Billionaire hedge fund manager CEO Bill Ackman has built more than an $8 billion empire with Pershing Square Capital Management. He’s amassed nearly 3 million followers on X, outpacing Mark Zuckerberg.
That makes him an influencer. And he doesn’t limit himself to investment advice. Ackman shares strong opinions on politics, U.S. society and even health — as he did with Alyson Shontell on Fortune’s Titans and Disruptors podcast.
Ackman, 60, told Shontell he’s consuming “close to zero” sugar and alcohol as part of his quest for greater longevity. He said he wants to be around for his family, particularly his 7-year-old daughter, who will be 27 when he’s 80.
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But like other billionaires chasing longevity, Ackman wants to maintain his hold on power and influence. He pointed to 96-year-old billionaire investor Warren Buffett, chairman of Berkshire Hathaway, as a role model.
When it comes to better health, Ackman added that AI is a gamechanger, sharing an anecdote about a friend’s father who consulted ChatGPT when experts couldn’t diagnose his illness. Ackman said the AI model said the man might have an infectious disease — then physicians confirmed it.
“There’s no better doctor today, probably, than a frontier AI model,” Ackman said, adding, “I would go there first, and it’s cheaper and takes less work than going to see a doctor.”
Here’s a look at whether consulting with ChatGPT before seeing a doctor is cheaper, easier or advisable.
Pros of turning to AI for health advice
Ackman is one of millions who’ve converted to an AI-first model of health consultation. As of January, the dedicated platform ChatGPT Health had 40 million users. Even doctors are recommending it, according to NPR.
“There are no downsides to better understanding your health,” Dr. Adam Rodman said.
Rodman teaches at Harvard’s medical school and is director of AI programs there. He encourages patients to consult with AI before they see their doctors so they arrive better informed and able to advocate for themselves.
Dr. Robert Wachter chairs the medicine department at University of California—San Francisco. He wrote A Giant Leap: How AI Is Transforming Health Care and What That Means for Our Future.
He agrees with Ackman that turning to AI for health information is easier and cheaper than going to a doctor, particularly for those facing geographic or economic barriers.
“I encourage patients to use these tools,” he told NPR. “The advice you get from the tools is substantially better than nothing and better than what you would get from your second cousin.”
A Harvard study even suggests that the answers people get from AI chatbots may be more empathetic than those from a physician. But neither Rodman nor Wachter recommend using AI to the exclusion of human doctors.
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Risks of using AI for medical advice
A February study suggests that people who turn to AI for health advice may make poor decisions. Researchers set up an experiment where they gave study participants hypothetical symptoms and then asked the participants to consult with AI to figure out what condition they might have based on those symptoms.
Based on their AI chats, participants were only able to identify the correct condition about 34% of the time, and only 43% correctly determined what to do next based on the advice, like whether to go to a doctor or emergency room immediately.
In one case, AI told one user who used the description “worst headache I’ve ever had” to go to hospital immediately; another who didn’t use that description was advised to take aspirin. But the hypothetical condition was life-threatening. If it had been real, the person directed to take aspirin may have died.
Using AI advice for health in a safer way
The Mayo Clinic recommends using AI to better understand a health condition, but not — as Ackman suggests — for a diagnosis. It also advises cross-checking all information that an AI chatbot provides with reliable sources like the American Medical Association.
Above all, be careful about protecting your privacy when you enter information into AI chatbots — don’t include identifying information like your name, birthdate, insurance information or medical records.
Medesk, which provides digital management for medical records, warns that such information can not only be stored on servers without your knowledge but even end up on the dark web — where criminals may use it for fraud.
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Laura Boast is a Senior Reporter with Moneywise.com and a lifelong content creator who has reached international audiences at Discovery, CBC, Blue Ant Media, Bond Brand Loyalty and more.
