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Business Times
4 days ago
- Business
- Business Times
Singapore SMEs can tap Japanese technology for innovative solutions
[SINGAPORE] Small and medium-sized enterprises (SMEs) can work with Japanese giants to find applications for innovative technology or develop new solutions together, under an initiative that is now in its second year. The second Japanese Corporates Technology Innovation (JCTI) Launchpad networking event on Thursday (May 29) featured six Japanese multinational corporations (MNCs) – one more than the inaugural event in 2024. Returning for a second year are electronics manufacturers Ricoh, Panasonic and Nisshinbo; Mitsui Chemicals; and packaging maker Toyo Seikan Group. They are joined by adhesive maker Nitto Denko, which is seeking partners for a stress-monitoring smart watch. Nitto Denko was one of four participants showcasing 'co-development-ready' technology and intellectual property (IP) – innovations that have been developed but need to be tested or applied. The companies are therefore seeking Singapore SMEs as proof-of-concept partners. A NEWSLETTER FOR YOU Friday, 8.30 am SGSME Get updates on Singapore's SME community, along with profiles, news and tips. Sign Up Sign Up Nisshinbo and Toyo Seikan did not give details of specific technologies, but attended to network with local SMEs and seek potential partnerships. Since the JCTI Launchpad began last year, eight projects have been formed across sectors such as sustainability, chemicals and communications. Matching innovation and application The JCTI Launchpad event this year is organised by Enterprise Singapore subsidiary Innovation Partner for Impact (IPI), the Japan External Trade Organization (Jetro) and business consulting firm N9. It aims to match advanced technologies from Japan with Singapore companies who can put them to good use. In a media release, the organisers noted that Japan has a wealth of IP, yet many corporate technologies are underutilised – while Singaporean companies and startups are looking for unique technologies but face challenges in adapting and accessing them. Under the JCTI Launchpad, Singapore SMEs can license or source technology from the MNCs, or work together to co-develop solutions. 'It is heartening that our Japanese partners are generous with sharing their technologies and know-how with our local SMEs,' said IPI chief operating officer Michael Goh. 'The beauty of working with diverse corporations across different industries is the diverse types of technologies our SMEs can access,' he added. IPI helps local SMEs collaborate with technology providers, research institutions, and other companies. For example, local water treatment supplier Bioflux is partnering Panasonic to develop a coating that prevents algae and scale from forming on cooling towers and chillers. Bioflux managing director Michael Ng said: 'As Panasonic is a huge company, we hope this collaboration will allow us to work more closely with them and develop better water treatment services for Singapore.' Nitto Denko's senior business development manager Sugihara Takaya noted that the technology in Singapore 'is more mature and comfortable to work with', adding: 'We hope that Singapore can be a stepping stone for us to reach out to other regions in the future.' The company has embedded optical sensors and 3-axis acceleration sensors into a wristwatch, allowing it to track the wearer's stress level. It is looking for partners that can either diversify the type of wearable devices using this technology; diversify algorithms to enhance the application of data; or expand business channels in healthcare across Asia, the US and Europe.
