Eric Larson

I remember a year or two ago, big tech laid off 262,000 people in a year.

This was 2023.

And in that same year, healthcare added 3.9% to its labor ranks.

So something like 850,000 new employees.

So healthcare is buttressing up the economy with labor.

But you just heard me say this technology is about substituting tech for labor.

Second reason why I think U.S.

healthcare has the greatest susceptibility is its data superabundance, right?

There are 150 zettabytes of data in the world.

one-third are in healthcare, it's increasing 36% per year.

So the super abundance of data.

And if you look at the ingredients to this alchemy for Gen AI, it's hardware, software, and data.

And US healthcare has it in super abundance.

And now with natural language processing and vector enablement, a lot of this unstructured data

is usable.

And then the third thing we already talked about, healthcare's got a lot of accumulated tech debt, a lot of accumulated opportunity, largely because of its imperviousness to past tech phase shifts.

So most powerful technology in history colliding with the most slow to move, slow to adopt sector in the US economy.

And these are all of our friends.

I just have great esteem for the leaders here.

They're just confronted with a pretty unprecedented challenge.