<div>
  <ul>
    <li>
      <p>
        Bicycle Health, an addiction treatment provider, has partnered with Wellpath, a provider of correctional and behavioral healthcare services, and the Federal Bureau of Prisons to provide virtual opioid use disorder treatment to incarcerated individuals. Initially, Bicycle Health will provide its services to individuals in residential reentry centers (RRCs) across 42 states, with plans to expand to other states in the future.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Given the security measures in-place at the centers, Bicycle will be offering variations to its service offering. Where video consulting is not an option, Bicycle Health will use audio-based treatment. Additionally, Bicycle will employ variations to its drug testing and prescription practices for the same reasons.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Bicycle Health provides personalized treatment plans that are delivered online via its mobile app. The company offers Medication for Addiction Treatment using Suboxone to reduce opioid cravings. Services provided by Bicycle include access to the patient&rsquo;s care team, same-day prescription refills, peer support groups, psychotherapy, and in-home diagnostic testing.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst Quicktake: </b>
        This program is one of the many virtual healthcare programs that could face challenges due to the 
        <a href="https://sp-edge.com/updates/16679">
          recently proposed law changes by the Drug Enforcement Agency (DEA)
        </a>
         with regard to prescribing controlled substances virtually. Should the DEA&rsquo;s proposed law pass, incarcerated individuals in certain federal prisons might not be able to gain access to critical opioid use disorder medications, such as buprenorphine (named on the DEA&rsquo;s list of controlled substances), which could have a negative impact on patients and startups in the online prescription space. 
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2023/02/23/2614403/0/en/Bicycle-Health-and-Wellpath-Team-Up-to-Provide-Opioid-Use-Disorder-Treatment-to-Federal-Bureau-of-Prisons.html">
      Globe Newswire
    </a>
  </p>
  <p>
    <a href="https://www.fiercehealthcare.com/digital-health/bicycle-health-teams-wellpath-and-bureau-prisons-virtual-oud-treatment">
      Fierce Healthcare
    </a>
  </p>
  <p>
  </p>
</div>


Mental Health Tech

Bicycle Health partners with Wellpath and the Federal Bureau of Prisons to provide treatment to incarcerated individuals

Promising research and receding stigma are giving investors cannabis-boom flashbacks.

Psychedelic Medicine

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 <p>A UK-based psychedelic company, Compass Pathways, and Journey Clinical, a psychotherapy platform, have formed a research collaboration. Their aim is to investigate the deployment and health provider training for COMP360 psilocybin treatment for treatment-resistant depression (TRD), which is currently being reviewed by the FDA.</p>
 <p>The collaboration will involve sharing information about the delivery model of the COMP360 program. If the FDA approves COMP360 for TRD, the partners will further analyze patient experiences, reimbursement processes, innovative care pathways. They will also examine therapist training and treatment settings.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> As Compass Pathways nears FDA approval for its psilocybin program, it is actively partnering with others to support its product development initiatives. In January 2024, it partnered with <a href="https:<br>
//sp-edge.com/updates/25618"> Hackensack Meridian Health </a> to support research efforts using psilocybin in mental health treatments. Also, during the same month, it partnered with <a href="https:<br>
//sp-edge.com/updates/25237"> Greenbrook TMS </a> to explore delivery models for the COMP360 program.</p>

Compass Pathways and Journey Clinical collaborate to develop deployment and training model for COMP360 psilocybin treatment

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

TD Ameritrade fined USD 600,000 by FINRA over inconsistent automated approval system

Platforms, apps, and cards to keep the corporate wallet in check

Business Expense Management

INCUMBENTS_PRESENT

<div>
 <p>Ascend Software has collaborated with Pagero, a provider of e-invoicing solutions. The partnership will enhance invoice processing automation and compliance for users of Workday Financial Management.</p>
 <p>They plan to automate nearly 80% of supplier invoices, thus reducing manual data entry, by integrating these services into the existing financial infrastructure. This partnership emphasizes on global compliance and complete automation of the invoice process.</p>
 <p>Pagero, based in Norway, operates a Smart Business Network that facilitates the secure exchange of business documents like orders, invoices, and payment instructions. It aims to optimize order-to-cash and purchase-to-pay processes, leveraging significant and reliable data, regardless of location, industry, size, or pre-existing systems. This is achieved through its open network and associated value-added applications.</p>
</div> <p><b>Analyst QuickTake</b> :<br>
 The partnership follows Ascend Software’s launch of <a href="https:<br>
//sp-edge.com/updates/28428"> Ascend Payments </a> , where it is likely to leverage the new solution to automate payments for supplier invoices.</p>

Ascend Software partners with Pagero to automate global invoice processing and compliance

<div>
 
 <p>Accounts payable and receivable automation platform, Paymerang, has formed a partnership with M3 Accounting Solutions. The aim of this partnership is to incorporate Paymerang's payment automation technology into M3 Accounting Core's customer offerings.</p>
 <p>Post partnership, Paymerang's AP automation solutions will be combined with M3 Accounting Core solution via an API. This will allow hotel finance teams to instigate electronic payments to vendors directly. The automation process is expected to reduce manual tasks and lessen potential fraud risks related to check issuance.</p>
 <p>This feature is predicted to provide immediate access to financial data to hotel operators and enhance overall efficiency.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The new partnership results from M3’s restructured strategic alliance program, which aims to strengthen its integrations with AP automation solutions.&nbsp;This also follows on the <a href="https:<br>
//sp-edge.com/updates/28896"> recent partnership </a> M3 announced with AvidXchange to provide M3 customers access to AvidXchange payment automation technology.&nbsp;</p>

