Happy Halloween!

In this newsletter:

• NyquistAI Insights: Global data and intelligence from our platform
• Webinar Recaps: Unlocking EU MDR & AI in Regulatory Affairs
• Last Month in AI, MedTech, & Biopharma: AI Ghost Stories
• Product highlight of the Month: Canada Adverse Events

NyquistAI Insights - From our platform to your inbox

Webinar Recap - Unlocking EU MDR

In August we had insightful webinar with Dr. David Rutledge from Global Strategic Solutions to discuss the impact of AI in EU MDR submissions. Here are the key takeaways:

• Stay proactive with EU MDR submissions
• Explore AI for efficient compliance
• Simplify navigation with NyquistAI
• Save time and reallocate talent
• Link EU MDR efforts to broader strategic goals for impact

SEE FULL WEBINAR

Webinar Recap - GenAI for Regulatory Affairs

In September we had a captivating webinar where we delved into the impact of GenAI in Regulatory Affairs. The event featured two distinguished panelists from Greenleaf Health and was graciously hosted by our friends at RAPS. In this webinar, we discussed:

• The fundamentals of Generative AI
• Real-world applications
• Benefits and challenges of applying AI in regulatory affairs
• Industry expert insights and stories
• How to navigate this transformative trend effectively

SEE FULL WEBINAR

This Month in AI, MedTech, & Biopharma - AI Ghost Stories

As the world is getting ready for a spooky celebration, we at NyquistAI want to illuminate the often mysterious and misunderstood world of AI. Over the past month, our team has attended numerous conferences and events in the life sciences industry, and during our conversations, we've noticed a recurring theme – many people are feeling a bit confused, worried, and anxious about AI.

To address these mysterious topics, we're excited to share a recent article by the insightful Andrew Ng that aims to clear up some of the confusion and dispel the spooky shadows surrounding AI. In the article, he delves into important AI topics that affect us all, exploring how AI can be both a force for good and a potential source of concern. He sheds light on issues such as misuse, job displacement, ethics, safety, and more.

Here are five of the fears Andrew Ng addresses in his article:

1. AI Turns Deadly: Concerns exist that large language models may generate false and dangerous information, potentially leading to harmful outcomes. Examples include AI-generated guides promoting poisonous plants and chatbots offering lethal recipes. However, efforts are underway to make AI models safer through techniques aligning them with human preferences and ethical considerations.
2. Criminals Unleashed: AI innovations like text generation, voice cloning, and deepfake videos provide new tools for cybercriminals to deceive and infiltrate systems. Instances of scammers using AI tools for fraud and malicious activities have been reported, raising concerns about AI security. Developers and governments are working to address these issues, but users are advised to exercise caution online.
3. Data Disappears: Creative workers fear that AI developers may use their works without permission or compensation, leading to lawsuits and restrictions on data access. Laws regarding the use of copyrighted works for AI training are unclear, and conflicts are being decided on a case-by-case basis. Some AI companies are negotiating data access agreements, while others allow data opt-outs for publishers.
4. No Jobs for Humans: AI is automating various tasks, leading to concerns about job displacement. However, AI's impact on jobs varies, with some jobs growing despite automation. AI can enhance human productivity and create new job opportunities in fields like machine learning, data science, and robotics. A safety net and job training are essential for those affected.
5. Hype Overshoots Reality: There's a fear that AI companies are overhyped and may not generate sufficient revenue to cover their costs. Concerns similar to the dot-com and cryptocurrency bubbles are raised, with investors warning of overvaluation. While some caution is urged, generative AI's potential for adding trillions to the global economy and powering various applications suggests that many investments will pay off in the long run.

NyquistAI Product Highlight

Explore Health Canada's Medical Device Incidents with Ease!

Discover a seamless way to access medical device incidents from Health Canada, now integrated into our platform. Whether you're on a company's page or a specific device's page, you'll immediately identify related incidents.

Our system provides a quick summary of incident descriptions, dates, hazard severity, and types, making your experience more informative and efficient than ever before.

Collectively we now have over 17 million adverse events globally that can be easily sorted through as well as tracked so you can stay up to date on the latest developments in the industry.

If you want to learn more about this or any of the other aspects of our platform CLICK HERE to schedule a demo.

Final Thoughts

As we spring forward into a new month, don't forget to set your clocks back for daylight savings this weekend! As always, we value your feedback and welcome any suggestions or topics you would like us to explore in future editions.

Big hugs from sunny Palo Alto,

NyquistAI Team