An Ex-CIO Of Goldman Sachs Is Helping A Startup Use AI To Battle Cancer
The Forbes article, "An Ex-CIO Of Goldman Sachs Is Helping A Startup Use AI To Battle Cancer," quoted Russell Reynolds Associates Consultant Fawad Bajwa on what well-experienced CIOs can bring to the table at a startup. The article is excerpted below.
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.
Chavez, who’s 55, has just joined the board of Paige, a startup in New York City that’s using artificial intelligence to improve the diagnosis and treatment of cancer patients. It’s his first commercial board position since leaving the bank—and one where his experience in finance is more relevant than it might at first appear.
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.
Fawad Bajwa, the global head of the AI practice at search firm Russell Reynolds, says former CIOs with experience such as Chavez’s can bring a lot to the boards of startups and large companies alike. “You get a two-in-one: Someone who really understands AI and whose network means they can open relationships for you.”
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