GE HealthCare awarded a $44 million grant to advance AI-powered ultrasound technology

GE HealthCare Technologies Inc (GEHC.O) announced that it has received 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 use artificial intelligence to help automatically evaluate ultrasound imaging. The aim is to address maternal and fetal health, as well as respiratory diseases.

The Gates Foundation grant is intended to promote access to high-quality health care 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 using artificial intelligence for ultrasound imaging, GE HealthCare aims to improve the accuracy and efficiency of assessments, leading to improved healthcare outcomes for patients. This development is in line 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 continue its mission of expanding access to high-quality healthcare worldwide. Through the development of AI-assisted ultrasound technology, the company aims to positively impact global health, particularly in underserved communities.