From Yahoo Finance, July 27:
Nvidia (NVDA), a pioneer in the semiconductor and artificial intelligence space, is increasingly looking to leverage those skills toward transforming healthcare.
“We are determined to work with you to advance this field,” Nvidia CEO Jensen Huang said during a chat at the JPMorgan Healthcare Conference in January. “We deeply believe that this is going to be the future of the way that drugs will be discovered and designed.”
Nvidia’s determination to establish itself in the healthcare industry actually predates recent successes with generative AI, according to Huang, having been in the works for over 15 years.
“A medical instrument is never going to be the same again. Ultrasound systems, CT scan systems, all kinds of instruments — they’re always going to be a device, plus a whole bunch of AIs," Huang added. "The value that you’ll create, the opportunities you’ll create are going to be incredible. So I think this is going to be one of the world’s great future industries; it’s going to be a technology industry, and we’re here to serve you.”
Pandemic forced healthcare 'into the virtual'
The COVID-19 pandemic laid a backdrop for companies like Nvidia to push forward and create value in the healthcare sector.“I see [the pandemic] as the catapulting of healthcare into the virtual and digital transformative spheres, if you will, because it happened very quickly and with very little to no choice," Mutaz Shegewi, senior research director and digital strategist at IDC, told Yahoo Finance. "Companies like Nvidia and others, Microsoft, and Oracle and whatnot, have a lot to contribute in propelling that journey forward, and that’s what I think we’re seeing.”
Nvidia works closely with businesses like Johnson & Johnson MedTech (JNJ) and Microsoft (MSFT), and its clientele utilizes over a billion dollars in Nvidia GPU computing annually.
“There's no one vendor that can do it all, and I think the ecosystem is very important in terms of wanting to leverage different strengths of the vendors that are out there," Shegewi added. “[Nvidia] is democratizing the access, so it's both a technological play and there's a democratization of access to the tools through their software platforms and their partnerships.”....
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If interested see also:
December 2023: Nvidia CEO Jensen Huang Says AI to See ‘Major Second Wave (NVDA)
January 2024: We Are Going To Hear More And More About Digital Biology (NVDA)
February: "Taking Nvidia's Jensen Huang Seriously: Paris-Based 'Bioptimus primed with $35m to unravel disease biology using AI'"'
February: "17 key takeaways from the 2024 J.P. Morgan Healthcare Conference"
March: "NVIDIA GTC Financial Analyst Q&A March 19, 2024 Video and Transcript"
April: "RAND: 'Artificial Intelligence and Biotechnology: Risks and Opportunities"
