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Generative AI in healthcare is revolutionizing data collection by providing unbiased and high-quality synthetic data for medical device, pharmaceutical, and academic institutions. This technology enables faster discoveries and improved patient outcomes by identifying disease mechanisms, predicting clinical outcomes, and prescribing tailored treatments. MONAI, a framework for medical AI, is advancing Generative AI by creating large synthetic datasets and preserving patient privacy. The Latent Diffusion Model, developed by Kings College London, can generate synthetic medical images, including high-resolution brain scans, and was trained on the UK BioBank dataset and NVIDIA DGXCloud.