Teladoc Health (NYSE: TDOC) was up in morning trading at the time of writing on Tuesday after the virtual healthcare company announced a collaboration with the tech giant, Microsoft (MSFT). As a part of this partnership, Teladoc will use MSFT’s artificial intelligence (AI) services to automate its clinical documentation in order to reduce the burden on its healthcare staff during virtual exams.
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Teladoc will use Microsoft’s AI-powered voice-enabled solution, Nuance Dragon Ambient eXperience, which uses the GPT4 AI service, to automate clinical documentation.
Analysts are cautiously optimistic about TDOC stock with a Moderate Buy consensus rating based on six Buys and 11 Holds.