Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is Bloomberg Business Week with Carol Messer and Tim
Speaker 2: Stenebek on Bloomberg Radio.
Speaker 3: These are not upie. We've got to have some music.
Speaker 4: Front, all right. We are talking new frontiers. We're talking
Speaker 4: actually we talk about it. I feel like every day
Speaker 4: anything and everything to do with artificial intelligence, specifically jen AI,
Speaker 4: LM's large language models, the components that play into it,
Speaker 4: the power that's going to be needed to power the
Speaker 4: data centers, and who is doing all of the build out.
Speaker 4: Having said that, we've been watching Dell Technology stock rallied
Speaker 4: in today's session, up about eight percent.
Speaker 1: Some news.
Speaker 4: Loop Capital, which has a buy on the stock, raised
Speaker 4: the price target from one twenty five to one five,
Speaker 4: boosted some investor confidence. Keep in mind, Dell does report
Speaker 4: earnings on May thirtieth, so that's tomorrow after the And
Speaker 4: then yesterday some news of Dell expanding its AI factory
Speaker 4: with Nvidia to include new server, edge workstation solutions and
Speaker 4: services advancements that speed AI adoption and innovation. There's a
Speaker 4: lot going on. Michael Dell just about a week and
Speaker 4: a half ago talking about aipcs being pretty standard in
Speaker 4: twenty twenty five. So we have a great guest to
Speaker 4: talk about a lot of what is going on here.
Speaker 4: He participated in a panel with me put on by
Speaker 4: our Bloomberg Intelligence team looking at generative AI, specifically on
Speaker 4: the potential build out by companies of AI data capabilities
Speaker 4: on site or on premise with us as John Rose.
Speaker 4: He's global Chief Technology Officer at Dell Technology. He's joining
Speaker 4: us from New Hampshire. John, So, nice to have you here.
Speaker 4: How are you.
Speaker 3: I'm doing great? How are you all doing well?
Speaker 4: Doing well? There is a lot coming at us right now.
Speaker 4: Talk to us about what you are seeing. We talked
Speaker 4: about at that Bloomberg Intelligence event about what companies were doing,
Speaker 4: what their demands would be, you know, to bring things
Speaker 4: on site on PREMI what's been some of the conversations
Speaker 4: that you are having with clients around this as of late.
Speaker 5: Yeah, I mean, let me rewind a little bit. Last year,
Speaker 5: the first year of the AHI era. You know, I
Speaker 5: think most enterprises were trying to figure out what should
Speaker 5: they do, and largely most of the large enterprises did
Speaker 5: a lot of experimentation.
Speaker 3: This year is different. This year, many of those.
Speaker 5: Initial experiments which we're really trying to figure out where
Speaker 5: to apply this technology for the best return. You know,
Speaker 5: if you're an enterprise, you could apply aid anything, but
Speaker 5: if you apply it to your supply chain or your
Speaker 5: product development cycle or something that really moves the needle
Speaker 5: from an economic perspective, that'll have a bigger impact. So
Speaker 5: I think today most enterprises are triangulating on where to
Speaker 5: apply it, which then gets them to the discussion of
Speaker 5: how to apply it. And that's where you know, the
Speaker 5: panel we add when we were chatting kind of went,
Speaker 5: which is this is not a workload that's you know,
Speaker 5: sitting on the side used by three people. This is
Speaker 5: the center of your enterprise. It's going to run non
Speaker 5: stop seven by twenty four. It's going to power your
Speaker 5: sales processing tompower your customer satisfaction. And so choosing the
Speaker 5: right place to run it, whether that you know that
Speaker 5: gives you the best economic outcome, the best control, doesn't
Speaker 5: get you into compliance and regulatory challenges, is really the
Speaker 5: dialogue that's happening now. And so a lot of the
Speaker 5: work we're doing that you mentioned on the intro around
Speaker 5: with our ecosyst around Nvidia and Meta and everybody else,
Speaker 5: is how do we reduce the complexity to make that decision.
Speaker 3: How do we make it easier for people to.
Speaker 5: Get started, to not have to do everything, and to
Speaker 5: really get the platforms in place where they need them.
Speaker 5: And our opinion, one of the best places to do
Speaker 5: some of this stuff is clearly in their own owned infrastructure.
Speaker 5: One it tends to be a Capex model, and two
Speaker 5: it's in your control and it's much more predictable.
