Microsoft on Thursday announced new health-care data and artificial intelligence tools, including a collection of medical imaging models, a health-care agent service and an automated documentation solution for nurses.
The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. Nurses spend as much as 41% of their time on documentation, according to a report from the Office of the Surgeon General.
“By integrating AI into health care, our goal is to reduce the strain on medical staff, foster the collective health team collaboration, enhance the overall efficiency of healthcare systems across the country,” Mary Varghese Presti, vice president of portfolio evolution and incubation at Microsoft Health and Life Sciences, said in a prerecorded briefing with reporters.
The new tools are the latest example of Microsoft’s efforts to establish itself as a leader in health-care AI. Last October, the company unveiled a series of health features across its Azure cloud and Fabric analytics platform. It also acquired Nuance Communications, which offers speech-to-text AI solutions for health care and other sectors, in a $16 billion deal in 2021.
Many of the solutions Microsoft announced on Thursday are in the early stages of development or only available in preview. Health-care organizations will test and validate them before the company rolls them out more broadly.Microsoft declined to share what these new tools will cost.
Health-care AI models
Microsoft’s model catalog
Courtesy of Microsoft
Roughly 80% of hospital and health system visits include an imaging exam because doctors often rely on images to help treat patients.
Microsoft is launching a collection of open-source multimodal AI models that can analyze data types beyond just text, such as medical images, clinical records and genomic data. Health-care organizations can use the models to build new applications and tools.
For example, digitizing a single pathology slide can require more than a gigabyte of storage, so many existing AI pathology models have trained on small pieces of slides at a time. Microsoft and Providence Health & Services built a whole-slide model that improves on mutation prediction and cancer subtyping, according to a paper published in the peer-reviewed journal Nature.
Now, health systems can build on it and fine-tune it to meet their needs.
“Getting a whole-slide foundation model for pathology has been a challenge in the past … and now we’re actually able to do it,” Sara Vaezy, chief strategy and digital officer at Providence, told CNBC in an interview. “It was really sort of a game changer.”
The models are available in the model catalog within Azure AI Studio, which serves as Microsoft’s generative AI development hub.
Health-care agent service
Microsoft’s health-care agent service.
Courtesy of Microsoft
Microsoft also announced a new way for health systems to build AI agents.
AI agents vary in complexity, but they can help users answer questions, automate processes and perform specific tasks.
Through Microsoft Copilot Studio, these organizations can create agents equipped with health-care-specific safeguards. When an answer contains a reference to clinical evidence, for instance, the source is shown, and a note indicates if the answer is AI-generated. Fabrications and omissions are also flagged, Microsoft said.
For example, a health-care organization could build an AI agent to help doctors identify relevant clinical trials for a patient. Microsoft said a physician could type the question, “What clinical trials for a male 55-year-old with diabetes and interstitial lung disease?” and receive a list of potential options. It would save the doctor the time and effort of finding each trial.
AI agents that can help patients answer basic questions have been popular among the health systems that have already begun testing the service, Hadas Bitran, general manager of health AI at Microsoft Health and Life Sciences, said in a Q&A with reporters. Agents that can help doctors answer questions about recent guidelines and patients’ history are also common, she added.
Microsoft’s health-care agent service is available in a preview capacity starting Thursday.
Bringing automated documentation to nurses
In August, Microsoft announced that the next phase of its partnership with Epic Systems would be dedicated to building an AI-powered documentation tool for nurses, and the company detailed those plans on Thursday.
Epic is a health-care software vendor that houses the electronic health records of more than 280 million people in the U.S. It has a yearslong relationship with Microsoft.
Microsoft’s Nuance already offers an automated documentation tool for doctors called DAX Copilot, which it unveiled last year. It allows doctors to consensually record their visits with patients, and AI automatically transforms them into clinical notes and summaries.
Ideally, this means doctors don’t have to spend time typing out these notes themselves every time they see a patient.
The technology has exploded in popularity this year. Nuance announced that DAX Copilot was generally available within Epic’s electronic health record in January – a coveted stamp of approval within the health-care industry. Integrating a tool like DAX Copilot directly into doctors’ EHR workflow means they won’t need to switch apps to access it, which helps save time and reduces administrative workload.
But so far, DAX Copilot has only been available to doctors. Microsoft said that’s changing. It’s building a similar tool optimized for nurses.
“The nursing workflow is very different from that of physicians, and any solution developed for nurses needs to integrate with the way they work,” Presti said during the briefing. “Our team has spent hours shadowing nurses during their shifts to see how they carry out their tasks and to discover where the greatest points of friction exist throughout their day.”
Microsoft is working with organizations like Stanford Health Care, Northwestern Medicine and Tampa General Hospital to develop it.
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.
Kazuhiro Nogi | Afp | Getty Images
A sector-wide pullback hit Asian chip stocks Friday, led by a steep decline in SoftBank, after Nvidia‘s sharp drop overnight defied its stronger-than-expected earnings and bullish outlook.
SoftBank plunged more than 10% in Tokyo. The Japanese tech conglomerate recently offloaded its Nvidia shares but still controls British semiconductor company Arm, which supplies Nvidia with chip architecture and designs.
