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A sign for Microsoft Corp. at the company’s office in the central business district of Lisbon, Portugal, Dec. 27, 2022.

Zed Jameson | Bloomberg | Getty Images

Microsoft’s speech recognition subsidiary Nuance Communications on Tuesday announced its AI-powered clinical notes application is coming to Epic Systems to help reduce physicians’ administrative workloads. 

Epic is a health care software company that helps hospitals and other health systems store, share and access electronic health records. More than 500,000 physicians and 306 million patients across the globe use Epic’s offerings, and the company has long-standing partnerships with both Microsoft and Nuance. 

The companies are collaborating to build a system that can carry out many of clinicians’ backend administrative responsibilities. Nuance told CNBC Tuesday that integrating its latest solution, Dragon Ambient eXperience (DAX) Express, into Epic is a “major step” toward that goal. 

DAX Express automatically generates a draft clinical note within seconds after a patient visit. It can record a conversation between a doctor and a patient in real time and create a note using a combination of existing artificial intelligence and OpenAI’s newest model, GPT-4.

“I think the magical thing here is that that note is produced not in an hour, but in a matter of seconds,” Garrett Adams, product lead for Epic’s ambulatory division, told CNBC in an interview Tuesday. “So whereas it would have taken them so much longer than that to type it out manually, they now get it better, faster and with a level of convenience that wasn’t even really possible to imagine a decade ago.”

Nuance, which Microsoft acquired for around $16 billion in 2021, sells tools for recognizing and transcribing speech during doctor office visits, customer-service calls, and voicemails. The company first announced its DAX Express solution in March, and it said in a release Tuesday that the technology is saving clinicians around 7 minutes per patient encounter.

Many doctors and nurses across the U.S. are struggling to keep up with burdensome clerical work, so this time is a valuable commodity in the healthcare industry.

A study funded by the American Medical Association in 2016 found that for every hour a physician spent with a patient, doctors spent an additional two hours on administrative tasks. The study said that physicians also tend to spend an additional one to two hours doing clerical work outside of working hours, in what many refer to as “pajama time.”

“The last thing they want to do is pajama time,” Peter Durlach, chief strategy officer at Nuance told CNBC in an interview Tuesday. Adams added that Nuance’s technology will also allow physicians to be more present while they are meeting with patients.

“The provider is able to sit and really focus on what the patient is saying, without thinking about all of the other things in the back of their mind that they need to keep track of,” he said. “The patient feels a lot more connected, a lot more listened to.”

Nuance has strict data agreements with its customers, so patient data is fully encrypted and runs in HIPAA-compliant environments.

DAX Express for Epic will be available in a private preview capacity for select users this summer, and Durlach said the company hopes to expand to general availability in the first quarter of 2024.

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AMD announces $6 billion buyback; shares climb 6%

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AMD announces  billion buyback; shares climb 6%

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019.

Steve Marcus | Reuters

AMD said on Wednesday that its board of directors approved $6 billion in share buybacks. The stock climbed 6%.

The authorization is in addition to $4 billion in existing approved share repurchases, the company said.

“Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” AMD CEO Lisa Su said in a statement.

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AMD, the most important artificial intelligence chip company aside from Nvidia, reported 96 cents in earnings per share on $7.44 billion in revenue in its fiscal first quarter.

AMD announced a deal potentially worth $10 billion in investment on Tuesday to support an AI company called Humain in Saudi Arabia with chips. Su was in Saudi Arabia this week to announce the deal.

AMD said that it would provide graphics processors for AI as well as central processors needed to build AI servers to Humain, which is also buying Nvidia processors. Bank of America analyst Vivek Arya added $10 to his price target for AMD, bringing it to $130 per share, on the news.

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Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges

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Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges

Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China.

Cheng Xin | Getty Images News | Getty Images

Tencent on Wednesday reported an annual rise in its top and bottom line in the first quarter fuelled by accelerated growth in its key gaming business.

While revenue beat expectations, its net profit fell short.

Here’s how Tencent did in the first quarter of 2025 versus LSEG estimates:

  • Revenue: 180.02 billion Chinese yuan ($25 billion), versus 174.63 billion yuan expected
  • Net profit: 47.8 billion yuan, versus 52.2 billion yuan expected

Revenue rose 13% year-on-year, while net profit was up 14%.

This breaking news story is being updated.

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Sony shares rise about 2% in volatile trading following share buyback announcement

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Sony shares rise about 2% in volatile trading following share buyback announcement

A file photo of Hiroki Totoki, Sony Group Corporation executive, delivering a keynote address at CES 2025 in Las Vegas, on January 6, 2025. 

Artur Widak | Nurphoto | Getty Images

Sony Group shares rose about 2% Wednesday in volatile trading after the Japanese conglomerate announced a 250 billion yen ($1.7 billion) share buyback and operating income beat estimates.   

Operating income for the last three months of the financial year came in at 203.6 billion yen, beating mean analyst estimates of 192.2 billion yen, though it was down 11% from the same period last year. 

In the earnings report, the Japanese-based electronics, entertainment and finance company announced a stock buyback of shares worth 250 billion yen. 

Sony also provided details on a partial spinoff of its financial unit. The company plans to distribute slightly more than 80% of the shares of common stock of the spinoff to shareholders of Sony Group through dividends. 

The financial unit will list its financial operation this year and will be classified as a discontinued operation in Sony’s accounting from the current quarter, the company added. 

However, Sony’s outlook for the current financial year ending in March was lackluster.

The company forecasted its operating profit to rise a slight 0.3% to 1.28 trillion yen, after flagging a 100 billion yen hit from U.S. President Donald Trump’s trade war.

Yet, Sony clarified that the estimated tariff impact did not reflect the trade deal made between the U.S. and China on May 12 and that the actual impact could vary significantly. 

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