Speaker 1: John.
Speaker 2: For years we've heard about the cloud being what's nimble
Speaker 2: and the cloud being the place that we can do
Speaker 2: this stuff and secure, secure, do this stuff for less expensive.
Speaker 2: I'm wondering the shift on premise is not a shift.
Speaker 2: It's been around for but since before the cloud. But
Speaker 2: why are we seeing and top thing so much about
Speaker 2: the shift right now?
Speaker 3: Yeah, this is.
Speaker 5: Remember the cloud here was all about taking your existing workloads,
Speaker 5: your web servers, your email, your office productivity and maybe
Speaker 5: trying to figure out a different way to operate it.
Speaker 5: If by the cloud wasn't just public cloud, the cloud
Speaker 5: model pervade everything and so you know, the shift autonomous,
Speaker 5: automated elastic infrastructure happened with a set of applications that
Speaker 5: we understood well. The things we're building now look nothing
Speaker 5: like that. A large scale generative AI system for an
Speaker 5: enterprise is arguably the most demanding and complex workload you
Speaker 5: will create in your lifetime, and so you know, we're
Speaker 5: you could argue that, you know, an OPX driven as
Speaker 5: a service model that gives you lots of agility but
Speaker 5: you pay by the drip is not a very good outcome.
Speaker 5: If the thing you're running runs seven x twenty four
Speaker 5: at enormous performance levels, you know you don't want that
Speaker 5: meter running. You want that meter to be predictable, and
Speaker 5: so it's just a different class of workload. By the way,
Speaker 5: we're big proponents in multi cloud. A lot of the time,
Speaker 5: the best place to develop your AI system is in
Speaker 5: one of the cloud providers because they have a great
Speaker 5: tool chain. The best place to test it might be there,
Speaker 5: Maybe the best place to train your models might be
Speaker 5: there because you only need the infrastructure for a short
Speaker 5: period of time. But the minute it becomes inference that
Speaker 5: you're putting it into production and it's using your data,
Speaker 5: which by the way, most of that is on prem
Speaker 5: even today, then it starts to become a very different discussion,
Speaker 5: which brings kind of this modern on prem architecture that
Speaker 5: we talk about with the AI factory into play as
Speaker 5: probably one of the more logical places to start.
Speaker 4: Well, what is exactly the concept of an AI factory.
Speaker 5: Yeah, here's the important thing for people to realize. AI
Speaker 5: is a new workload and by the way, it actually
Speaker 5: needs a new class of infrastructure. The type of compute
Speaker 5: is not CPUs, it's GPUs. The type of data is
Speaker 5: not traditional databases, it's vectorized data that lives in large
Speaker 5: language models. The kind of tools you use are different,
Speaker 5: and so what we talked about at Dell Technologies World
Speaker 5: last year last week was was not a new set
Speaker 5: of products exclusively. It was you really probably need to
Speaker 5: have a separate type of infrastructure where your AI than
Speaker 5: you do for the traditional things that you do, those
Speaker 5: workloads that went through the kind of cloud migration we
Speaker 5: talked about, and what the AI factory is is it's
Speaker 5: an articulation of what that infrastructure looks like. That it
Speaker 5: is accelerated compute, that it's a different kind of data architecture,
Speaker 5: it's a better and different type of networking architecture, and
Speaker 5: that it probably lives in a different footprint because it
Speaker 5: itself has different requirements. Than your legacy applications and the
Speaker 5: other applications you run in either a public cloud or
Speaker 5: a private environment.
Speaker 3: And so the II.
Speaker 5: Factory is how do you create a methodology and organize
Speaker 5: all the technology to put that in play, whether it's
Speaker 5: at a rack level or even an entire data center,
Speaker 5: that builds you the optimal infrastructure to run these new
Speaker 5: workloads that you're going to need. So think of it
Speaker 5: as just a paradigm shift. We're going to have to
Speaker 5: build new infrastructure for this new workload. It might be
Speaker 5: redesigning or optimizing what we have, and it might be
Speaker 5: in fact being your data center build out.
Speaker 4: John. It's really interesting and I think we might have
Speaker 4: talked about this at the Bloomberg Intelligence event, but about
Speaker 4: you know, technology companies, they compete, they work with each other,
Speaker 4: and it was an interesting at Dell Tech World the
Speaker 4: keynote stage to see Jensen Wog and videos CEO up there,
Speaker 4: and so there's really you know, you can see the partnership.
