GE HealthCare Technologies Inc (GEHC.O) has announced that it has been awarded a grant of over $44 million from the Bill & Melinda Gates Foundation. The grant aims to support the development of AI-assisted ultrasound technology. GE Healthcare plans to use this grant to develop applications and tools that utilize AI to assist in auto-assessments of ultrasound imaging. The goal is to address maternal and fetal health, as well as respiratory diseases.
The grant from the Gates Foundation is intended to promote access to high-quality healthcare globally, with a particular focus on low- and middle-income countries. Caption Health, which was acquired by GE HealthCare earlier this year, will be responsible for designing the technology to be compatible with a range of ultrasound devices and probes, including more affordable handheld devices.
This funding represents a significant step forward in the integration of artificial intelligence into healthcare technology. By leveraging AI for ultrasound imaging, GE HealthCare aims to enhance the accuracy and efficiency of assessments, leading to improved healthcare outcomes for patients. This development aligns with the company’s commitment to advancing technology and innovation in the healthcare industry.
Overall, this grant from the Bill & Melinda Gates Foundation will enable GE HealthCare to further its mission of expanding access to high-quality healthcare worldwide. Through the development of AI-assisted ultrasound technology, the company aims to make a positive impact on global health, particularly in underserved communities.