GE HealthCare Awarded A $44M Grant To Develop Artificial Intelligence-Assisted Ultrasound Technology Aimed At Improving Outcomes In Low-And-Middle-Income Countries
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GE HealthCare (NASDAQ:GEHC) has been awarded a $44 million grant from the Bill & Melinda Gates Foundation to develop AI-assisted ultrasound technology aimed at improving healthcare outcomes in low-and-middle-income countries. The technology will be designed by Caption Health, a medical AI company acquired by GE HealthCare in 2023. The grant will facilitate the development of AI-assisted applications and tools to enable healthcare professionals with less experience to perform quick and accurate ultrasound scans.
September 18, 2023 | 12:05 pm
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The $44M grant from the Gates Foundation to GE HealthCare for the development of AI-assisted ultrasound technology could potentially boost the company's reputation and market position in the healthcare sector. The technology is aimed at improving healthcare outcomes in low-and-middle-income countries.
The grant from the Gates Foundation is a significant endorsement of GE HealthCare's capabilities in the field of AI-assisted healthcare technology. This could potentially enhance the company's reputation and market position, especially in low-and-middle-income countries where the technology is targeted. The development of this technology could also lead to new revenue streams for the company in the future.
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