Gates Foundation awards $5M to healthcare AI startups

The Bill & Melinda Gates Foundation is supporting 48 healthcare artificial intelligence and large language model startups with up to $100,000 in funding.

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The 48 companies were selected from more than 1,300 proposals. The vast majority of the selected companies are looking to use the technology to assist communities in low- and middle-income countries, according to an Aug. 9 Bill & Melinda Gates Foundation blog post.

Due to the large number of applicants, the Gates Foundation increased the total funding awarded from $3 million to $5 million.

More than 75 percent of the recipients are first-time Gates Foundation grants recipients.

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