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Dell and Northwestern Medicine advance AI in healthcare

EditorEmilio Ghigini
Published 05/04/2024, 14:46
DELL
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ROUND ROCK, Texas - Dell Technologies (NYSE: NYSE:DELL) and Northwestern (NASDAQ:NWE) Medicine have collaborated to enhance patient care by developing a new artificial intelligence (AI) model to interpret chest x-rays. This initiative aims to improve medical outcomes while addressing physician burnout.

The partnership has led to the creation of a generative multimodal large language model (LLM), which assists in drafting radiology reports, thereby supporting physicians' decision-making processes. Jeff Boudreau, Dell's chief AI officer, emphasized the transformative potential of AI in healthcare, stating that the technology can accelerate innovation and save lives.

Under the leadership of Dr. Mozziyar Etemadi, Northwestern Medicine's medical director of Advanced Technologies, the team is working on further AI projects, including an enhanced version of the multimodal LLM for radiology and a predictive model for electronic medical records.

The AI-driven healthcare solutions developed through this collaboration are built within Northwestern Medicine's secure colocation infrastructure, which includes Dell PowerEdge XE9680 servers equipped with NVIDIA (NASDAQ:NVDA) H100 Tensor Core GPUs and other advanced networking and storage technologies.

Dr. Etemadi highlighted the critical nature of AI in healthcare, where the margin for error is minimal, and the potential for positive patient impact is significant. The work with Dell represents a significant step in applying transformative technology to improve patient care outcomes.

This information is based on a press release statement from Dell Technologies.

InvestingPro Insights

Dell Technologies (NYSE: DELL) is not only making strides in healthcare AI but also showing strong performance in the stock market. An InvestingPro Tip highlights that Dell has a high shareholder yield, which could be attractive to investors looking for companies with a potential return of capital. Moreover, Dell's significant return over the last week, with a 1 Week Price Total Return of 11.44%, suggests a positive short-term trend for the company's stock.

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In terms of financial metrics, Dell's Market Cap stands at a robust 90.77 billion USD, reflecting its substantial presence in the Technology Hardware, Storage & Peripherals industry. The company's P/E Ratio is currently at 29.17, but when adjusted for the last twelve months as of Q4 2024, it shows a more favorable figure of 24.14. This lower adjusted P/E ratio, in conjunction with a PEG Ratio of 0.82 for the same period, indicates that Dell's stock might be trading at a low price relative to its near-term earnings growth, which is an encouraging sign for investors considering the stock's future potential.

For readers interested in more in-depth analysis, there are additional InvestingPro Tips available, including insights on Dell's profitability and analysts' predictions for the year. To access these valuable insights and make informed investment decisions, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. Currently, there are 14 additional tips listed on InvestingPro for Dell Technologies, which could provide a comprehensive understanding of the company's financial health and market performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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