Keep pulling the thread on Devoted Health.
Steve believes the current AI-driven transformation in healthcare is 10 to 100 times more impactful than the virtual care boom during the COVID-19 pandemic.
Steve states that the new benchmark for top-tier growth in AI healthcare companies is accelerating from $10 million to $100 million in revenue.
Steve predicts that the public markets will soon open up for a new wave of AI and health AI companies, following potential IPOs from platform companies like OpenAI and Anthropic.
Freenome filed to go public in late 2025.
Thoreau Capital, led by Matt Holt, acquired revenue cycle management company Ensemble for $12 billion.
According to preliminary data from a Rock Health report, digital health funding reached $7 billion in the first half of 2026, surpassing the total from the same period in the previous year.
A study published in Nature concluded that general-purpose AI models like ChatGPT, Gemini, and Claude outperformed specialized clinical AI tools Open Evidence and UpToDate Expert AI on all tested measures.
Steve predicts that large foundation model providers like Anthropic and OpenAI will win the product war in clinical decision support due to their superior resources.
According to a Rock Health report, 48% of all American men between the ages of 18 and 49 have an active account with at least one sports betting platform.
A study from Hopkins Public Health Magazine found that one in five people with a gambling disorder attempts or completes suicide, a rate higher than for those with substance use disorder.
Midjourney has launched a new division, Midjourney Medical, to develop a full-body ultrasonic scanner called Ultrasonic CT.
The state of Utah is allowing Doctronic to provide AI-powered prescription renewals for over 200 common medications within a regulatory sandbox.