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Surge in FDA-Approved AI Medical Devices Signals a New Era in Healthcare Innovation
The number of FDA-authorized medical devices using artificial intelligence (AI) has surged over the past decade, reaching 950 as of August 7, 2024. While the first AI-enabled device was approved in 1995, growth has accelerated since 2015, driven by advances in connectivity, increased investment, and a better understanding of software regulation in healthcare. In 2023…
Read MorePrivate Equity’s Growing Investment in Sports
Investing in Sports Private equity’s interest in sports is rapidly growing, as investing in the sector proves to be a lucrative and resilient investment. Sports Industry Investment Opportunity With sports teams, leagues, and media properties offering stability and long-term returns, private equity firms are increasingly targeting these assets. The global appeal of sports, coupled with…
Read MoreRecord Surge in Sports Industry M&A and Private Equity Investments in 2024, Driven by Fan Engagement and Technology
In 2024, the sports industry saw a record year for mergers and acquisitions (M&A), with a 44% increase in deals compared to 2023, totaling 410 transactions. This surge was mainly driven by a rise in private equity investments, growing fan engagement, and the emergence of sports technology. Private equity deals nearly doubled from 96 in…
Read MoreImpact of New Executive Orders on FDA’s Medical Device and AI Regulations
Recently, the new administration released executive orders signed by US President Donald Trump that may impact the FDA’s oversight of medical devices and digital health products. Key points include: Regulatory Freeze: A new executive order halts the FDA from issuing or proposing new rules until reviewed and approved by an appointed agency head. This could…
Read MoreTech For Good: The Future of Healthcare is Digital
The healthcare industry is rapidly evolving with the integration of innovative technologies such as connected devices, wearables, surgical robots, and smart bandages. These advancements are driving the medical device market towards a projected value of USD 94.2 billion by 2026, aiming to improve care quality, efficiency, and accessibility. A major focus is on shifting toward…
Read MoreBig Moves in Pro Pickleball: New Investors Join AZ Drive with $10M+ Deal
Big news in the world of pro pickleball! A group of investors has purchased a controlling stake in Arizona-based MLP team AZ Drive, valuing the franchise at over $10 million. The new ownership group includes Charles Darling and Tim Fyke of Proton Sports, NFL legend Jack Plummer, and financial pro Jeff Tsao. They join existing…
Read MoreCould energy transition could be a $50 trillion investment opportunity in the coming decades?
J.P. Morgan Chase & Co. is bucking a trend embraced by many of its Wall Street peers: transition finance. This strategy, aimed at funding activities that help reduce carbon emissions across the economy, operates in a regulatory gray area. Despite this, corporate decarbonization is seen as a massive business opportunity, with Apollo Global Management estimating…
Read MoreFederal Reserve Faces Uncertainty Over Future Rate Cuts Amid Strong Economy and Policy Shifts
Federal Reserve officials are expected to continue reducing interest rates at their December 2024 meeting, but the extent of future rate cuts is uncertain. The minutes from the Fed’s November meeting, set to be released on November 27, will show debates among officials regarding the economy’s strong performance despite slower job growth and rising inflation.…
Read MoreFinance leaders weigh healthcare AI investments against returns
Finance leaders weigh AI healthcare investments against returns In 2024, 15% of providers and 25% of payers indicate they have a defined AI healthcare strategy. U.S. healthcare providers and payers have significantly increased their IT spending, focusing on AI, cybersecurity, and IT infrastructure. AI Adoption in Healthcare: AI adoption is progressing, with 15% of providers…
Read MoreBritain’s Historic Transition: The End of Coal Power and the Path to Sustainable Energy
This week, the closure of Britain’s last operating coal power plant marks the end of over 140 years of coal-fired electricity, showcasing that major economies can effectively transition away from this fossil fuel. Dave Jones from Ember highlights the symbolic nature of this achievement, as Britain was the first country to rely heavily on coal…
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