The biotech industry is adopting AI quickly, but without workers conversant across computational and core sciences like biology and chemistry, it will fail.
Venture capitalist Jim Breyer says the intersection of AI and medicine may be the biggest investment opportunity he has ever seen.
An attendee interacts with the AI-powered Microsoft Bing search engine and Edge browser during an event at the company's headquarters in Redmond, Washington, US, on Tuesday, Feb. 7, 2023. Microsoft unveiled new versions of its Bing internet-search engine and Edge browser powered by the newest technology from ChatGPT maker OpenAI.
Breyer says he is not alone among tech leaders holding this view, citing a fireside chat he recently conducted with Michael Dell, during which the PC pioneer agreed, and private conversations he has had with tech CEOs. "Over the last 12 months, mega-cap companies, based on direct meetings with Satya [Nadella, Microsoft CEO] and Tim Cook [Apple CEO] and others are not just doubling, tripling down on health care and medicine, it's 10x, 50x," Breyer said.
But he cautioned that change will face many obstacles and an uncertain timeline. "There is a lot of hype. People say you push a button in the metaverse and get a life-changing medicine, and I just don't think were there," Patel said. "We are looking at incremental change over time ... and there are some significant challenges to overcome."
All knowledge industry workers should assume they will need AI technology and remain open-minded about its use, says Dr. Vineeta Agarwala, Andreessen Horowitz general partner. One of her portfolio companies, Insitro, was founded by Stanford AI researcher Daphne Koller . She cited an example Koller has been using of workers 30 years ago who said they didn't need personal computing technology when it was becoming more mainstream.
As a doctor, Agarwala says the amount of medical information she needs to stay on top of is already at "fever pitch," from medical literature to clinical trials and learnings from large sets of patient data. And she noted Microsoft already has integrated ChatGPT with its medical dictation software for doctors. These kinds of AI bridges will help with immediate workflow issues which contribute to physician burnout.
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