Ex-CIO of Goldman Sachs, Marty Chavez, is helping a startup use AI to battle cancer
When Marty Chavez retired from Goldman Sachs at the end of last year, the obvious next step was to take board positions elsewhere in finance. Instead, he’s chosen the world of healthcare.
At Goldman, Chavez, who was CIO from 2013 to 2017, led teams building AI models to try to predict how stock markets and interest rates would behave. Paige is leveraging AI to help doctors and drug companies better predict how patients will respond to different oncology treatments. The startup has struck an exclusive deal with Memorial Sloan Kettering Cancer Center to use 25 million pathology records to help train its AI models and plans to leverage other sources such as genomic data.
Chavez got interested in medicine early on: As a student, he did a doctorate in medical information sciences at Stanford University and remains close to former colleagues in the field. He has also seen at first hand how technology can transform an industry. At Goldman, he regularly talked about the need for financial institutions to become more like technology firms in their approach to things such as coding and automation.
Chavez was introduced to Paige by well-known venture capitalist Jim Breyer, whose fund, Breyer Capital, played a key role in a recent $45 million funding round for the company. Altogether, Paige has raised just over $70 million and is planning to use the cash from its latest round to get regulatory clearance for its products and bring them to market faster.
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