Olive: : AI startup Olive is calling it quits after raising $848 million

Startup Olive AI Inc. is shutting down after raising $848 million in venture capital since it was formed in 2013. The company, which makes AI-powered software to automate hospital administrative tasks, was one of the first companies in the portfolio of Columbus VC firm Drive Capital LLC. The VC firm declined to comment on Olive.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.