD 6 million in seed expansion funding to expand pipeline

<div>
 <p>Medical diagnostics firm, Lucid Diagnostics, recently closed a Series B-1 Preferred Stock offering that raised $11.6 million. This fundraising effort was led by a long-term institutional investor and brought the total gross funds raised by in the Series B/B-1 rounds to $29.8 million. Lucid plans to use the new funds as working capital for executing its business strategies.</p>
 <p>As a subsidiary of PAVmed, Lucid Diagnostics specializes in early detection and prevention of esophageal cancer, in particular, esophageal adenocarcinoma (EAC). Its primary market consists of patients suffering from gastroesophageal reflux disease (GERD). Lucid offers two proprietary diagnostic solutions: EsoCheck and EsoGuard.</p>
 <p>EsoCheck is a non-invasive device that acquires cell samples from the esophagus. EsoGuard, on the other hand, is a DNA test performed in a lab setting on the samples procured by EsoCheck. Its purpose is to diagnose Barrett’s Esophagus, a condition known to precede EAC.</p>
</div>

Lucid Diagnostics raises USD 11.6 million in Series B-1 Preferred Stock funding to execute business strategies

Foundation Models

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 <p>Amazon has introduced a new model named Titan Text Premier. This model is specially designed for tasks related to text, such as summarizing, creation, classification, and information extraction. Titan Text Premier will be accessible through Amazon Bedrock.</p>
 
 <p>With its versatile capabilities, the Titan Text Premier can perform an array of tasks. These include efficient text generation, improvement of applications such as AI assistance, and acting as an interface for APIs and documents. It comes with specific features like RAG on Knowledge Bases and Function Call on Agents, tailored for use on Amazon Bedrock.</p>
 
</div>

Amazon unveils Titan Text Premier for enhanced text-related tasks in Bedrock

ANALYST_QUICK_TAKE

<div>
 
 <p>OpenAI has announced a strategic partnership and licensing agreement with Dotdash Meredith (DDM), a leading digital and print publisher. The agreement aims to improve the accuracy and reliability of OpenAI's ChatGPT through the inclusion of verified content from DDM.</p>
 <p>The partnership will integrate diverse content from DDM, including trusted recipes, expert-backed health and financial data, popular style and entertainment content, and product evaluations from over 40 media brands. Some of these brands are PEOPLE, Better Homes &amp; Gardens, FOOD &amp; WINE, Verywell, InStyle, and Investopedia.</p>
 <p>In addition to sourcing content from DDM, OpenAI will also include content and links acknowledged to DDM in relevant responses generated by ChatGPT. OpenAI also plans to work with Dotdash Meredith to gain insights from their historical and present data to further enhance the performance of its machine learning model.</p>
 
</div> <p><b>Analyst QuickTake:<br>
&nbsp; </b> OpenAI has been entering numerous partnerships recently with news content publishers. Last month, OpenAI partnered with <a href="https:<br>
//sp-edge.com/updates/28934"> Financial Times </a> to incorporate news content into ChatGPT, and the month before, it formed strategic partnerships with <a href="https:<br>
//sp-edge.com/updates/27567"> French newspaper Le Monde and Spanish media company Prisa Media </a> to access news content through ChatGPT. OpenAI has also made deals with other news organizations to license content to train AI models, including Axel Springer, Politico, and European publications Bild and Welt and The Associated Press.</p>

OpenAI partners with Dotdash Meredith to enhance ChatGPT with media content

<div>
 
 <p>Reports suggest that Microsoft has implemented GPT-4 LLM in a secure, separate cloud named Azure Government Top Secret, specifically for Pentagon officials within the US Department of Defense. </p>
 
 <p>GPT-4's deployment through Azure OpenAI Services is beneficial to the department as it allows for addition and refined tuning of their data, without a breach in security.&nbsp;</p>
 
</div>

Microsoft reportedly deploys OpenAI's GPT-4 in isolated cloud for Department of Defense

<div>

<p>OpenAI has launched a new tool known as Media Manager intended for creators. This tool will enable creators to manage the way their content is used in the development of OpenAI's GenAI model.</p>
<p>Media Manager gives creators the ability to tag their work and dictate how it will be used in the training and research processes of OpenAI's AI systems. The tool also aids in recognizing copyrighted materials like text, images, audio, and video from various sources and ensures they adhere to the creators' set guidelines.</p>
<p>According to OpenAI, the tool will not only offer copyright protection but also broaden the pool of data sources, inclusive of both public and proprietary data obtained through partnerships.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> This Media Manager development news comes amidst OpenAI’s recent partnerships with <a href="https:<br>
//sp-edge.com/updates/28934"> The Financial Times </a> , <a href="https:<br>
//sp-edge.com/updates/27567"> French newspaper Le Monde, and Spanish media company Prisa Media </a> to access news content through ChatGPT. OpenAI has also partnered with other news organizations to license content to train AI models, including Axel Springer, Politico, and European publications Bild and Welt and The Associated Press.</p>

OpenAI introduces Media Manager to control content use in AI training

<div>
 
 <p>OpenAI has announced a new tool for identifying images produced by its DALL-E generator. This tool reportedly achieves around a 98% success rate in identifying DALL-E 3 images, but performs less accurately when confronted with modified DALL-E 3 images and those created by different AI models.</p>
 <p>Additionally, the DALL-E image generator is set to have watermarking features incorporated, in line with the requirements set out by the Coalition for Content Provenance and Authenticity (C2PA) standards.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Detecting AI-generated images has become a challenge amidst deepfakes. Last month, Meta and <a href="https:<br>
//sp-edge.com/updates/28333"> Google </a> claimed they plan to label AI-generated media using the C2PA standard.</p>

OpenAI launches tool to detect images generated from DALL-E

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 
 <p>Microsoft and OpenAI have established a USD 2 million fund with the objective of dealing with potential dangers posed by AI and deepfakes, primarily those threatening democratic processes.</p>
 <p>Initiatives envisaged under this fund primarily concentrate on AI and possible exploitation, including the augmentation of "deep fakes" detection, advocating for ethical AI usage and enhancing the public's AI comprehension. In addition, efforts are underway to limit certain AI features during campaign periods, which forms a component of the actions tech giants are taking to prevent AI abuse.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This initiative could improve societal resilience by promoting a better understanding and literacy of AI among citizens. This would help prevent deception and bolster genuine information, primarily aimed at voters and communities vulnerable to misinformation. Additionally, it intends to spur collaboration and partnerships with organizations that align with their mission.</p>

Microsoft and OpenAI launch USD 2 million fund to address deepfake threats

<div>
 
 <p>Microsoft has unveiled the amalgamation of Azure Web Application Firewall (WAF) and Azure Firewall with Microsoft Copilot for Security. This integration enhances Azure network's security through AI-powered capabilities.</p>
 <p>Copilot's role is to automate security analysis. This automation provides analysts with actionable insights, cuts down the time required for manual investigations, and improves the accuracy of detection via natural language queries.</p>
 <p>Microsoft will release a public preview of these integrations on Microsoft Build on May 21, 2024. This launch comes after internal testing and early customer usage, with continuous refinements based on user feedback.</p>
 
</div>

All Updates