Healthcare Pumps $20B into AI Initiatives

Health care lags behind other sectors in using generative AI — the kind that can answer questions and generate content.

But big money flowing into the sector could soon drive adoption, Politico reports.

“Health care systems are like nuclear facilities. They don’t want to change. They need to keep running,” said Justin Norden, partner at investment firm GSR Ventures and adjunct professor of medicine at Stanford. “There’s often fear of change and adopting new tools.”

Still, AI is already drawing some $20 billion in investment, according to GSR Ventures and Maverick Ventures.

Substantial investments —$6 billion — have been made in generative AI that aids clinicians. That’s driving improvements to surgery, note taking, workflow automation and clinical decision support.

Applications like note taking are relatively straightforward to solve, and a clear market need is emerging amid widespread clinician burnout. Read more.

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