Speaker 4: You can see there's clearly a show support from in
Speaker 4: video to you guys at Dell. What is the nature
Speaker 4: of this partnership, especially when they make their own AI
Speaker 4: server racks, which makes you competitors to some degree.
Speaker 5: Yeah, Remember, Dell is a unique company. We are obviously
Speaker 5: very large, and you could argue we're the largest technology
Speaker 5: integrator in the world. Now it means something to different people,
Speaker 5: but basically, like I don't build my own CPUs or GPUs,
Speaker 5: but what I do is I organize that technology in
Speaker 5: the consumable units of it that my customers across the
Speaker 5: world can consume. Now, when you look at what in
Speaker 5: Video is doing, they clearly are the provider of some
Speaker 5: of the better GPUs in the world. There are other
Speaker 5: choices that we also work with. They also have organized
Speaker 5: their stack in a way that makes it very easy
Speaker 5: to consume, and I think that did a great job there.
Speaker 5: And so they have an early lead and it's importantly
Speaker 5: that they're they're they're making it much more consumable and
Speaker 5: they're keeping the innovation cycle up. However, their ability to
Speaker 5: engage with the large enterprise across the world, they don't
Speaker 5: have the We own much larger salesforce, We have a
Speaker 5: global services capability, we have the largest supply chain that's
Speaker 5: secure in the world and technology and so and by
Speaker 5: the way, you also don't just need the GPUs, you
Speaker 5: need the advanced storage services. You need to integrate it
Speaker 5: with your existing infrastructure. You need to talk to your
Speaker 5: existing data, which, by the way, rides pretty much on
Speaker 5: Dell technology storage systems. And so the nature of the
Speaker 5: relationship is, look, hey, you're trying to build an aifactory.
Speaker 5: There are some leading edge parts that absolutely have to
Speaker 5: be produced and on way to. One way to actually
Speaker 5: make sure that they happen correctly is to integrate them
Speaker 5: into a system, an early system like what Nvidia does. However,
Speaker 5: those parts are decomposable and then they can reassemble into
Speaker 5: other form factors that companies like Dell can take to
Speaker 5: a much more scalable market. The announcements around edge and
Speaker 5: other areas. We have the ability to reach more customers
Speaker 5: than anybody in the world. We need partners to help
Speaker 5: us build technology to bring to them.
Speaker 4: Is it a deeper relationship? Just got about forty seconds
Speaker 4: and we'll come back and continue. But is your partnership
Speaker 4: with Nvidia a little bit different? Is it a deeper
Speaker 4: one because you do have partnerships with other server manufacturers
Speaker 4: as well in others? Is it a deeper relationship or
Speaker 4: how would you call it?
Speaker 5: Yeah, we worked with you know We work with a
Speaker 5: lot of companies, and what I will tell you is
Speaker 5: the first one.
Speaker 3: It was the deepest.
Speaker 5: Last year we announced Project Helix, which was the first
Speaker 5: time anybody articulated putting all the parts together into something
Speaker 5: people could consume. So it has a significant first mover advantage. However,
Speaker 5: you know, like you said, we work with a lot
Speaker 5: of companies and we have a lot of partners.
Speaker 4: You want to continue with our guest, John Roses with US.
Speaker 4: Roses with us. He's a global chief technology officer at
Speaker 4: Dell Technology, still with us from New Hampshire. Hey, John,
Speaker 4: you know we were talking Tim and I in the
Speaker 4: break and just you know, curious about as people go
Speaker 4: right t him to build out their data centers, you
Speaker 4: do wonder how busy it kind of gets for Dell.
Speaker 2: Yeah, I'm wondering how big John, the AI server opportunity
Speaker 2: is for Dell in twenty twenty five, and then how
Speaker 2: big it could be over the next few years. What
Speaker 2: are you folks talking about internally and externally?
Speaker 3: Well, so I'm a CTO, so I'm not going to
Speaker 3: talk about.
Speaker 4: Particular year, But are you really busy?
Speaker 2: John?
