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Google Cloud invests $100 million in US telemedicine platform Amwell

Google's cloud division has invested $100 million in American telehealth company Amwell, which filed for IPO on Monday. Amwell will move video services to Cloud: As part of the deal, Amwell will use Google Cloud as its telehealth platform partner, and will move its video services to Google Cloud for new and existing customers. According to the S1 filing with the SEC, Google's investment will be a concurrent private placement. Surge in usage of teleconsult services: The pandemic has been a watershed for telemedicine, it's no surprise that Amwell's services saw massive growth in usage over the past few months. For the quarter ended June 2020, average monthly visit volumes and average monthly active providers increased over 200% and 400% respectively, over the previous quarter. Amwell has powered over 5.6 million teleconsults for its clients to date — more than 2.9 million of these took place in January-June 2020. The platform saw 40,000 visits in April 2020, as compared to 2,900 per day in April last year. Amwell powers telemedicine solutions for 2,000 hospitals and 55 health partners. Plans to add ML capabilities: Google Cloud's Aashima Gupta told CNBC that the two companies plan to add more machine learning capabilities to the service. Video traffic for Amwell Home and Amwell Now, which enables video consults without having to download any app, will be moved to Google Cloud by January 2021. Google's Project Nightingale project raised privacy concerns In November 2019, a Wall Street Journal investigation revealed that Google had secretly…

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