Ziff Davis & Xyla Partner to Drive Innovation Using Artificial Intelligence; Initial Focus in Healthcare Vertical
02 Agosto 2023 - 9:23AM
Business Wire
Ziff Davis, Inc. (Nasdaq: ZD), a vertically focused digital
media and internet company, and Xyla, Inc., an artificial
intelligence (AI) company at the forefront of the development of
retrieval-augmented large language model AI systems for
accuracy-critical domains, have entered into a strategic
partnership focused on AI enablement across digital media,
software, and information services.
The first initiative in the partnership will be to integrate
Xyla’s OpenEvidence technology into Ziff Davis’ Everyday Health
Group with the mission of turning medical information into medical
knowledge for healthcare professionals. OpenEvidence was the first
medical AI to score above 90% on the US Medical Licensing
Examination. With OpenEvidence, healthcare professionals can access
and analyze vast amounts of medical information, published
research, and clinical trial data, assisting them in making
informed clinical decisions to improve patient outcomes.
OpenEvidence technology will drive enhanced and personalized
engagements with healthcare professionals as part of Everyday
Health Group’s physician-focused MedPageToday®, a trusted digital
source for clinical news coverage across medical specialties.
The Ziff Davis-Xyla partnership has two key elements:
- Xyla Investment. Ziff Davis is purchasing $25 million of
Xyla equity for a minority ownership stake in the company. A
portion of the investment will be funded with cash and a portion of
the investment will be funded with Ziff Davis common stock with
Xyla leadership exchanging a portion of their Xyla shares for Ziff
Davis common stock.
- Long-Term Collaboration Agreement. Ziff Davis and Xyla
are entering into a long-term collaboration agreement that
establishes a framework for the parties to rapidly define, develop,
and deploy AI at discrete brands and businesses within the Ziff
Davis portfolio.
Through this partnership, Xyla will gain access to large
audiences and data sets in high-value, domain focused categories
across the Ziff Davis portfolio, as well as monetization
capabilities. Ziff Davis, in turn, will gain access to Xyla’s AI
technology and expertise in retrieval-augmented large language
models that are capable of generating precise and authoritative
content. Together, the companies will collaborate to transform user
experiences and products across Ziff Davis’ core verticals.
“As we have studied potential AI use cases, we are energized by
the countless opportunities to create value and drive innovation
and transformation across our portfolio,” said Vivek Shah, Chief
Executive Officer of Ziff Davis. “We have been actively searching
for the right partner to help us accelerate our efforts in AI, and
I am thrilled to be partnering with Xyla and Dr. Daniel Nadler, one
of the earliest entrepreneurial innovators in AI.”
“I founded Xyla to bridge the application of large language
models to domains where accuracy and precision are paramount,” said
Dr. Daniel Nadler, Founder and CEO of Xyla. “Ziff Davis’ focus on
producing high-quality, human fact-checked reference information
across multiple verticals—including in healthcare, where they are a
top internet health publisher—along with its breadth of audience
reach make it an ideal partner for us. We have assembled a
world-class team of experts in AI, and machine learning broadly,
who are excited to partner with Ziff Davis.”
About Ziff Davis
Ziff Davis (NASDAQ: ZD) is a vertically focused digital media
and internet company whose portfolio includes leading brands in
technology, shopping, gaming and entertainment, connectivity,
health, cybersecurity, and martech. For more information, visit
www.ziffdavis.com.
About Xyla
Xyla is working on aligning and grounding large language models
for accuracy-critical domains so that their revolutionary power can
reach the accuracy-critical sectors of modern knowledge work and
boost productivity even in places where the facts matter most. For
more information, visit www.xyla.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230801703051/en/
Alan Steier Investor Relations Ziff Davis, Inc.
investor@ziffdavis.com
Rebecca Wright Corporate Communications Ziff Davis, Inc.
press@ziffdavis.com
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