Speaker 5: I am extraordinarily busy, But let me paint a picture
Speaker 5: that's a little longer term, you know, and that is, look,
Speaker 5: we are, as I mentioned, we're in now year two
Speaker 5: of the AI cycle, the modern AI cycle, and year
Speaker 5: one was all about surprise, get organized. Year two is
Speaker 5: about the first kind of enterprise deployments and kind of
Speaker 5: the prototypes. What that means is that the enterprise buildout
Speaker 5: hasn't actually begun. And if we look at the size
Speaker 5: of the A market today and what's going on, it's
Speaker 5: a pretty interesting market. What's happening is we're building the
Speaker 5: foundational technologies, we're training the large language models that this
Speaker 5: is a very robust ecosystem right now, we are developing
Speaker 5: the tool chains and as you can see from you know,
Speaker 5: just the state of the industry, it's a pretty exciting
Speaker 5: and a pretty significant shift that is in front of
Speaker 5: the enterprise cycle. We're conservatively, you know, most most people
Speaker 5: over the long term, the AI cycle is about rebalancing
Speaker 5: a sizable portion of the work in the world into
Speaker 5: the machine layer, and so as that occurs, you know,
Speaker 5: it represents you know, sometimes we use the phrase we're
Speaker 5: in the training era. Now we're about to enter the
Speaker 5: infront zer for enterprise, which is AI gets put into production.
Speaker 3: When it does, you know, you can.
Speaker 5: Calculate imagine a world where you know a third of
Speaker 5: the work is now happening in a machine layer. It's
Speaker 5: being done by a machine an AI system. What does
Speaker 5: that look like? How big is that? Well, you can't
Speaker 5: calculate it accurately, but you know it's a gigantic number.
Speaker 5: And it's as big as the Internet build out, it's
Speaker 5: as big as the Industrial revolution. In many of the
Speaker 5: discussions that we have, the timing on it, it's an
Speaker 5: extended cycle. This'll be a twenty year cycle, but we're
Speaker 5: about to enter that phase. And what it tells us
Speaker 5: is it's a significant amount of replumbing of enterprise. It's
Speaker 5: building out AI factories, it's rethinking your data strategy, it's
Speaker 5: rethinking your footprint in the multi cloud, and all of
Speaker 5: that tends to give it our breath and depth in
Speaker 5: our ecosystem, drag us into an awful lot of customer
Speaker 5: conversations in a pretty active world, even in advance of
Speaker 5: the significant buildouts occurring on the infront side.
Speaker 2: So okay, so if we're only in year two when
Speaker 2: it comes to AI, where are corporates in their AI journey?
Speaker 2: How do they adopt their technology. We know Dell won
Speaker 2: a meaningful chunk of Tesla's AI roll out, for example,
Speaker 2: But where are corporates in their AI journey?
Speaker 5: Yeah, the corporate As I mentioned before, last year, it
Speaker 5: was all about getting your feet on the ground, understanding
Speaker 5: the technology of earning what a large language model, earning
Speaker 5: what RAG was, and this year it's all about finding
Speaker 5: those first projects. The first projects are largely under development
Speaker 5: in most large enterprises, and some of them are emerging
Speaker 5: as chat thoughts and other services that we're starting to see.
Speaker 5: And there are definitely early examples of technology that have
Speaker 5: been deployed as new offerings. But the full pivot where
Speaker 5: a company now declares that I am in the center
Speaker 5: of my business, you know, building my product, selling my product,
Speaker 5: servicing my product, engaging with my customers based on primary
Speaker 5: early in AI architecture, that is still work to be done.
Speaker 3: And so so I think, you know, at.
Speaker 5: This point, we're still right now in most large enterprises
Speaker 5: in the first proof of concepts, the first prototypes. But
Speaker 5: one of the things that's different about AI is it
Speaker 5: does not take three years to build one of those.
Speaker 5: You can go from idea based on the tool chains
Speaker 5: available to having something in production that you can start
Speaker 5: to really do, and we're doing that inside of Dell
Speaker 5: make your developers more productive in a matter of months.
Speaker 5: And so the velocity of this cycle is something that
Speaker 5: we've never seen before, which means the gap between getting
Speaker 5: your feet on the ground and being in production and
Speaker 5: transforming your enterprise is not a ten year cycle.
Speaker 4: Hey, John, I keep hearing you know you've said it,
Speaker 4: and I've had other guests, but when they talk about
Speaker 4: AI in inference, right, am I saying it correctly?
