GE HealthCare Technologies Inc has received a grant of over $44 million from the Bill & Melinda Gates Foundation, the company announced on Monday. The grant aims to support the development of AI-assisted ultrasound technology.
The funding will be utilized to create AI-assisted ultrasound imaging auto-assessment applications and tools that will contribute to improving maternal and fetal health as well as addressing respiratory diseases. The grant also seeks to enhance access to high-quality healthcare, especially in low- and middle-income countries.
GE HealthCare, a prominent manufacturer of X-ray and ultrasound machines, plans to collaborate with Caption Health, a company it acquired earlier this year. The partnership aims to design the technology to be compatible with various ultrasound devices, including more affordable handheld devices.
According to a spokesperson for GE HealthCare, the AI-assisted ultrasound technology has the potential to revolutionize healthcare. By incorporating artificial intelligence into ultrasound devices, clinicians will be able to quickly and accurately assess patients’ conditions, leading to more effective diagnoses and treatments.
The development of this technology is crucial in achieving the mission of the Bill & Melinda Gates Foundation, which is to reduce health inequalities and improve healthcare outcomes globally, particularly in underprivileged communities.
The grant received by GE HealthCare is a testament to the trust and recognition that the company has earned in the healthcare industry. The company has consistently demonstrated its commitment to advancing medical technology and improving healthcare services worldwide.
This announcement comes at a time when the demand for innovative medical solutions is rapidly increasing. With the ongoing COVID-19 pandemic and the strain it has placed on healthcare systems, there is a greater need for efficient and accessible healthcare technologies.
The collaboration between GE HealthCare and Caption Health represents a significant step forward in the field of ultrasound technology. By making AI-assisted ultrasound more accessible and affordable, this partnership has the potential to significantly impact global healthcare.
Pratik Jain, a reporter based in Bengaluru, contributed to this article. The editing was done by Dhanya Ann Thoppil and Shailesh Kuber.
Credit: The Star : Tech Feed
