Many hospitals and pharmaceutical companies hope AI can fix key problems in medicine, particularly with productivity. AI has the potential to cut wait times for patients, help doctors better understand mental-illness care, help doctors retrieve data, support clinical decisions, cut costs, personalize medicine, fast-track treatments, build smart hospitals, and possibly serve as doctors.
Big Tech companies have also been making moves in healthcare and AI. Microsoft, a major investor in OpenAI, the company that created ChatGPT, bought the healthcare company Nuance for $20 billion in 2022.
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