Speaker 1: Yeah? Right?
Speaker 4: How is that different from AI training? And is that
Speaker 4: kind of a new concept or is that just something
Speaker 4: more complicated when it comes to generative AI.
Speaker 5: No, they're part of the same cycle that The idea
Speaker 5: behind AI is like you're trying to have a machine
Speaker 5: do some kind of cognitive work, answer a service, call,
Speaker 5: sell something, build a writ code. In order to do that,
Speaker 5: the first step is that you must have that machine
Speaker 5: have some access to the knowledge necessary to do that,
Speaker 5: which is what training is about. The difference in large
Speaker 5: language models is that we've developed techniques that allow us
Speaker 5: to instead of trying to as human beings decide how
Speaker 5: to code, we've learned that if.
Speaker 3: You just expose these new.
Speaker 5: Techniques, these new technologies, large language models, to a gigantic
Speaker 5: set of coding, just examples of coding, they will classify them,
Speaker 5: organize them, and create a neural network. And interestingly enough,
Speaker 5: they will then be able to replicate that intelligence, that behavior.
Speaker 5: And so the training phase is about taking gobs of data.
Speaker 5: In the current phase, it's the entire Internet and run
Speaker 5: it into these models that create systems that can understand
Speaker 5: or communicate human language, that can code. And all that
Speaker 5: is is them deriving from a gigantic data set the
Speaker 5: knowledge that's contained within it to create a set of skills.
Speaker 5: That's training. Inference is totally different. Inference is once you
Speaker 5: have that model, now you want to do.
Speaker 3: Something with it.
Speaker 5: You have a thing that can code great well inferences
Speaker 5: when you tell it to code a program to actually
Speaker 5: produce source code that does something. So they're just two
Speaker 5: habs at the same coin. One is the learning to
Speaker 5: create the capability. The other is the act of using
Speaker 5: the capability and production.
Speaker 4: Hey listen, something I got to ask you. It's a
Speaker 4: story that's on the Bloomberg and this has to do
Speaker 4: with Nobel Laureate he's also an economics professor. We're talking
Speaker 4: about Paul Romer, and he was talking with our team
Speaker 4: here and he said, runaway confidence and artificial intelligence risks
Speaker 4: repeating the mistakes of the crypto hype bubble of only
Speaker 4: two years ago. He says, right now, there's way too
Speaker 4: much confidence about the future trajectory of AI. When people
Speaker 4: project this phot I think they're at risk of making
Speaker 4: a very serious mistake. Do you think that there's too
Speaker 4: much confidence about AI? Do you think there's too much euphoria?
Speaker 5: Two answers to that in the general population. I think
Speaker 5: it's a very confusing space because we have basically the
Speaker 5: human race is maybe susceptible to science fiction, and we
Speaker 5: think that what we're producing is artificial general intelligence, and
Speaker 5: we're producing these these sentient beings.
Speaker 3: These are not sentient beings. These are technologies that yah.
Speaker 5: Yeah, maybe sometimes we all believe there's a path to AGI.
Speaker 5: It's just not in the near term. That whole dialogue,
Speaker 5: and let's call it the consumer general market, which is
Speaker 5: primarily where most of the big public AI players play,
Speaker 5: is a risk because people think these have personalities. They
Speaker 5: don't understand the technology. When you go to the enterprise world,
Speaker 5: it is far more conservative. There is no enterprise in
Speaker 5: the world that's trying to build the terminator or a
Speaker 5: sentient being. What we are doing is we're applying the
Speaker 5: techniques that we're pioneered in the public AI world in
Speaker 5: large language model space. Two very specific problems within a
Speaker 5: corporation that could benefit from it, writing code, finding your customers,
Speaker 5: engaging to solve problems.
Speaker 3: Those are the things that are mattering.
Speaker 5: So enterprise is kind of boring to be perfectly on
Speaker 5: versus what is in the part of the possible in
Speaker 5: the public world. However, as you know, our industrial complex
Speaker 5: is quite large and the impact is much bigger.
Speaker 4: Great stuff already looking forward the next time we get
Speaker 4: to catch up John, Thank you so much. B. While
Speaker 4: John Rose, he's global chief technology officer Dell Technology, is
Speaker 4: joining us from New Hampshire. You are listening and watching
Speaker 4: Bloomberg Business Week Carol Masser along with Tim Stanovic, and
Speaker 4: this is Bloomberg.
