Walmart has acquired Vizio, the TV manufacturer, for $2.3 billion to enhance its advertising capabilities by leveraging Vizio's SmartCast operating system. This strategic move allows Walmart to use Vizio's smart TVs as a platform for its Walmart Connect advertising service, targeting millions of viewers with personalized ads. Vizio, which operates independently under CEO William Wang, has an existing ad-supported streaming service, and the acquisition facilitates a sharing of user data that could improve targeted advertising efforts. Despite past controversies related to user data privacy, Vizio remains a significant player in the advertising sector.

Walmart Acquires Vizio for $2.3 Billion to Boost Smart TV Advertising Gizmodo

A Florida pain management healthcare provider is facing a $1.19 million penalty from the U.S. Department of Health and Human Services due to a data breach involving unauthorized access by an independent contractor. This breach, which affected the electronic protected health information of approximately 34,310 individuals and led to the creation of around 6,500 fraudulent Medicare claims, occurred between September 2018 and February 2019. Investigations revealed that the contractor retained access to the provider's systems for six months after their termination. The Office for Civil Rights found that the provider did not conduct adequate risk analysis and lacked policies for regular review of ePHI access, resulting in significant security failures.

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach National Law Review

Penn Medicine has partnered with Mark Cuban's Cost Plus Drug Company to combat rising medication prices and ongoing drug shortages by purchasing the 100 most frequently dispensed medications from the Cost Plus Marketplace. This initiative, intended to provide more affordable access to essential drugs, comes as Penn Medicine operates 16 retail pharmacies that fill over 1.5 million prescriptions annually. The collaboration represents the third alliance formed with Cost Plus Drugs, joining ScionHealth and Community Health Systems. The Cost Plus Marketplace aims to enhance the availability of medications while CEO Kevin Mahoney noted that savings from eliminating generic medication mark-ups will be reinvested into innovative care solutions, though immediate cost reductions for patients may not be realized at the pharmacy level.

Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages Becker's Hospital Review

Amazon is advancing its position in the artificial intelligence sector with the launch of six new foundation models at the AWS re:Invent conference, offering 75% cost reductions and support for over 200 languages. The company also introduced its latest AI chips, Trainium2, which deliver quadrupled performance and a 50% cost savings compared to NVIDIA's offerings, alongside partnerships including one with Apple. Furthermore, Amazon unveiled Project Rainier, an initiative to develop one of the largest distributed AI supercomputing clusters using extensive Trainium chips to achieve significantly enhanced performance levels.

Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75% LinkedIn

Walmart has acquired Vizio, the TV manufacturer, for $2.3 billion to enhance its advertising capabilities by leveraging Vizio's SmartCast operating system. This strategic move allows Walmart to use Vizio's smart TVs as a platform for its Walmart Connect advertising service, targeting millions of viewers with personalized ads. Vizio, which operates independently under CEO William Wang, has an existing ad-supported streaming service, and the acquisition facilitates a sharing of user data that could improve targeted advertising efforts. Despite past controversies related to user data privacy, Vizio remains a significant player in the advertising sector.

Walmart Acquires Vizio for $2.3 Billion to Boost Smart TV Advertising Gizmodo

A Florida pain management healthcare provider is facing a $1.19 million penalty from the U.S. Department of Health and Human Services due to a data breach involving unauthorized access by an independent contractor. This breach, which affected the electronic protected health information of approximately 34,310 individuals and led to the creation of around 6,500 fraudulent Medicare claims, occurred between September 2018 and February 2019. Investigations revealed that the contractor retained access to the provider's systems for six months after their termination. The Office for Civil Rights found that the provider did not conduct adequate risk analysis and lacked policies for regular review of ePHI access, resulting in significant security failures.

Florida Healthcare Provider Hit with $1.19M Penalty for Data Breach National Law Review

Penn Medicine has partnered with Mark Cuban's Cost Plus Drug Company to combat rising medication prices and ongoing drug shortages by purchasing the 100 most frequently dispensed medications from the Cost Plus Marketplace. This initiative, intended to provide more affordable access to essential drugs, comes as Penn Medicine operates 16 retail pharmacies that fill over 1.5 million prescriptions annually. The collaboration represents the third alliance formed with Cost Plus Drugs, joining ScionHealth and Community Health Systems. The Cost Plus Marketplace aims to enhance the availability of medications while CEO Kevin Mahoney noted that savings from eliminating generic medication mark-ups will be reinvested into innovative care solutions, though immediate cost reductions for patients may not be realized at the pharmacy level.

Penn Medicine Partners with Cost Plus to Combat Drug Costs and Shortages Becker's Hospital Review

Amazon is advancing its position in the artificial intelligence sector with the launch of six new foundation models at the AWS re:Invent conference, offering 75% cost reductions and support for over 200 languages. The company also introduced its latest AI chips, Trainium2, which deliver quadrupled performance and a 50% cost savings compared to NVIDIA's offerings, alongside partnerships including one with Apple. Furthermore, Amazon unveiled Project Rainier, an initiative to develop one of the largest distributed AI supercomputing clusters using extensive Trainium chips to achieve significantly enhanced performance levels.

Amazon Unleashes Powerful AI Models and Chips, Slashing Costs by 75% LinkedIn