It’s not unrealistic to think that 80% of what doctors do will be replaced by algorithms and artificial intelligence. The idea, evangelized by venture capitalist Vinod Khosla two years ago, is that machines can more accurately diagnosis us — and that will reduce deadly medical errors and free doctors up to do other things.
The bottom line: We’re getting closer to this reality. Algorithms, for example, can already diagnose diseases from imaging scans better than human radiologists. Computers possibly could take over the entire radiology specialty.
General Motors is reportedly considering several options for self-driving unit Cruise, including an IPO or pubic tracking stock, according to Bloomberg.
Why it matters: It's not surprising that GM would want to highlight Cruise's value to investors but, as Bloomberg notes, a complete spin-off would leave the parent company without a high-tech narrative of its own.
Apple and Oprah Winfrey have signed a multi-year content partnership, although specific terms aren't yet available.
Why it matters: It’s the latest example of big tech investing in big-name talent to build its content businesses, whereas telecom companies like AT&T and Comcast have been seeking to buy entire content creation companies. Apple earlier signed programming deals with such Hollywood A-listers as Jennifer Aniston and Reese Witherspoon.
Following complaints about censorship of conservatives, Facebook execs will meet today with House Majority Leader Kevin McCarthy (R-Calif.), RNC chair Ronna McDaniel and Trump reelection campaign manager Brad Parscale.
This is in response to a May 17 letter from McDaniel and Parscale saying "Facebook and Twitter operate in liberal corporate cultures," and asking for protections from "bias against conservative content."
The departure of Facebook’s policy and communications czar, Elliot Schrage, comes as the company navigates a difficult period marked by scandals over foreign election meddling and consumer data privacy.
Why it matters: Policy and communications are exactly the areas where Facebook has needed the most help throughout its recent controversies, and the company's choice of new leadership there will provide clues to how it intends to move forward.
A year after its $13.7 billion acquisition of Whole Foods, Amazon has implemented changes among its high-level executive leadership team and store operation as part of a broader effort to reinvent the way consumers shop in stores, CNBC reports.
Yes, but: Axios' Business Editor Dan Primack says Amazon "hasn't made as many consumer-facing changes to Whole Foods as people had expected, but these behind the scenes moves suggest it's just a matter of time."