Speaker 2: Some disturbing information that we found our disturbing This next
Speaker 2: interview report by the global media company with a health
Speaker 2: and biotech focus. Marianne Liebert found that quote in nearly
Speaker 2: three quarters of the cases where a disease afflicts primarily
Speaker 2: one gender. The funding pattern favors males in that either
Speaker 2: the disease affects more women and is underfunded with respect
Speaker 2: to burden, or the disease affects more men and it's overfunded.
Speaker 2: So double whammy when it comes to the gender health gap.
Speaker 4: Yeah. Meantime, in a recent report for McKinsey, it found
Speaker 4: that reducing the time women spend in poor health by
Speaker 4: twenty five percent could be worth one trillion dollars, in
Speaker 4: large part because health disparities disproportionately hit women during their
Speaker 4: working years. So let's get to it. There are huge
Speaker 4: disparities between men and women's health that definitely tim need
Speaker 4: to be addressed.
Speaker 2: Back with us to talk about that gender health gap
Speaker 2: is Elizabeth Staddinger, managing board member at the sixty five
Speaker 2: billion dollar medical tech company Semen's Health and Ears, publicly
Speaker 2: traded one. I should note she joins us from Germany. Elizabeth,
Speaker 2: good to have you back with us. Thanks for staying
Speaker 2: up a little bit later once again to join us
Speaker 2: from Germany. Talk a little bit about what you're doing
Speaker 2: over at Semens Health and Ears to address this gender
Speaker 2: health gap.
Speaker 1: As you already mentioned, in the opening, there is significant disparities.
Speaker 1: And if you just to make this tangible, if you
Speaker 1: think of the typical Hollywood heart attack where somebody kind
Speaker 1: of reaches to his breast, has this burning sensation in
Speaker 1: the arm, and everybody will start rushing and saying, oh
Speaker 1: my god, something really serious is going on. Let's rush
Speaker 1: that patient to the ED and take care of him. Unfortunately,
Speaker 1: when you're a woman, most likely the symptoms you will
Speaker 1: be feeling are different. And that matters because the likelihood
Speaker 1: as a woman to be misdiagnosed when you're having a
Speaker 1: heart attack is fifty percent higher than it is for men,
Speaker 1: and the likelihood that you will actually not make it
Speaker 1: when you admit it to the hospital is actually twice
Speaker 1: as high as it is for men. And it gives
Speaker 1: you a sense of the huge gap that we have
Speaker 1: and the huge disparities we have when it comes to
Speaker 1: looking at women's health and men's health, and the big
Speaker 1: biases which are deeply ingrained into how we do things.
Speaker 4: Do men and women medical professionals are they biased equally?
Speaker 4: In other words, do women doctors, women nurses also misdiagnose
Speaker 4: or underdiagnosed women.
Speaker 1: That's actually a very interesting question. And if you think
Speaker 1: of what people learn when they get their training bit
Speaker 1: in nursing or in medical school, the typical default everything
Speaker 1: starts from in research, but also in the training in
Speaker 1: mid school is the man and the women. Sometimes is
Speaker 1: considered that's the abnormal version of the human being, and
Speaker 1: that leads to a situation that both men and women
Speaker 1: may have that bias. At the same time. There is
Speaker 1: some data which shows that on average, women are more
Speaker 1: sensitive to some of these differences than men are, just
Speaker 1: maybe because they've also experienced it themselves.
Speaker 4: It's funny even kind of preparing for this segment working
Speaker 4: with our producer Elizabeth Cedric, Like you know, even research
Speaker 4: that's been done is the baseline is off of what's
Speaker 4: going on with men, and it's just interesting, like trying
Speaker 4: to find data that everything is kind of off of
Speaker 4: that base, if you will. It was a little discouraging,
Speaker 4: to say the least.
Speaker 1: Right, there is a lot of bias which is somehow
Speaker 1: built into the system in R and D funding. You
Speaker 1: mentioned that in your opening statement, but also in clinical studies.
Speaker 1: For many, many many years, women were completely underrepresented in
Speaker 1: the clinical studies, which then leads to medication being approved
Speaker 1: based on male samples only.
