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Can AI Significantly Improve Mental Healthcare? – BSI bureau

Can AI Significantly Improve Mental Healthcare? – BSI bureau

 

The evolution and expanding application of Artificial Intelligence (AI) in healthcare, and mental health in particular, has been profound in the past three years. However, the mental health tech space globally witnessed funding worth $713 million in 2023 year-to-date (YTD), a 52.5 per cent decline from $1.5 billion raised in the same period in 2022 and a 79 per cent decline from $3.43 billion in 2021. While the funding seems to be plummeting , the increasing use of technologies like artificial intelligence might have a boost lined up for mental healthcare in the coming months. Let’s delve deeper to find out… 

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