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Morning Headlines 11/13/24

November 12, 2024 Headlines No Comments

$3 billion startup Sword Health cuts some physical therapists as it ramps up AI to treat more patients

Digital physical therapy services provider Sword Health reportedly lays off 13 physical therapists, about 17% of its clinicians, as it prepares for an IPO and follows through on plans to manage more patients using AI.

23andMe cuts 40% of its workforce and discontinues therapeutics division

23andMe will eliminate 200 roles and shutter its therapeutics division in an effort to restructure its business, which has seen declining revenue and plummeting shares over the last 12 months.

Quadrivia: Babylon founder Ali Parsa launches AI assistant for doctors, gets seed funding from Swedish VC Norrsken

Babylon founder Ali Parsa launches healthcare AI assistant company Quadrivia with seed funding from Norrsken.



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