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Healthier Capital CEO on Health Care Startups, Plus Taiwan Semi’s CHIPS Act Grant 4/8/24

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 8 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

After a two-year slump, the health care funding market could finally be picking up as AI gets leveraged in the sector. We speak with Amir Dan Rubin, managing partner and CEO of the VC firm Healthier Capital and former CEO of Amazon-acquired primary care provider One Medical on the state of health care startups and funding. Plus, some of the most advanced chips in the world will now be made in America, but by a foreign firm. Taiwan Semi is the largest chip manufacturer in the world and has secured $6.6 billion in subsidies from the CHIPS Act in addition to $5 billion in low-cost government loans. But how does that impact American chipmakers like Intel?

Transcript

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0:00.0

After underperforming last year health care stocks they're off to a better start this year with the S&P health care index up nearly 5% so far in 2024

0:07.6

My next guest says after a two-year slump the health care funding market is finally picking up as AI gets leveraged in the sector.

0:15.3

He runs a venture capital firm backing health care start-ups that focus on innovation with

0:19.3

tech and AI at the forefront.

0:21.0

Joining me now is Amir Dan Rubin, Healthier Capital, founding managing partner and

0:26.1

CEO, also the former CEO of primary care provider, one medical that sold to Amazon.

0:31.5

Amir, thanks for being with us today.

0:33.4

Certainly, I usually sit in San Francisco

0:35.5

and a lot of the VCs and founders I talked to

0:37.6

believe that health care is one of the most exciting spaces

0:41.3

for AI disruption.

0:42.8

Where are we seeing that disruption now at the earlier stages

0:46.0

and what's the opportunity?

0:48.6

Yeah, great to be with you.

0:50.3

I think we're going to see it all over health care both on the demand side, how consumers

0:56.4

and employers interact with health care and on the supply side, how we deliver health care

1:01.4

more efficiently.

1:03.1

Health care is a fifth of the economy,

1:04.8

close to a fifth of the economy in the US,

1:06.5

about 11% of GDP globally.

1:08.8

So it's a massive opportunity.

1:11.0

And really, consumers are struggling getting access to care and then on the supply side we're having a struggle finding

...

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