Substance Abuse Treatment Market Expected to Reach $23.1B In 2021, the worldwide market for substance abuse treatment reached a valuation of $10.2 billion. Projections indicate that the global market is expected to experience a Compound Annual Growth Rate (CAGR) of 8.5% from 2022 to 2031. This anticipated growth trajectory suggests that the global substance abuse treatment market is poised to exceed $23.1 billion by the year 2031.
https://www.transparencymarketresearch.com/substance-abuse-treatment-market.html
In order to tap into this expanding market and assist individuals in taking control of their addictions, Vice Health and Wellness Inc. (Ticker: VICE.C or VICFF for US investors) is in the process of developing a unique AI-driven solution.
Their smartphone app, known as Vice Versa AI, is designed to offer personalized guidance and solutions to individuals seeking help with addiction management, weight loss, and overall well-being. This initiative aims to make the health benefits of AI accessible to a broader audience.
Vice Versa AI's primary mission is to tackle global health challenges linked to addiction and weight management by harnessing the power of AI to collect user data, thereby enabling tailored approaches to individual wellness goals while placing a high priority on user privacy.
The application will integrate GPT technology to facilitate natural language interactions, fostering meaningful conversations with users. Vice Versa AI will continuously adapt and provide real-time guidance to maintain user motivation.
VICE has established a strategic partnership with an AI software development firm to lead the development of this innovative AI-driven application. They have already achieved significant milestones in terms of team formation, research, technical feasibility, and system architecture design.
More here: https://ca.finance.yahoo.com/news/vice-health-wellness-using-ai-124500603.html
Posted on behalf of Vice Health and Wellness Inc.