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Helfie AI, an Australian start-up, has developed an app that claims to diagnose illnesses, including cancer. Despite its innovative approach, local investors are hesitant to support high-risk ventures, particularly those led by founders with previous failures. The company has successfully raised $33 million at a valuation of $750 million, primarily from international investors.
The app's potential to revolutionize health diagnostics has caught the attention of prominent figures, including Moderna's founding chief scientist. Helfie AI's founder, George Tomeski, emphasizes the need for more local investment in groundbreaking technologies. The disparity in investment appetite highlights a broader challenge for Australian start-ups aiming for global impact.
• Helfie AI app aims to diagnose illnesses, including cancer.
• Local investors show reluctance to fund high-risk start-ups.
AI diagnostics refers to the use of artificial intelligence to analyze medical data for disease detection.
Health tech encompasses technologies that improve healthcare delivery and patient outcomes, often utilizing AI.
Machine learning is a subset of AI that enables systems to learn from data and improve over time.
Helfie AI focuses on developing an app for diagnosing health conditions using AI technology.
Moderna is a biotechnology company known for its mRNA technology, which is relevant in health diagnostics.
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