Market innovations in AI can save lives

By now it feels impossible to have access to the internet and not have tried your hand at a conversation with ChatGPT or creating some crazy designs with an AI image generator. This new emerging technology has exploded onto the scene, and the power of market innovations is already being seen. 

One of the great advantages of free market economies is competition. The nature of competitive markets means that there's always incentive to create better products and better services at lower costs. This sparks ingenuity and creativity in how new technologies can be applied. While the impacts from things like AI search engines is already useful, researchers are stepping it up a notch by applying AI learning to medical technology. 

Recently a study released which confirmed new radiology tools which can detect abnormal chest X-rays with 99.1% sensitivity - this means all kinds of potential diseases are able to be identified even from the slightest abnormalities that could be missed from human overview. More importantly, however, this extremely accurate analysis can free radiologists to spend their time on more complicated and difficult tasks, improving their effectiveness. 

“Chest X-rays are one of the most common imaging examinations performed worldwide,” Dr. Plesner said. “Even a small percentage of automatization can lead to saved time for radiologists, which they can prioritize on more complex matters.”

You can read more about the machine here!

 

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