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AI Expands Role In Consumer Healthcare And Drug Development

Artificial intelligence is increasingly used in consumer healthcare to manage personal data and support health-related decisions. Use cases range from administrative tasks, such as appointment scheduling and note-taking, to handling basic health queries. As these tools become more accessible, industry participants are encouraging broader use beyond routine functions.

AI As A Personal Health Advisor

The development of AI tools is extending into everyday health support. Alex Zhavoronkov, CEO of Insilico Medicine, said consumers can use AI systems to address routine health-related questions. Speaking at CNBC’s CONVERGE LIVE event in Singapore, he noted that some AI tools are capable of handling basic inquiries, allowing medical professionals to focus on more complex cases.

Major Tech Players Enter The Health Arena

At the same time, large technology companies are expanding into consumer health applications. OpenAI introduced ChatGPT Health, a platform that connects medical records and wellness applications to an AI interface. Similarly, Amazon launched HealthAI for users of One Medical, offering analysis of medical records, laboratory results, and current medications.

Balancing Innovation And Caution

As adoption increases, industry representatives are highlighting the need for oversight. Shreehas Tambe, CEO and Managing Director of Biocon, said that reliance on advanced systems without sufficient familiarity may introduce risks. He added that expert review remains necessary, particularly in areas such as drug development and clinical validation.

Revolutionizing Drug Discovery

Beyond consumer applications, AI is also reshaping pharmaceutical research. Development timelines for drug candidates can be reduced from more than four years to around 18 months. This shift is reflected in a $2.75 billion collaboration between Eli Lilly and Insilico Medicine, highlighting continued investment in AI-driven drug discovery.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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