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Alibaba releases open medical AI model for reading abdominal CT scans

Alibaba's Damo Academy has open-sourced RADAR, an AI model that the company says can read CT scans and identify about 150 abdominal conditions, including cancers. A study published in Science tested it on nearly 40,000 real-world exams and reported that it outperformed most radiologists, according to the South China Morning Post.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Infrastructure
Infrastructure

Pure Data Centres raises $780 million for regional build-out

Pure Data Centres Group, backed by Oaktree Capital Management, has raised $780 million in financing to help fund a build-out across Europe and the Middle East. The financing includes an option to expand it by a further $1.1 billion.

Science
Science

MIT-led team receives up to $38 million for disease-monitoring patch

An MIT-led team has received funding from the U.S. Advanced Research Projects Agency for Health for a four-year project worth up to $38 million to develop a wearable patch that continuously monitors biomarkers of heart disease and sepsis.

Capital
Capital

EloElo raises $80M Series C at $500M valuation

India-based EloElo raised an $80M Series C led by Hornbill Capital and NBCU at a $500M valuation, TechCrunch reported. Its Story TV microdrama app has 33M+ estimated active users. The financing comes as more than 118 million users watch microdramas every month in India.

Capital
Capital

EIC Scaling Club reports €4.06bn raised by member companies

Companies in the European Innovation Council's Scaling Club have raised €4.06bn since joining, according to a new report from the initiative. The programme supports 120 scale-ups from 26 countries; its analysis uses Dealroom data through 29 September 2026.