Larry Ellison: Oracle's AI reduces hospital readmissions; ChatGPT 'can write my high school essay'

Larry Ellison, chair and chief technology officer of Oracle, said the software company's artificial intelligence applications are more valuable to society than ChatGPT because of their ability to improve healthcare.

He pointed to the company's partnership with Houston-based MD Anderson Cancer Center and software vendor Ronan, which created AI modules that make care recommendations, according to a March 9 earnings call transcribed by The Motley Fool. The system can cut hospital admissions and readmissions by 30 percent, he said.

"People talk about ChatGPT being really cool because they can write my high school essay for me. Well, how about reducing the hospital readmissions at MD Anderson by 30 percent?" Mr. Ellison said. "You decide which is more important."

Since Oracle's acquisition of EHR vendor Cerner last year, the company has been focused on using AI to manage diseases like cancer and heart disease as well as improve wellness, Mr. Ellison said in the call.

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