Spectral AI Inc.

USA News Group News Commentary

Issued on behalf of Avant Technologies Inc.

VANCOUVER, BC, Aug. 26, 2025 /PRNewswire/ -- USA News Group News Commentary – The healthcare AI buying spree has reached fever pitch as Microsoft, Google, and IQVIA dominate a market surging to $16.01 billion by 2030 with natural language processing tools growing at 25.3% annually. AI-enabled startups captured a stunning 62% of all digital health venture funding in the first half of 2025, pocketing $3.95 billion as institutional investors rush to capitalize on the shift from speculation to strategic healthcare transformation. This unprecedented momentum positions companies like Avant Technologies, Inc. (OTCQB: AVAI), Butterfly Network, Inc. (NYSE: BFLY), CareCloud, Inc. (NASDAQ: CCLD, CCLDO), Spectral AI, Inc. (NASDAQ: MDAI), and RadNet, Inc. (NASDAQ: RDNT).

MarketsandMarkets projects the global AI healthcare market will explode from $21.66 billion this year to $110.61 billion by 2030 at a blistering 38.6% compound annual growth rate, driven by healthcare organizations desperately seeking solutions to worker shortages affecting 11 million positions by decade's end. Supply-demand dynamics are creating perfect storm conditions as 4.5 billion people globally lack access to essential healthcare services while an 11 million healthcare worker shortage looms by 2030, forcing healthcare systems to embrace AI-powered solutions for survival.

Avant Technologies, Inc. (OTCQB: AVAI) and joint venture partner Ainnova Tech have substantially accelerated their FDA approval pathway for Vision AI by implementing an enhanced patient recruitment strategy targeting approximately 1,000 multiethnic patients across 8-10 U.S. clinical sites for their AI-powered diagnostic tool that can detect diabetic retinopathy in minutes without requiring an eye specialist on-site. This recruitment initiative leverages Fortrea, a globally recognized contract research organization with specialized ophthalmology expertise, to capture patient data primarily from community clinics and primary care facilities. Such an approach generates real-world evidence that regulatory agencies increasingly value while simultaneously validating commercial viability in diverse healthcare settings.

The regulatory foundation appears increasingly solid following Ainnova's mid-July pre-submission meeting with the FDA, where agency officials provided specific guidance on study design and compliance requirements. The refined clinical trial protocol addressing all FDA feedback has been submitted to Fortrea for final review, establishing a clear regulatory pathway toward FDA 510(k) clearance for domestic market entry.

"By focusing on community clinics and targeting a multiethnic group of around 1,000 diabetic patients, we aim to ensure that our study accurately represents the diverse population affected by diabetic retinopathy," explained Vinicio Vargas, CEO at Ainnova and Board member of Ai-nova Acquisition Corp. (AAC). "Working with Fortrea, an expert CRO in ophthalmology, allows us to confidently navigate this process with a partner that shares our commitment to quality and efficiency. We are getting closer to initiating a clinical study that will significantly contribute to obtaining FDA 510(k) approval and making our Vision AI platform a crucial tool in early disease detection."

Commercial traction is already demonstrable across international markets. Vargas recently presented breakthrough results from a Q4 2024 pilot collaboration with Roche and Salud 360 at Roche's "Macular Spectacular" conference in Colombia, showcasing expansion potential across the U.S., Canada, and Europe.

The technology has already gone live through Grupo Dökka's Fischel and La Bomba pharmacy chains, delivering walk-in screenings with real-time AI results while eliminating onsite ophthalmologist requirements.

This proven pharmacy deployment model is attracting significant interest from insurers and life sciences partners who recognize Vision AI's potential to transform preventive care delivery economics. The platform addresses critical healthcare access gaps while creating sustainable revenue streams for retail healthcare providers.

The market opportunity appears substantial. Diabetic retinopathy affects 9.6 million Americans within a US$3.25 billion U.S. market that analysts project will nearly double to US$6.1 billion by 2033. Avant maintains worldwide licensing rights to Ainnova's platform through AAC, positioning successful U.S. market entry as a potentially transformative commercial catalyst.

Vision AI's success could establish Ainnova as a leader in AI-powered disease detection. The company's expanding development roadmap includes cloud-connected retinal cameras for rural healthcare settings and innovative modules targeting Alzheimer's, cardiovascular conditions, and other chronic diseases through advanced retinal and blood biomarker analysis.

Avant continues evaluating a strategic acquisition of Ainnova Tech under a previously announced non-binding LOI, which could consolidate breakthrough AI healthcare technologies and proven leadership within a single public entity. Management has also indicated plans for a dedicated therapeutic-focused spinout, creating multiple potential value creation pathways within the expanding AI-driven healthcare transformation.

