The AI boom’s biggest payoff could be better medicines

The AI boom has rapidly expanded from the digital to the physical. Chips, data centers, cloud infrastructure, and new sources of power are being built at extraordinary speed. But what valuable work will this capacity enable? At the World Economic Forum’s 2026 Annual Meeting in Davos, Nvidia CEO Jensen Huang described AI as a five-layer stack: energy, chips, cloud infrastructure, models, and applications. The first four layers create the capacity. The application layer turns that capacity into...