7 top bankers and investors share their boldest 2023 healthcare predictions, from a big bet on AI to more funding for startups selling directly to patients
Cheatham is betting that the technology — a type of machine learning that can— will unlock more than $1 trillion in industry value by 2040.
"A lot of people are seeing how generative technology is transforming consumer social, gaming, art, and all of these other areas, and the applications in healthcare are going to be much bigger because of the amount of data and impact that we can drive with it," Cheatham said.
Another company, Atropos Health, which spun out of Stanford Health Care in 2020, is leveraging generative AI to help answer doctors' clinical questions so they can deliver better care. The company generates evidence-based studies from hundreds of millions of old patient records. Cheatham said other healthcare companies were thinking about how they could leverage generative AI to create product opportunities or become more efficient. He also predicted there would be an explosion of new companies formed to tackle problems using AI.
"You're seeing a lot of people using these technologies and exploring the bounds of it as it relates to healthcare and life sciences, and I think there's going to be a lot more work in this space in the next year," he said.
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