GE Healthcare, a subsidiary of General Electric Co. (GE), is set to use Nvidia Corp.’s (NVDA) chips in an artificial intelligence (AI) platform to improve the speed and accuracy of CT and ultrasound scans.

In a joint statement on Monday, the two companies revealed plans to strengthen their already 10-year long partnership by installing Nvidia's chips in GE Healthcare's Revolution Frontier CT platform and 500,000 imaging devices across the globe. Using Nvidia’s chips, the AI-equipped devices are said to be two times faster than the previous generation image processor and capable of delivering lower radiation doses, faster exam times and higher quality medical imaging.

GE Healthcare, one of conglomerate GE’s most profitable areas of business, said the speedier Revolution Frontier technology should help to reduce the number of follow-up appointments and non-interpretable scans as it is better equipped to detect liver and kidney lesions. (See also: GE Cuts Its Dividend By 50% to $0.12.)

Under the terms of the deal, GE Healthcare will also use Nvidia’s graphics processing units, CUDA computing platform and cloud registry to power its new analytics platform. The company said that an average hospital generates 50 petabytes of data annually, but that only 3 percent of that data is analyzed, tagged, or made actionable.

"Healthcare is changing at remarkable speed, and the technologies that will transform the industry should reflect that pace," said Kieran Murphy, president and CEO of GE Healthcare. "By partnering with Nvidia, GE Healthcare will be able to deliver devices of the future — intelligent machines capable of empowering providers to improve the speed and accuracy of diagnoses for patients around the world."

Jensen Huang, founder and CEO of Nvidia, added: “Our partnership with GE Healthcare brings together great expertise in medical instruments and AI to create a new generation of intelligent instruments that can dramatically improve patient care.” (See also: AI Is NVIDIA's to Lose, Says Jefferies, Upping PT.)

GE Healthcare’s use of Nvidia’s chips represents another big coup for the Santa Clara, California-based company. Nvidia’s AI technology has already been introduced across a number of fields, including self-driving cars, robotics and video analytics. These breakthroughs have led the company’s stock to soar over the past year. (See also: Why NVIDIA's Valuation May Be A Giant Bubble.)

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