Miami Herald
6 days ago
- Health
- Miami Herald
Ambience Healthcare's AI Platform Surpasses Clinician Performance by 27% in Medical Coding, Powered by New OpenAI Breakthrough
Ambience's latest AI model reduces coding errors and targets $266 billion in annual administrative waste SAN FRANCISCO, CA / ACCESS Newswire / May 27, 2025 / Ambience Healthcare today announced a major advancement in ambient AI, unveiling the first AI model that outperforms board-certified physicians in ICD-10 coding accuracy. Trained using OpenAI's Reinforcement Fine-Tuning (RFT) technology, Ambience's AI platform achieved a 27% relative improvement over physician benchmarks-reducing coding errors by approximately one-quarter and offering a powerful tool to tackle the $266 billion in annual administrative waste, including $19 billion in diagnosis coding & documentation substantiation errors. This new model identifies precise ICD-10 codes based on patient encounters, which feed into Ambience's 'coding-aware' scribe. By leveraging these codes first, the scribe generates a fully informed note-allowing clinicians to review and confirm accurate documentation and coding in real time. "Think of this technology as a scribe that fluently speaks both clinical language and the intricate healthcare billing rulebook from day one," said William H. Morris, MD, MBA, Chief Medical Officer of Ambience Healthcare. "Our platform helps clinicians finish their notes faster and ensures that revenue cycle teams receive cleaner, more accurate, and audit-ready charts." Ambience is live across inpatient, outpatient, and emergency settings at health systems throughout the United States, supporting over 100 medical specialties with real-time, compliant documentation. Clinicians at more than 40 organizations including UCSF Health, St. Luke's Health System, Houston Methodist, John Muir Health, and Memorial Hermann Health System leverage Ambience before, during, and after patient encounters to generate compliant documentation, alleviate burnout, and enhance care quality. How Ambience's "Coding-Aware" AI Scribe WorksAmbience Healthcare's platform streamlines the clinical documentation and coding process: Clinicians simply tap 'Record' on their device, conduct patient visits as usual, and then review a draft note, complete with suggested ICD-10 and CPT codes;Ambience integrates natively with major EHRs-including Epic, Oracle Cerner, and athenahealth-ensuring that after clinicians review and sign off, the complete and coded documentation is automatically filed back into the patient's record;By addressing coding at the point of care, Ambience eliminates downstream compliance issues and the time-consuming back-and-forth queries between clinicians and coding/billing departments. "We built for compliance at the core of our platform because health systems need assurance that AI technology in the workflow can stand up to audits, protect reimbursement, and support clinical documentation integrity," said Michael Ng, CEO and Co-Founder of Ambience Healthcare. "The stakes of getting this wrong are too high for compliance to be an afterthought." Validated Results with RFT TechnologyTo validate its AI's mastery of the "coding rulebook," Ambience assembled a "gold-panel" test dataset of complex clinical cases spanning multiple medical specialties. Each encounter was meticulously labeled by a consensus of four or more expert clinicians to establish a high-quality ground truth. "Reinforcement Fine-Tuning lets developers align powerful AI models with the precision and robustness that high-stakes domains like healthcare demand," said Shyamal Anadkat, Head of Startup Solutions at OpenAI. "Ambience's results show how RFT can lift the performance of AI systems in safety-critical environments". The Ambience model was benchmarked against 18 experienced, board-certified physicians on ICD-10 coding accuracy. The results were significant: Ambience's AI demonstrated a 27% relative improvement in coding performance compared to the expert physician baseline, suggesting the model could help eliminate up to one quarter of the coding errors even the most seasoned clinicians make. About Ambience HealthcareAmbience Healthcare is the leading AI platform for clinical documentation, CDI, and coding-built to ensure compliance, eliminate administrative burden, and improve care delivery. Trusted by top health systems across North America, Ambience's platform is live across outpatient, emergency, and inpatient settings, supporting more than 100 specialties with real-time, coding-aware documentation. The platform integrates directly with Epic, Oracle Cerner, athenahealth, and other major EHRs. Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience is headquartered in San Francisco and backed by Andreessen Horowitz, OpenAI Startup Fund, Kleiner Perkins, and other leading investors. Media ContactKarina StabileAria Marketing for Ambience Healthcarekstabile@ SOURCE: Ambience
The Star
6 days ago
- General
- The Star
Concern over Seremban Forest Heights roundabout plan
