Hedge Fund Huddle What hedge funds can learn from healthcare
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Nov 21, 2024 Stefano Pacifico, Co-founder and CEO of Epistemic AI, discusses the transformative impact of artificial intelligence on both healthcare and finance. He emphasizes the similarities in data management and decision-making between the two fields. The conversation dives into the limitations of AI language models, focusing on their potential to mislead in critical areas like healthcare. Pacifico also explores how advanced technology, particularly large language models, is revolutionizing hedge fund strategies and enhancing financial analysis.
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Revolution of LLMs
- LLMs and generative AI are causing a tremendous revolution.
- Skepticism prevents people from realizing how impactful this change is.
Background of Stefano Pacifico
- Stefano Pacifico worked at Bloomberg LP and became interested in intelligent information usage.
- He co-founded Epistemic AI with David Hager, aiming to connect biomedical knowledge.
Drug Development Inefficiency
- Drug development is costly and inefficient, with a 90% failure rate.
- Many failures are due to overlooking existing information, similar to finance.