Tempus AI, Inc. (TEM) Expands into Digital Pathology with Paige Acquisition

Tempus AI, Inc. (NASDAQ:TEM) is one of the best Robinhood stocks to buy right now. On August 22, the company confirmed the acquisition of Paige, an artificial intelligence company specializing in digital pathology, for $81.25 million.

Founded in 2017, Paige is the owner of the first FDA-cleared AI application in pathology. It offers solutions and data sets that help researchers better detect cancer. It also aims to advance precision medicine through the use of AI applications in healthcare.

With the acquisition, Tempus AI is expected to gain access to a dataset of nearly 7 million digitized pathology slide images, along with clinical and molecular data. The data available spans 45 countries and diverse demographic information; it will also absorb commitments under the existing Microsoft Azure cloud services agreement.

“As we embark upon building the largest foundation model that’s ever been built in oncology, the acquisition of Paige substantially accelerates our efforts,” said Eric Lefkofsky, Founder and CEO of Tempus

Tempus AI, Inc. (NASDAQ:TEM) is a technology company that utilizes artificial intelligence (AI) to advance precision medicine, enabling the personalization of patient care and enhancing healthcare outcomes. The company collects and analyzes vast amounts of multimodal patient data—including genomic, clinical, and imaging data—to create a comprehensive library of de-identified information.

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Disclosure: None. This article is originally published at Insider Monkey.