The developer of the Forest Heights neighbourhood in Seremban, Negri Sembilan, recently announced plans to construct a roundabout at the Forest Park junction – site of a fatal accident on April 1, last year. The proposal has received approval from Seremban City Council (MBS), with construction costs to be borne by the company. While the roundabout is meant to improve traffic flow into Forest Heights, many residents are uncertain whether this measure adequately addresses the broader safety and congestion issues. Forest Heights comprises a primary school, a college and multiple residential areas. Notably, Taman Dusun Setia, which is accessed via a narrow sloped road, contributes significantly to traffic congestion, particularly during school drop-off and pick-up hours. Vehicles entering and exiting the neighbourhood add to the peak-hour bottlenecks on Persiaran Forest Heights 2. The junction at Taman Dusun Setia is also situated on an incline, posing a serious safety hazard. It is not uncommon to witness drivers attempting to turn left or right without properly yielding to oncoming traffic, leading to several near-misses. Given all this, it is unclear whether a roundabout alone can resolve the existing traffic congestion or improve safety. Without accompanying measures such as traffic lights or better regulation at the Persiaran Forest Heights 2 junction, the situation may worsen or merely shift congestion to another point. A more comprehensive traffic management solution is needed, one that accounts for peak-hour congestion, school zones and the unique road layout of the area. We urge the authorities and the developer to engage with the local community and traffic experts to explore safer and more effective long-term solutions. Public safety and proper traffic regulation must remain the top priorities in all urban planning decisions. Additionally, existing sodium vapour streetlights along Persiaran Forest Heights 2 are dim, making it difficult to see clearly at night. MBS should look into replacing these streetlights with LED lights which are brighter and more energy efficient, which can also lead to long-term cost savings. Michael Ng Forest Heights, Seremban
Yahoo
22-05-2025
- Business
- Yahoo
Apple Leans Into AI at WWDC, GS Sets $253 Target
Goldman Sachs analyst Michael Ng sees heavy AI emphasis at Apple's (NASDAQ:AAPL) Worldwide Developers Conference, forecasting developer access to Apple's in-house models and potential Gemini AI integration on iPhonesechoing Alphabet's Sundar Pichai remark that a mid-2025 Apple partnership could be imminent. Ng, who maintains a Buy rating with a $253 price target, notes that Apple will need to showcase compelling Apple Intelligence features (think AI-enhanced Siri, on-screen awareness and personal context slated for late 2025/26) before Wall Street fully underwrites AI as a growth lever. Ng expects Apple to refresh iOS, iPadOS, macOS, watchOS, tvOS and visionOS with standardized interfaces and convenience features, including public Wi-Fi syncing and AI-driven battery optimization in iOS 19. He also anticipates Apple opening its large language models to third-party developers and enhancing Siri's capabilities. While AAPL has outperformed the S&P 500 by 12% year-to-date, it slipped 2.31% today as investors weighed near-term AI proof points against lofty expectations. Compared with last year's WWDC, which focused on lock-screen widgets and privacy upgrades, this year's event could mark Apple's most significant AI push yetone that rivals Google's I/O showcase in early May. Why It Matters Investors looking for catalysts will gauge whether Apple's AI demos and OS unification translate into tangible developer enthusiasm and, ultimately, stronger service-revenue growth amid slowing hardware demand. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Apple Leans Into AI at WWDC, GS Sets $253 Target
Goldman Sachs analyst Michael Ng sees heavy AI emphasis at Apple's (NASDAQ:AAPL) Worldwide Developers Conference, forecasting developer access to Apple's in-house models and potential Gemini AI integration on iPhonesechoing Alphabet's Sundar Pichai remark that a mid-2025 Apple partnership could be imminent. Ng, who maintains a Buy rating with a $253 price target, notes that Apple will need to showcase compelling Apple Intelligence features (think AI-enhanced Siri, on-screen awareness and personal context slated for late 2025/26) before Wall Street fully underwrites AI as a growth lever. Ng expects Apple to refresh iOS, iPadOS, macOS, watchOS, tvOS and visionOS with standardized interfaces and convenience features, including public Wi-Fi syncing and AI-driven battery optimization in iOS 19. He also anticipates Apple opening its large language models to third-party developers and enhancing Siri's capabilities. While AAPL has outperformed the S&P 500 by 12% year-to-date, it slipped 2.31% today as investors weighed near-term AI proof points against lofty expectations. Compared with last year's WWDC, which focused on lock-screen widgets and privacy upgrades, this year's event could mark Apple's most significant AI push yetone that rivals Google's I/O showcase in early May. Why It Matters Investors looking for catalysts will gauge whether Apple's AI demos and OS unification translate into tangible developer enthusiasm and, ultimately, stronger service-revenue growth amid slowing hardware demand. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
