Compared To China, Tech Billionaires’ New Health Initiative Is Actually Behind The Curve
Amazon, Berkshire Hathaway and JPMorgan are entering the health care field with a new project geared toward lowering overall costs for their employees. The initiative has been called game-changing, but in China big tech companies have been doing this for years.
The New York Times:
Amazon Wants To Disrupt Health Care In America. In China, Tech Giants Already Have.
Amazon and two other American titans are trying to shake up health care by experimenting with their own employees’ coverage. By Chinese standards, they’re behind the curve. Technology companies like Alibaba and Tencent have made health care a priority for years, and are using China as their laboratory. After testing online medical advice and drug tracking systems, they are now focused on a more advanced tool: artificial intelligence. (Wee and Mozur, 1/31)
Amazon Is Now A $700 Billion Stock-Market Gorilla
Amazon.com Inc. is pushing its weight around in the stock market. The e-commerce giant’s rapid climb in recent years has only accelerated in 2018, pushing the company’s market cap above $700 billion for the first time on Wednesday. That puts it in rarefied territory alongside Apple Inc., Alphabet Inc., and Microsoft Corp. (Eisen, 1/31)