GE Healthcare (GEHC.US) has splurged 2.3 billion US dollars to acquire Intelerad, aiming for a new frontier in AI and cloud-based medical imaging.

According to 21st Century Business Herald app, GE Healthcare Technologies (GEHC.US) is set to acquire medical imaging software manufacturer Intelerad Medical Systems Inc. for $2.3 billion in cash to expand its presence in the cloud software and artificial intelligence field.