Function Health Raises $298M to Transform AI-Powered Medicine

BriefBits AI: This week's most important developments in artificial intelligence

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Explore how AI is reshaping health, music, retail, and content with groundbreaking innovations and strategic industry moves.

In today's edition:

Function Health is expanding personalized medicine using AI to integrate diverse health data.
Warner Music partners with Udio to launch a licensed AI-driven music creation platform.
AI is dramatically boosting retail traffic and transforming file storage, video recaps, and user content control.

(OpenAI, gpt-image-1-mini)

HealthTech

Function Health Raises $298M to Revolutionize AI-Powered Personalized Medicine

Briefly: Function Health secured $298 million in Series B funding to expand its AI-driven platform that integrates blood testing, medical imaging, and wearable data for personalized health guidance with clinical oversight.

Key Information:

Function Health’s latest funding round led by Redpoint Ventures values the company at $2.5 billion.
The company’s Medical Intelligence Lab (MI Lab) uses generative AI supervised by doctors to deliver personalized health insights.
Function’s AI chatbot can answer health questions using users’ historical lab results, scans, and doctor notes, offering tailored recommendations.
Function operates 75 locations nationwide and plans to nearly triple that by year-end, having completed over 50 million lab tests in 2023.

Music

Warner Music and Udio Settle Lawsuit, Launching AI-Powered Music Platform for 2026

Briefly: Warner Music Group has resolved its copyright dispute with AI startup Udio and forged a licensing deal to launch an AI-driven music creation platform next year that supports artists’ rights and opens new creative revenue streams.

Key Information:

Warner Music Group settled its copyright lawsuit against AI music startup Udio and signed a licensing agreement for an AI music platform launching in 2026.
The subscription-based platform will let users create remixes, covers, and original songs using voices and compositions from consenting artists and songwriters.
Generative AI models behind the platform are trained solely on licensed music, ensuring fair compensation and credit for creators.
This deal follows similar industry moves by Universal and Sony, reflecting a shift toward responsible AI integration in music creation.

🏃 Zippy Zaps

StartupYC-backed Poly relaunched as a cloud-hosted file storage platform with AI-enhanced search that can handle text, images, audio, and video. It offers a 100GB free tier and smart features like AI-assisted summarizing, tagging, and automatic folder creation, aiming to outshine Google Drive and Dropbox in file management.

EntertainmentAmazon Prime Video rolled out AI-generated video recaps for shows like "Fallout" and "Jack Ryan" that use synchronized narration, dialogue, and music to recap seasons in a cinematic style, moving beyond simple text summaries and enhancing how viewers catch up between seasons.

RetailTarget joined OpenAI’s expanding retail ecosystem by launching a ChatGPT-powered shopping app in beta, letting customers browse, build baskets, and purchase all within ChatGPT. Plus, 18,000 Target HQ employees will use ChatGPT Enterprise to boost supply chain forecasting and streamline operations.

MarketAdobe announced a $1.9 billion cash acquisition of Semrush to enhance its marketing suite with SEO tools tuned for AI-driven search engines. This move aims to capitalize on skyrocketing traffic from AI chatbots and help marketers optimize for generative AI platforms like ChatGPT and Copilot.

SocialTikTok introduced a slider allowing users to control how much AI-generated content appears in their For You feed, plus it’s testing invisible watermarking tech to better label AI videos. They also launched a $2M AI literacy fund to help users navigate AI content safely.

InsightHugging Face CEO warned that the AI hype is really an "LLM bubble" focused on large language models, which might burst next year, but the broader AI field—with specialized, smaller models—will keep growing. He stressed the value of tailored AI solutions over one-size-fits-all giants.

📈 Numbers and Trends

Function Health raised $298 million in Series B funding, reaching a $2.5 billion valuation and completing over 50 million lab tests since 2023.
Warner Music Group settled a copyright lawsuit with Udio and signed an AI music platform deal launching in 2026, coinciding with Suno’s $250 million Series C at a $2.45 billion valuation.
Poly relaunched its cloud-hosted AI-powered file storage offering 100GB free storage and has raised $8 million in seed funding.
Lovable doubled its annual recurring revenue from $100 million to $200 million in four months and raised $225 million in venture capital.
TikTok launched a feature allowing users to control AI-generated content levels in their feeds and introduced a $2 million AI literacy fund.

💬 Quote of the Day

It is not good enough to be in a world where AI exists and not be applying it to your health. You should be able to manage your biology. The objective of Function Health is to apply the best available technology to human health.

Jonathan Swerdlin

Function Health raises $298M Series B at $2. 5B valuation | TechCrunch

1️⃣ Number of the Day

$1,200% - Increase in Retail Traffic from AI Chatbots

Adobe Analytics reported a staggering 1,200% year-over-year increase in retail site traffic driven by generative AI chatbots, highlighting how AI is rapidly transforming e-commerce visibility and consumer engagement.

Adobe to buy Semrush for $1. 9 billion | TechCrunch

Function Health Raises $298M to Transform AI-Powered Medicine

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