ARK Invest's Multiomics Analyst And Cathie Wood Tease Future Of Healthcare: 'Innovation Solves Problems'

ARK Invest’s multiomics analyst, Nemo M Despot, and the firm’s leader, Cathie Wood, have hinted at a revolutionary approach to healthcare, leveraging multiomics, artificial intelligence, and big data.

What Happened: On Thursday, Despot, a multiomics analyst at ARK Invest, took to X, formerly Twitter, and shared his vision for the future of healthcare.

He expressed his interest in exploring the intersection of multiomics, engineering, big data, and AI to transform healthcare.

Multiomics refers to the integration and analysis of data from multiple “omics” fields (like genomics, proteomics, and metabolomics) that study different aspects of biological systems. 

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Following Despot’s post, Wood shared her anticipation for the innovative research that Despot is developing.

She noted the potential of this convergence to diagnose cancer at or before stage 1 and to reverse or cure many diseases.

“Innovation solves problems,” ARK Invest’s Wood said.

Looking forward to sharing the brilliant research that @NMDespotARK is evolving on the convergence between multiomics and AI. That convergence will help diagnose cancer in or before Stage 1 and reverse or cure many diseases. Innovation solves problems. https://t.co/pi5w2ihxtl

— Cathie Wood (@CathieDWood) August 29, 2024

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Why It Matters: The healthcare industry has been witnessing a surge in the application of AI and big data in recent years.

Earlier this year in June, ChatGPT-parent OpenAI and Color Health developed AI-driven cancer care solutions, integrating AI models into healthcare applications.

Last year in July, it was reported that a new AI technology had been developed that could interpret brain cancer’s genome in real-time during surgery, accelerating the future of brain tumor treatment.

Image via Ark Invest

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.