Sponsored

BPH Energy’s (ASX:BPH) Investee Cortical Dynamics Selected for  AI Grant

October 25, 2024 03:56 PM AEDT | By Aditi Sarkar
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • BPH’s investee company Cortical Dynamics has been selected for a grant as one of three innovative biomedical companies.
  • Cortical has added AI to intellectual property originally developed at Swinburne University.
  • Cortical will use data and AI to transform its products range from perioperative management of anaesthetic agents.

BPH Energy (ASX:BPH) has provided an upbeat update on its investee company Cortical Dynamics Limited.

Cortical has been selected for a grant as one of three groundbreaking biomedical companies leveraging data and artificial intelligence (AI) to enhance their global competitiveness. This opportunity comes as part of a new accelerator program launching this month.

Cortical Dynamics is a neurotechnology medical device company with Brain Anaesthesia Response (BARM™) System as core product. Cortical has added AI to intellectual property originally developed at Swinburne University.

Cortical has been selected for the Biomedical AI Sprints Accelerator (BASA) grant run by prominent innovation centres, the Advanced Robotics for Manufacturing (ARM) Hub and MTPConnect.

Professor Cori Stewart, CEO and Founder of ARM Hub, along with MTPConnect CEO Stuart Dignam, have both extended their congratulations to the companies for their achievements.

Professor Stewart said BASA will help tap valuable intelligence within their businesses. “AI and automation are estimated to increase Australia’s productivity by 50% to 150%,” Professor Stewart said. “We are already seeing lifechanging evidence of the value of AI in biomedicine with accelerated drug discovery, precision medicine, and enhanced diagnostics,” Stewart added.

The share price of BPH was AU$ 0.012 at the time of writing on 25 October 2024.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.