Is this email difficult to read? View it in a web browser. ›

The Wall Street Journal. The Wall Street Journal.

Sponsored by
Deloitte logo.

Abridge, Whose AI App Takes Notes for Doctors, Valued at $5.3 Billion at Funding

By Tom Loftus

 

What's up: U.S. tells companies to prepare for Iranian cyberattacks; Tesla's robotaxis are here; a U.S.-made phone for $1,999.

Abridge co-founder and Chief Executive Dr. Shiv Rao Photo: Abridge

Good morning. It's getting to where nearly every sector—from financial services and life sciences to the skilled trades—is starting to be transformed by generative AI. 

Gaining traction in healthcare is a new crop of startups offering so-called ambient-listening tech, which tunes in to the exchanges between doctor and patient and then transcribes the conversations.

On Tuesday, one of those startups, Abridge, which automates doctors’ note-taking with artificial intelligence, announced that it had raised $300 million in funding.

The round, led by venture-capital firm Andreessen Horowitz with participation from Khosla Ventures, values the startup at $5.3 billion. In February, Abridge raised $250 million at a valuation of $2.75 billion. 

Abridge’s technology is now used in over 150 large health systems nationwide, the startup said, expanding from just a handful a few years ago when the Pittsburgh- and San Francisco-based startup was still piloting its technology, said co-founder and Chief Executive Dr. Shiv Rao.

“Since then, we’ve seen healthcare take up generative AI-centered solutions faster than any other industry,” he said. Read the story.

 
Content from our sponsor: Deloitte
Effective Strategies for Turning Cyber Risk Data Into Business Insights

Dashboards that slice and dice outcome-oriented cyber risk metrics in an easily digestible way can help effectively translate “cyber speak” to “business speak.” Read More

More articles for CIOs from Deloitte
 
Share this email with a friend.
Forward ›
Forwarded this email by a friend?
Sign Up Here ›
 

Cybersecurity

Iran-linked hackers broke into systems at a water plant in Aliquippa, Pa., in 2023, defacing the screens of some equipment with anti-Israeli propaganda, according to U.S. officials. Photo: Municipal Water Authority of Aliquippa/Associated Press

The U.S. government and state regulators warned companies to watch for cyberattacks linked to the conflict with Iran, urging them to bolster their defenses, WSJ Pro Cyber reports.

Iran’s cyber offensives are often geared more toward disinformation and psychological operations, and don’t display the advanced tradecraft of China or Russia, said Brandon Wales, former executive director of the Cybersecurity and Infrastructure Security Agency.

“They’re getting better, and they’ve demonstrated the ability to exploit vulnerabilities very quickly once they are identified. But their tactics tend to be more easily stopped by competent security programs,” said Wales, vice president of cybersecurity strategy at SentinelOne.

 

On the Road

A Tesla robotaxi in Austin, Texas, on Sunday. Photo: Tim Goessman/Bloomberg News

Tesla rolled out its robotaxi service in Austin to a select group of invitees on Sunday, opening the electric-vehicle maker to the growing autonomous ride-hailing market, where its technology will be put to the test against market leader Waymo. But it might have to address some issues first. Already riders are posting videos of robotaxis appearing to violate traffic laws, Bloomberg reports.

Ford Motor still faces difficulties obtaining magnets made with rare-earth elements, despite a deal the U.S. struck with China to ease export controls, a company executive said Monday. Ford in May stopped production at a vehicle factory in the Chicago area because of a magnet shortage, the WSJ reported.

German car-parts company Continental said it has partnered with semiconductor company GlobalFoundries  to design its own computer chips for vehicles, WSJ reports.

 

CIO Reading List

DHL’s Stretch robot can unload around 580 cases an hour, almost twice the rate of a human unloader. Photo: Brian Kaiser for WSJ

Long considered the holy grail of automation, robots built to unload trucks are becoming a reality thanks to improved sensors and algorithms, advancements in AI and faster image-processing technology, WSJ reports. DHL, FedEx and Walmart are among the companies either testing or putting the robots to work.

Speaking of holy grails…a smartphone built in the U.S. actually exists. The Liberty Phone from Purism is powered by chips made in Texas and a motherboard built in house, WSJ reports. Phones are assembled in Carlsbad, Calif. Alas, screens and batteries come from China and the rear-facing camera comes from South Korea. Also, it doesn't run on Android, but its own PureOS. But still…progress!

 

🎧 Oracle unveils Pentagon initiative. Oracle is lending a hand to small tech companies that want to do business with the U.S. government. WSJ CIO reporter Belle Lin brings us the exclusive details of a new program, and what’s in it for the multinational tech giant.

 

The AI data center revolution is unequally distributed, according to a report from Oxford University researchers. Only 32 countries house the world’s most powerful data centers, the New York Times reports, citing the study. The U.S., China and the European Union dominate the market, with Africa and South America housing only a handful of data centers.

Amazon.com plans to invest about $54 billion in the U.K. over the next three years, expanding its warehouse network and artificial-intelligence infrastructure to bulk up its e-commerce and cloud operations, WSJ reports.

Amazon sent 27 of its Kuiper internet satellites hurdling into space Monday, doubling the number of satellites it has in low Earth orbit to 54, CNBC reports. SpaceX's Starlink currently has 8,000 satellites in orbit. 

Former Intel CEO Pat Gelsinger will join the board of Snowcap Compute, after the AI chip startup raised $23 million, Reuters reports.

  • Former Intel CEO Pat Gelsinger Makes a Few More Long-Shot Bets
 

Everything Else You Need to Know

Israel vowed to “respond with force” after it said Iran fired missiles at the country despite an agreement to halt the fighting. Meanwhile, Iran accused Israel of attacking it in three waves within less than half an hour of President Trump saying the truce had gone into effect. (WSJ)

Federal law-enforcement officials are on high alert for domestic retaliation in response to the U.S. bombing in Iran, warning of potential Tehran-backed plots and cyberattacks. (WSJ)

The Supreme Court on Monday cleared the way for the Trump administration to swiftly deport certain migrants to countries they aren’t from. (WSJ)

The U.S. bombing of Iran and direct involvement in Israel’s conflict has added a fresh dose of uncertainty to a U.S. economic picture that was already looking pretty muddled. (WSJ)


Deloitte Logo.
 

About Us

The WSJ CIO Journal Team is Steven Rosenbush, Isabelle Bousquette and Belle Lin.

The editor, Tom Loftus, can be reached at thomas.loftus@wsj.com.

 
Desktop, tablet and mobile. Desktop, tablet and mobile.
Access WSJ‌.com and our mobile apps. Subscribe
Apple app store icon. Google app store icon.
Unsubscribe   |    Newsletters & Alerts   |    Contact Us   |    Privacy Policy   |    Cookie Policy
Dow Jones & Company, Inc. 4300 U.S. Ro‌ute 1 No‌rth Monm‌outh Junc‌tion, N‌J 088‌52
You are currently subscribed as [email address suppressed]. For further assistance, please contact Customer Service at sup‌port@wsj.com or 1-80‌0-JOURNAL.
Copyright 2025 Dow Jones & Company, Inc.   |   All Rights Reserved.
Unsubscribe