The next Big Tech battle
Amazon’s bet on healthcare begins to take shape. The company is in the process of launching various consumer-facing healthcare services, but it’s also facing competition from other areas of Big Tech. Dave Lee argues that if Amazon can tactically handle the competition and successfully navigate through a political landscape "increasingly fearful of its power," healthcare is set to be one of the company’s most significant opportunities. "Big Tech companies believe they sit at the crossroads of these tantalising trends. On top of the businesses they are building internally, the collective healthcare investments of Facebook, Amazon, Microsoft, Google and Apple surged in 2020 to $3.7bn. Midway through this year, according to CB Insights, a further $3.1bn had been funnelled into the sector."
From Financial Times