Speaker 2: I'm wondering, Elizabeth, about the role of technology here, and
Speaker 2: we've had you on to talk about this in the past,
Speaker 2: but I'm wondering about bias when it comes to AI
Speaker 2: or when it comes to diagnoses, because if we talk
Speaker 2: about bias, it's something that's within every person and it's
Speaker 2: within doctors as well. Can we remove some of that
Speaker 2: bias if we use technology instead to make these medical decisions?
Speaker 1: And that's actually a very interesting topic because if you
Speaker 1: think of bias in people and bias in physicians, there
Speaker 1: is a lot of bias in the data which is
Speaker 1: used to train AIDS.
Speaker 2: I was afraid you were going to say this, and
Speaker 2: this is.
Speaker 1: But the good news is there is a lot of
Speaker 1: ways of dealing with that. I mean, we enceemental healthy mes.
Speaker 1: We have more than twenty years of working on deep
Speaker 1: learning AI based algorithms and dealing with patient data. We've
Speaker 1: built a huge database of more than two billion data points,
Speaker 1: and we can make sure as we're training our algorithms
Speaker 1: that we have a well balanced and diverse sample that
Speaker 1: goes into creating the algorithms and the prediction of the
Speaker 1: results that are based on the software what faith do
Speaker 1: There even ways of kind of adjusting for that, but
Speaker 1: you have to make a very conscious effort.
Speaker 4: That's what I was going to say, what faith do
Speaker 4: you have in that happening? Because I feel like, you know,
Speaker 4: you know this, you know where I'm going to go.
Speaker 4: These are not new issues, concerns, problems in terms of
Speaker 4: certainly when it comes I feel like with women and
Speaker 4: men and health and data. So what hopes do you
Speaker 4: have that that you know that that effort will be
Speaker 4: made to make sure that women are incorporated into the
Speaker 4: data points.
Speaker 1: I think there is a very strong link to how
Speaker 1: do we kind of ensure and also demand that the
Speaker 1: data that goes into the training of the AI does
Speaker 1: have the right balance and the right mix. So regulatory
Speaker 1: authorities can help here, but also companies of course can
Speaker 1: make sure and we, for instance, we put a lot
Speaker 1: of effort and energy into making sure that we use
Speaker 1: high quality data which is vetted where we are confident
Speaker 1: and certain that the input we provide to the software
Speaker 1: and to the algorithms really reflects both the disease we
Speaker 1: want to see as well as reflects a good sample
Speaker 1: across not only JENDA but also other dimensions which matter.
Speaker 2: So where do you go for the data to find
Speaker 2: unbiased data well, ultimately or do you just correct for it?
Speaker 1: You essentially correct for it. So when you pull together
Speaker 1: the sample you want to use, you make sure, Okay,
Speaker 1: how many women do I have, how many men? What
Speaker 1: kind of Also do I have enough representation of Asians
Speaker 1: of India and of African of Caucasian patients in order
Speaker 1: to make sure that we do not kind of over
Speaker 1: index on any of those dimensions.
Speaker 4: Yeah, fascinating if we don't get this right, I mean,
Speaker 4: what's at stake. It sounds like a lot in terms
Speaker 4: of health of women overall. And I wonder how much
Speaker 4: in terms of gaps between developed world and developing world,
Speaker 4: you know, where that really maybe has an impact or
Speaker 4: maybe it's everywhere.
Speaker 1: I would say it is really everywhere. You know, women
Speaker 1: are not simply small men, regardless of where you go
Speaker 1: on this planet. And I think it's also reality that
Speaker 1: we cannot improve global health if we ignore half the
Speaker 1: world's population. And there is not only a risk speaking
Speaker 1: now a lot about the risk, but there's also a
Speaker 1: real opportunity because if we manage to remove some of
Speaker 1: these barriers and can improve the health of women in
Speaker 1: the world globally. It will help everyone rise. You mentioned
Speaker 1: the one trillion of GDP by twenty forty that we
Speaker 1: could be tapping into if we did a better job
Speaker 1: at removing the barriers and the disparities in health.
Speaker 2: Elizabeth, thank you for joining us an important conversation. We
Speaker 2: always love it when you take the time to join us,
Speaker 2: and again thanks for stand up late over there in
Speaker 2: a Germany. Elizabeth Stattinger is managing board member over at
Speaker 2: Siemens Health and Ears. It's a publicly traded medtech company
Speaker 2: sixty five billion dollar market cap