Is Intuitive Surgical the Tesla of Healthcare?
Artificial intelligence (AI) is becoming one of the key technologies unlocking innovation across industries. Few companies have embraced it as much as electric vehicle manufacturer, Tesla (NASDAQ: TSLA). From the beginning, Tesla realized electric cars would be game changers. But perhaps its biggest opportunity rests in using AI to enhance every aspect of vehicle performance -- including the eventual goal of creating a fully self-driving car. Eventually, though maybe not as soon as Elon Musk would like, fleets of AI-driven Tesla robotaxis could dramatically improve the cost and safety of driving.
Similarly, Intuitive Surgical (NASDAQ: ISRG) has realized the impact AI could have on its Da Vinci and Ion surgical robot business. In October 2020, Intuitive launched a $100 million venture capital fund to invest in companies accelerating the future of minimally invasive care. Investing in the combination of AI and surgical robots has the potential to create better outcomes, fewer complications, shorter hospital stays, faster recoveries, and lower total costs.
Although the automotive and healthcare industries may seem worlds apart, they both stand to benefit greatly from innovations in AI and robotics.
Source Fool.com
