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Treatment.com AI Inc
Symbol TRUE
Shares Issued 38,080,115
Close 2024-04-05 C$ 0.66
Market Cap C$ 25,132,876
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Treatment.com applauds feds for planned AI spending

2024-04-08 09:53 ET - News Release

Dr. Essam Hamza reports

TREATMENT.COM AI WELCOMES THE FEDERAL GOVERNMENT'S ANNOUNCEMENT OF A PLAN TO FUND $2.4 BILLION IN ITS UPCOMING BUDGET TOWARDS ARTIFICIAL INTELLIGENCE (AI) ADOPTION

Treatment.com AI Inc. welcomes Prime Minister Justin Trudeau's announcement on April 7, 2024, that the federal government plans to fund $2.4-billion in its latest budget toward build capacity in artificial intelligence adoption.

The federal government's announcement indicates an imminent consultation with industry on a new AI compute access fund and an accompanying strategy to expand the sector in Canada.

Mr. Trudeau said, "We want to help companies adopt AI in a way that will have positive impacts for everyone," and indicated that $200-million of the proposed funding will specifically go toward boosting the adoption of AI in sectors like agriculture, clean technology and health care.

As a Canadian company utilizing AI to positively disrupt the health care sector, Treatment.com welcomes this announcement. The AI health care market, valued at $11-billion in 2021, is projected to be worth $187-billion in 2030. With the input of hundreds of health care professionals globally and utilizing proprietary algorithms, Treatment.com has created the most comprehensive and integrated on-line medical library powered by AI -- the Global Library of Medicine (GLM). The GLM provides the highest level of qualified clinical and support to all health care professionals, ensuring enhanced diagnostic accuracy and transparency in every step of support provided. To underscore the accuracy of its platform, the company recently announced that its AI software passed a medical clinical exam, exceeding a 92-per-cent success rate.

Further, with the challenges facing health care systems today (such as burnout and staff shortages) and for health care professionals especially, the GLM can help mitigate many of today's menial tasks, such as history taking, chart notes and billing, and ensure they are spending quality time with patients who need to be seen. In turn, this will have a positive impact on costs and cost allocation for health care organizations and governing bodies.

Dr. Essam Hamza, chief executive officer Treatment.com AI, commented: "Globally and here in Canada, our health care systems are crying out for evolution, and AI has a significant opportunity to positively disrupt health care versus most other industries. Therefore, this announcement by the federal government comes at an opportune time. The future of health care delivery is going to look completely different than what it looks like today, through increased utilization of credible and pertinent AI solutions like what we've created at Treatment.com AI. We look forward to participating in imminent discussions with the federal government."

About Treatment.com AI Inc.

Treatment.com AI is a company utilizing artificial intelligence to positively disrupt the health care sector and impact current inefficiencies and challenges. Over the past seven-plus years and with the input of hundreds of health care professionals globally, Treatment.com AI has built the world's most intelligent, personalized health care AI engine, the Global Library of Medicine. Providing the highest qualified clinical information and support to all health care professionals, the GLM delivers greater-than-92-per-cent accuracy on first diagnosis as well as providing recommended tests (physical and laboratory), X-rays and billing codes. The platform's quality and transparency are unrivalled, as the GLM provides an explanation of every step and likelihood associated with every symptom. Treatment.com AI also focuses on the next generation of health care professionals, supporting medical and nursing schools which utilize the GLM to help enhance future clinical skills of their students. Treatment.com AI is focused on using AI for good and utilizing its GLM platform to bring the possibility of health equity and inclusion for disenfranchised communities.

We seek Safe Harbor.

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