SoftBank forms AI healthcare JV in Japan with Tempus [TechCrunch]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: TechCrunch
health tech company Tempus . Together, the pair plan to develop AI-powered personalized medical services, by way of analyzing data in Japan under the name SB Tempus. The company plans to start with oncology. Cancer remains the biggest cause of death in Japan, according to Son, whose father passed away last year because of the disease. This move underscores Son's ambitious, wider focus on AI. Today, during the ad-hoc press conference, he filled out some details around a more specific application within that: the medical industry. SoftBank's ties with Tempus precede today's JV news. It invested $200 million in Tempus in April, right before Tempus's Nasdaq debut earlier this month . Tempus, once valued at $8.1 billion in 2022, raised nearly $411 million at a valuation of more than $6 billion via its IPO. Its valuation, however, has not stood up: it's market cap currently is $4.5 billion The U.S.-based genomic testing and data analysis company was started by serial entrepreneur an
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