Why Big Tech Cares about Healthcare
The next $1T Company will be a healthcare company
Hey friends,
This week Microsoft launched their CoPilot Health system. This is a personal health AI tool which makes life easier for patients. They feel this is a step closer to “medical super intelligence”.
Why now?
Microsoft acquired a company called Nuance in 2021 and this was an early move into the health space. It didn’t make sense at the time however in hindsight they acquired a company that had penetration across 77% of US hospitals for $16Billion. They weren’t necessarily paying for the company but for the systems and connections on the back end.
Fast forward to today, they are launching Co-Pilot Health which is the front consumer end facing. People are already using general AI to search for their health queries so the companies are servicing a demand which is already there.
OpenAI, Microsoft, Amazon and AnthropIc can all acknowledge that if they are able to tap into the health space this is big business. The stickiness of a customer and trust one will build with the systems will be great if they can help consumers in their times of need.
I’m also very bullish on they’ve seen the “permissionless” era trend and they too believe they can have a slice of the piece. By permissionless I’m referring to how back in the day you’d have to go through Hollywood to be a movie star, now you can make your own YouTube channel. Or you’d need a record deal to make music, now you can blow from tiktok and soundcloud. I think healthcare will see a similar trend. Previously you needed a health institution to tell you about your health, soon we won’t and rely on your personal companion that knows you better than a single episode of care. Critics will be opposed to this future however when their is problems with workforce being unpaid and overworked, patients struggling to see a clinician, the solution that seems to solve people’s problems will win. This is already happening as Co-pilot receives 50million health enquiries a day…
If you want to hear more of my thoughts I share them in my most recent YouTube video. I’d love to hear your thoughts on this topic too!
Why Big Tech Is Obsessed With Healthcare (It's Not What You Think)
https://youtu.be/WRIFwh-YQiA