Finance
GE HealthCare gets $44M-plus grant from Bill & Melinda Gates Foundation
GE HealthCare Technologies Inc has received a grant of more than $44 million from the Bill & Melinda Gates Foundation to develop AI-assisted ultrasound technology, the company said on Monday.
The grant will facilitate development of AI-assisted ultrasound imaging auto-assessment applications and tools to help address maternal and fetal health and respiratory diseases.
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The X-ray and ultrasound machine maker added that the grant is aimed at expanding access to high quality care around the world with an emphasis on low- and middle-income countries.
Caption Health, acquired by GE HealthCare earlier this year, will design the technology to run across a range of ultrasound devices and probes, including lower-cost handheld devices.
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