AI/ML Innovations Inc. Introduces "The Neural Net Store"
AI/ML Innovations has launched The Neural Net Store, an online commercial portal offering flexible, affordable access to its AI-driven healthcare solutions. The NNStore features products like the Follow Your Heart suite for Blood Pressure measurement and a Long ECG Neural Network analytical tool. Users can access these tools via downloadable APIs for integration into third-party applications or through a cloud-based Neural Net Service (NNaaS). This service is designed to eliminate barriers in adopting AI solutions in healthcare, offering options for both infrequent and frequent users, including developers and healthcare organizations. The introduction of the NNStore aims to facilitate easier implementation of AI technologies, thereby driving innovation in healthcare.
- Launch of The Neural Net Store provides a new revenue stream.
- Flexible access through APIs and cloud-based services broadens market reach.
- Addresses barriers to AI adoption in healthcare, potentially increasing customer base.
- Micropayment model offers monetization options for each Neural Net use.
- Targeting various sectors, including hospitals, pharmaceutical companies, and device makers.
- No need for users to develop their own web infrastructure, reducing costs and complexity.
- Leveraging historical data for new healthcare insights and digital biomarkers.
- Partnerships with companies like Health Gauge and AI Rx Inc. to expand solutions.
- No immediate financial impact or revenue figures disclosed.
- Potential competition from established AI and healthcare service providers not addressed.
- Uncertain market adoption and scalability of the NNStore.
- Risk of technological issues affecting the cloud-based NNaaS service.
Highlights:
- Convenience: The Neural Net Store is a commercial portal offering access to AIML's suite of healthcare applications.
- Flexibility: AIML's healthcare tools are accessible as both APIs and cloud-based services.
- Unlock Value with Micropayments: Monetize each Neural Net use with a simple click.
VICTORIA, BC / ACCESSWIRE / May 28, 2024 / AI/ML Innovations Inc. ("AIML" or the "Company") (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB), a leading company committed to acquiring and advancing Artificial Intelligence/Machine Learning technologies that address urgent societal needs, is proud to introduce its online commercial portal, The Neural Net Store (The NNStore).
The NNStore offers flexible, affordable, commercial access to AIML's proprietary, AI-driven healthcare solutions that include the Follow Your Heart product suite for Blood Pressure measurement, as well as the Company's recently acquired Long ECG Neural Network analytical tool.
Commercial transactions in The NNStore are completed in two ways:
- A Downloadable API Product:
Developers can integrate AIML's healthcare solutions directly into their third-party applications via the licensing (or purchase) and downloading of our proprietary APIs from the NNStore.
Well-known examples of APIs include Google Fit, Google Maps, PayPal, and YouTube.
- A Web Application Neural Net Service (NNaaS):
Users also enjoy the option of the ease and cost effectiveness of accessing AIML's healthcare tools online, via our neural network cloud solution - thereby eliminating the need of setting up their own web infrastructure. Our online customizable Admin Console allows licensed users to run our neural network web applications without the need for any technical knowledge or processing power, as the proprietary technology and processing power resides on our servers, not the user's computer or medical devices. For example, users simply upload an ECG file to our Long ECG NN, and retrieve a spreadsheet with all the heartbeats labeled - accurately and quickly.
Successful examples of this model include productivity portals such as Goole Docs and Microsoft Office, commercial portals such as eBay and Amazon, and AI-centric web portals such as ChatGPT.
These web-based transactions can be licensed either on a per-use basis by the infrequent/retail user, or by way of a subscription for frequent/commercial users.
Esmat Naikyar, CPO of AI/ML Innovations Inc, stated "With the launch of NNStore, we proudly introduce our Neural Network as a Service (NNaaS), a unique model for the development and delivery of neural network assets through cloud infrastructure.
NNStore empowers tech and developer teams in healthcare organizations to create cloud infrastructures that seamlessly integrate AI/ML's proprietary AI-driven health solutions. This service benefits a wide range of organizations, including device companies, hospitals, pharmaceuticals and many more. Additionally, healthcare teams, specialists, and researchers can directly access our solutions through the web portal, avoiding the need to develop their own integration applications.
The NNStore fundamentally eliminates barrier to adoption of AI and neural network solutions for healthcare organizations. By enabling easy implementation, it also allows organizations to leverage their anonymized historical data to uncover new insights, discover digital biomarkers, and drive faster and more efficient healthcare innovations."
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About AI/ML Innovations Inc. https://aiml-innovations.com/
AI/ML Innovations Inc. has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence (AI) and machine learning (ML), with an initial investment focus on emerging digital health and wellbeing companies that leverage AI, ML, cloud computing and digital platforms to drive transformative healthcare management solutions and precision support delivery across the health continuum. Through strategic partnerships with Health Gauge (
On behalf of the Board of Directors
Tim Daniels, Executive Chairman
For more information about AI/ML Innovations:
For detailed information please see AI/ML's website or the Company's filed documents at www.sedarplus.ca
For further information, contact: Blake Fallis at (778) 405-0882 or info@aiml-innovations.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For AI/ML Innovations Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements that involve substantial known and unknown risks and uncertainties. This press release contains express or implied forward-looking statements relating to, among other things, AI/ML Innovations' expectations concerning management's plans, objectives, and strategies, including strategies for defending the Company's intellectual property. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. AI/ML Innovations Inc. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events, or circumstances or otherwise except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by AI/ML with the securities regulatory authorities, available at www.sedar.com.
SOURCE: AI/ML Innovations Inc.
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