Paymerang partners with M3 to streamline accounting processes for hoteliers

Clean, congestion-free air travel gets liftoff

Passenger eVTOL Aircraft

<div>
 
 <p>EHang Holdings Limited, an autonomous aerial vehicle technology company, has collaborated with Greater Bay Technology Co., Ltd. (GBT) to develop the first ultra-fast charging and extreme-fast-charging battery solutions for EHang's eVTOL aircraft.</p>
 <p>The partnership between EHang and GBT will lead to the development of advanced power system components for the eVTOL aircraft industry. The fast-charging technology will enable the aircraft's batteries to charge from 30% to 80% within 5–10 minutes, improving the performance, stability, and operational efficiency of eVTOL aircraft.</p>
 
</div>

EHang Holdings partners with Greater Bay Technology to develop ultra-fast-charging for eVTOL aircraft

<div>
 
 <p>EHang Holdings Limited, an autonomous aerial vehicle technology company, has collaborated with Multi-Level Group (MLG) and the Abu Dhabi Investment Office (ADIO) to further the development and implementation of electric vertical take-off and landing vehicles (eVTOLs) in the United Arab Emirates (UAE).</p>
 <p>This partnership is expected to lead to the establishment of a regional hub in Abu Dhabi. The hub will focus on manufacturing, flight operations, and research and development relating to eVTOLs. The goal is to revolutionize goods and passenger transportation using eVTOL technology.</p>
 
</div>

EHang partners with Multi Level Group and Abu Dhabi Investment Office to boost eVTOL development in UAE

Exploring the limitless possibilities of AI

Generative AI Applications

<div>
 
 <p>A GDPR complaint has been filed in Austria against OpenAI by privacy rights organization noyb. The complaint is on behalf of a public figure, alleging that ChatGPT, a product of OpenAI, produced incorrect personal details, specifically a wrong birth date. The complaint asserts that OpenAI refused to correct this misinformation, rather opting to filter or block the data based on distinct prompts.</p>

 <p>This complaint hints at potential non-compliance with GDPR rights by OpenAI, which include rectifying and deleting incorrect data. OpenAI has been criticized by noyb over transparency issues. As per noyb, the company failed to identify the origin of data or disclose any information when a subject access request (SAR) was raised.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The complaint could lead to significant GDPR enforcement actions against OpenAI, potentially requiring changes in how its AI tools process data in the EU. This situation is complicated by ongoing investigations in other EU countries, like Poland and Italy, where similar data accuracy and transparency issues have been reported.</p>

OpenAI faces privacy complaint in Austria for potential GDPR violations

<div>
 
 <p>The US National Institute of Standards and Technology (NIST) has launched a program named "NIST GenAI". The program is designed to evaluate GenAI technologies, including those that generate text and images.</p>
 <p>The duties of NIST GenAI include releasing benchmarks, pioneering detection systems for "content authenticity", and promoting software development to identify artificial, misleading or fake information created by AI. It intends to organize a series of challenge problems to determine the strengths and weaknesses of GenAI technologies. The ultimate goal is to ensure a responsible handling of digital content and to give importance to the authenticity of information.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> The launch of NIST GenAI is a response to President Joe Biden's executive order on AI, which aims to increase transparency from AI companies and establish new standards, including labeling content generated by AI. NIST GenAI is an evaluation program that assesses GenAI technologies and provides a platform for testing and evaluation. This announcement comes after the appointment of Paul Christiano, a former OpenAI researcher, to NIST's AI Safety Institute.</p>

NIST announces NIST GenAI for evaluating GenAI technologies

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

<div>
 <p>President Joe Biden has enacted a law requiring ByteDance, the parent company of TikTok, to sell the platform within 270 days. If ByteDance fails to comply, TikTok will face a nationwide ban. The law, which went into effect following Biden's signature on April 24, sets the deadline for sale at January 19, 2025.</p>
 <p>This legislation was approved by congress earlier in the week, forming part of a foreign aid package aimed at Ukraine and Israel.&nbsp;</p>
 <p>ByteDance is expected to question the law, and the Chinese government has already expressed its objection to the sale of TikTok. It has enacted a new legislative measure regulating the export of algorithms.</p>
 
</div>

Biden signs off on TikTok divest or ban law

<div>
 
 <p>OpenAI has declared a strategic partnership and licensing agreement with news publisher, Financial Times (FT). The collaboration aims to improve ChatGPT with attributed content and improve its models by integrating FT journalism. The partnership will also focus on developing new AI products and features for FT readers. Additionally, this will enable ChatGPT users to view select attributed summaries, quotes, and links to FT journalism based on relevant queries.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This partnership recognizes the importance of compensating publishers for using their content to enable transparency. Last month, OpenAI formed strategic <a href="https:<br>
//sp-edge.com/updates/27567"> partnerships </a> with French newspaper Le Monde and Spanish media company Prisa Media 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>

All Updates