SoftBank is also involved in a number of AI ventures that use Nvidia’s technology, including the $500 billion Stargate project for data centers in the U.S.
South Korea’s SK Hynix fell nearly 10%. The memory chip maker is Nvidia’s top supplier of high-bandwidth memory used in AI applications. Samsung Electronics, a rival that also supplies Nvidia with memory, fell over 5%.
Taiwan’s Hon Hai Precision Industry, also known as Foxconn, which manufactures server racks designed for AI workloads, dipped 4%.
The retreat in major Asian semiconductor giants comes after Nvidia fell over 3% in the U.S. on Thursday, despite beating Wall Street expectations in its third-quarter earnings the night before.
The company also provided stronger-than-expected fourth-quarter sales guidance, which analysts said could lift earnings expectations across the sector.
However, smaller chip players in Asia were not spared either.
In Tokyo, Renesas Electronics, a key Nvidia supplier, fell 2.3%. Tokyo Electron, which provides essential chipmaking equipment to foundries that manufacture Nvidia’s chips, was down 5.32%.
Another Japanese chip equipment maker, Lasertec, was down over 3.5%.
An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.
Roselle Chen | Reuters
Air taxi maker Joby Aviation in a new lawsuit accused competitor Archer Aviation of using stolen information by a former employee to “one-up” a partnership deal with a real estate developer.
“This is corporate espionage, planned and premeditated,” Joby said in the lawsuit filed Wednesday in a California Superior Court in Santa Cruz, where the company is based.
Archer and Joby did not immediately respond to CNBC’s request for comment.
The lawsuit alleges that former U.S. state and local policy lead, George Kivork, downloaded dozens of files and sent some content to his personal email two days before he resigned in July to take a job at Archer, which had recruited him.
By August, Joby said a partner that worked with Kivork said it had been approached by Archer with a “more lucrative deal.” Joby alleges that the eVTOL rival’s understanding of “highly confidential” details helped it leverage negotiations.
Joby also said the developer attempted to terminate the agreement, citing a breach of confidentiality.
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Kivork refused to return the files when Joby approached him after conducting an investigation, according to the suit. The company also said Archer denied wrongdoing, and would not disclose how it learned about the terms of the agreement or provide results from an internal investigation it allegedly undertook.
The lawsuit comes during a busy period for electric vertical takeoff and landing (eVTOL) technology as companies race to gain Federal Aviation Administration certification to start flying commercially. ‘
Joby argued in the complaint that it’s “imperative” to protect Joby’s work “from this type of espionage” to promote the sector’s success and ensure fair competition.
Last week, Joby said it completed its first test flight for a hybrid aircraft it’s working on with defense contractor L3Harris. This month, Amazon-backed Beta Technologies, another electric flight company, also went public on the New York Stock Exchange.
Joby shares have more than doubled over the last year, while Archer is up about 68%.
In August 2023, Archer settled a previous legal dispute with Boeing-owned Wisk Aero over the alleged theft of trade secrets. As part of the deal, Archer agreed to use Wisk as its autonomous tech partner.
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : There was an ugly reversal in the market Thursday. Stocks soared for most of the morning in reaction to Nvidia ‘s strong quarter, bullish outlook on AI spending, and pushback that customers weren’t generating a sufficient return on their investment. Nvidia shares climbed as high as $196 on Thursday — a roughly 5% gain — and its gravitational pull helped lift other technology and AI-adjacent industrial stocks. The market’s gains pushed the S & P 500 into positive territory for the week. However, around 11 a.m. ET, the market began to fall rapidly, with technology and industrial names leading the decline. Nvidia gave up all of its gains and dropped 2%. Bitcoin hit its lowest level since late April. Notable defensive stocks like consumer staples held onto their gains, though. That resilience reinforces our decision to diversify further, which we did earlier this week , by adding Procter & Gamble to the portfolio. The S & P 500’s decline has pushed the index back toward the lows of its recent downturn, marking a roughly 5% pullback from its high. It remains to be seen whether Thursday’s reversal is a sign of investors continuing to retreat from risk assets or simply a retest of the recent downdraft. But Nvidia’s earnings report gave zero indication of a slowdown in demand for AI compute. Interest rate cut: Expectations for a 25-basis-point rate cut at the Federal Open Market Committee’s next meeting in December continue to fluctuate. One month ago, a rate cut seemed like a sure thing with a 98.8% probability, according to the CME FedWatch Tool . But the odds dropped to about 50% a week ago after a slew of hawkish commentary from Federal Reserve members. On Wednesday, the odds of a cut plummeted to 30% after the release of the October Fed minutes, which showed that the central bank was hesitant to lower rates again this year. But after the long-delayed September jobs data finally came out Thursday, the probability of a 25-basis-point reduction jumped to 40%. Although the economy added 119,000 jobs in September, more than double the forecasted figure, the unemployment rate ticked higher. The Fed is in a bind, trying to balance a softening labor market against the risk that a rate cut could reignite inflation. Up next: Gap, Ross Stores , Intuit , and Veeva Systems report after the closing bell. BJ’s Wholesale Club will post results Friday morning. On the economic data side, tomorrow we’ll get November’s S & P Global Flash PMI for Manufacturing and Services, along with the University of Michigan’s consumer sentiment survey. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.