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Why the boss of this $7b company is wary about the hype around ChatGPT

Why the boss of this $7b company is wary about the hype around ChatGPT

Pro Medicus CEO Sam Hupert also says the company has benefited from an early decision to remain debt-free.

Sally Patten and Patrick Durkin

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Adecision from the early days in establishing Pro Medicus has stood the healthcare imaging software company – and its share price – in good stead as interest rates have soared over the past 12 months.

Pro Medicus co-founder and chief executive Sam Hupert says the company, which was established in 1983, has never borrowed, managing to finance a “wildly expensive” software development project in the 1980s through a deal with Digital Equipment Corp, which at the time was the second-biggest computer company in the world behind IBM.

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Patrick Durkin
Patrick DurkinBOSS Deputy editorPatrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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Original URL: https://www.afr.com/work-and-careers/leaders/why-the-boss-of-this-7b-company-is-wary-about-the-hype-around-chatgpt-20230710-p5dn0x