AI/ML Innovations Inc. Launches New Subsidiary, NeuralCloud Solutions Incorporated

AI/ML Innovations Inc. announced the establishment of NeuralCloud Solutions Incorporated, a new wholly owned subsidiary focused on the synergy of the global smart sensor market and digital health industry. This initiative aims to monetize the assets recently acquired from Naiad Labs Inc., marking a strategic enhancement of AIML's technological capabilities in health-related artificial intelligence.

Paul Duffy, CEO of AI/ML Innovations, emphasized the subsidiary’s goal to democratize access to personal health intelligence using advanced sensor technologies and AI. Meanwhile, Esmat Naikyar, newly appointed President of NeuralCloud, expressed his commitment to leveraging this technology to transform healthcare delivery and promote positive societal outcomes.

Statistical data indicates substantial growth potential for NeuralCloud's target markets. The smart sensors sector, critical to this strategy, is projected to grow from USD 52.4 billion in 2023 to USD 160.3 billion by 2030. Simultaneously, the digital health market is expected to expand from USD 217 billion in 2022 to USD 1,592 billion by 2032, showcasing the extensive market opportunities NeuralCloud aims to capitalize on.