As of 2021, the global market for addressing substance abuse treatment issues was valued at $10.2 billion. Predictions point towards a steady Compound Annual Growth Rate (CAGR) of 8.5% expected from 2022 to 2031. This foreseen growth trajectory suggests that the worldwide market for substance abuse treatment could surpass $23.1 billion by 2031.
https://www.transparencymarketresearch.com/substance-abuse-treatment-market.html
To capitalize on this expanding market and aid those struggling with addiction, Vice Health and Wellness Inc. (Ticker: VICE.C or VICFF for US investors) is currently in the process of creating an innovative AI-driven solution.
Their mobile application, known as Vice Versa AI, is designed to deliver tailored guidance and solutions for individuals seeking support in managing addiction, achieving weight loss, and enhancing overall well-being. This initiative aims to democratize the advantages of AI in promoting better health.
Vice Versa AI is primarily committed to addressing global health challenges related to addiction and weight management by utilizing AI to gather user data, allowing for personalized approaches to individual well-being objectives while giving top priority to user privacy.
The app will incorporate GPT technology for natural language interactions, fostering meaningful conversations with users. Vice Versa AI will adapt continuously, providing real-time guidance to sustain user motivation.
VICE has forged a strategic alliance with an AI software development company to lead the creation of this pioneering AI-driven application. They have already achieved significant milestones in forming their team, conducting research, assessing technical feasibility, and designing the system architecture.
More here: https://www.newswire.ca/news-releases/vice-updates-development-of-proprietary-artificial-intelligence-app-for-obestiy-weight-loss-and-addiction-851288046.html
Posted on behalf of Vice Health and Wellness Inc.