Microsoft Aims to Transform Healthcare with New AI Tools
Microsoft (MSFT) is unveiling innovative artificial intelligence (AI) tools tailored for the healthcare industry.
These tools will enable healthcare organizations to create their own AI applications more efficiently. Additionally, they aim to reduce the significant time clinicians spend on documentation—an essential yet time-consuming aspect of modern healthcare.
A recent CNBC report highlighted that nurses spend around 40% of their workday on documentation tasks, indicating that streamlining this process could lead to substantial improvements in efficiency. Recently, Microsoft has been enhancing its presence in the healthcare sector by introducing new tools to its Azure cloud computing platform.
Challenges for Microsoft’s Gaming Division
In other news, Microsoft’s gaming division is facing challenges. Reports suggest that the company has withdrawn Xbox services from several markets across Europe, the Middle East, and Africa.
Moreover, Microsoft has confirmed it will not sell Xbox hardware in Saudi Arabia. The reasons behind this pullback remain unclear, yet it may provide an opening for competitors like Sony (SONY) and Nintendo (NTDOY).
What Do Analysts Say About Microsoft Stock?
On Wall Street, analysts hold a Strong Buy consensus rating for MSFT stock, based on 26 Buy ratings and three Hold ratings in the past three months. The stock has appreciated by 26.25% over the last year. Currently, the average price target for MSFT stands at $503.70 per share, suggesting a potential upside of 21.05%.
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