CONTINUED… Read this and more news for Avant Technologies Inc. https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 

Butterfly Network, Inc. (NYSE: BFLY) has joined the CAD LUS4TB research study to evaluate AI-assisted point-of-care ultrasound for tuberculosis detection in Sub-Saharan Africa, where 2.5 million people fell ill with TB in 2022. The company's handheld ultrasound technology will be deployed across 3,000 adult patients starting in September through a €10 million EU-funded initiative with 10 research institutions. Butterfly Network leads the consortium's effort to democratize diagnostic imaging access in underserved regions through its Ultrasound-on-Chip™ technology.

"Butterfly is proud to continue improving global health equity through our role in this project," said Dr. Sachita Shah, VP of Global Health of Butterfly Network. "Patients in lower-resource settings need easier access to diagnostic imaging to detect and treat deadly diseases such as TB before it claims more lives."

The company continues expanding its Global Health Program across 115 countries while developing AI algorithms for early disease detection. Butterfly Network's portable hardware platform positions the company to deploy innovative diagnostic solutions addressing critical global health challenges in underserved markets.

CareCloud, Inc. (NASDAQ: CCLD, CCLDO) completed its transformational acquisition of Medsphere Systems Corporation, extending the company's reach into inpatient EHR and revenue cycle management for small and mid-sized hospitals nationwide. The transaction brings Medsphere's 600+ clients across 50 states and 23-year legacy of enterprise solutions to CareCloud's platform, including CareVue integrated inpatient EHR and RCM Cloud revenue cycle management. CareCloud now serves over 40,000 providers with comprehensive solutions spanning the full care continuum from ambulatory to inpatient settings.

"This is one of the most transformational transactions in our history," said Stephen Snyder, Co-CEO of CareCloud. "By combining our advanced AI capabilities with Medsphere's proven technology, we will deliver an affordable, scalable solution for resource-constrained small and middle-market hospitals across the country. These facilities are often underserved by cost-prohibitive large enterprise vendors, and we see a tremendous opportunity to help them modernize operations, improve patient care, and strengthen their financial position."

The acquisition positions CareCloud to deliver affordable, scalable solutions for resource-constrained hospitals often underserved by cost-prohibitive enterprise vendors.

Spectral AI, Inc. (NASDAQ: MDAI) reported Q2 2025 financial results with research and development revenue of $5.1 million and total first-half revenue of $11.8 million, while maintaining a strong cash position of $10.5 million. The Dallas-based predictive AI company completed submission of its De Novo application to the FDA in June 2025, representing a crucial regulatory milestone for bringing the DeepView® System to market. Spectral AI focuses on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications for patients with burns.

"We are pleased with the results of our second quarter of 2025 especially with our ability to complete our submission of our De Novo application earlier than projected to the US Food and Drug Administration," said J. Michael DiMaio, MD, Chairman of the Board at Spectral AI. "This FDA submission is a major milestone for Spectral AI and the DeepView System, representing a crucial step toward bringing this innovative diagnostic device to market in the U.S. It provides clinicians with an immediate, data-driven assessment tool designed to assist clinical decision-making and may significantly improve patient outcomes."

The company reiterated 2025 revenue guidance of approximately $21.5 million while advancing its DeepView® System toward potential FDA approval. Spectral AI's algorithm-driven diagnostic platform aims to revolutionize wound care management by providing clinicians with objective assessments of burn wound healing potential prior to treatment.

RadNet, Inc. (NASDAQ: RDNT) subsidiary DeepHealth received FDA 510(k) clearance for TechLive™, a remote scanning solution enabling centralized operation of MR, CT, PET/CT, and Ultrasound procedures across multiple locations. The vendor-agnostic platform addresses critical radiology technologist shortages while more than 300 systems are now connected, delivering a 42% decrease in MRI room closure hours during Q2 2025. RadNet operates 401 outpatient imaging centers nationally, serving as a leading provider of diagnostic imaging services.

"TechLive™ represents a paradigm shift in how we approach imaging operations," said Sham Sokka, PhD, Chief Operating and Technology Officer at DeepHealth. "By enabling real-time remote expertise, we are not only addressing today's staffing challenges, we are creating a foundation for more efficient, financially sustainable, and high-quality patient care across the broadest set of imaging modalities. This FDA clearance validates DeepHealth's vision of a connected imaging ecosystem that scales human expertise beyond physical boundaries."

The FDA clearance validates DeepHealth's vision of creating a connected imaging ecosystem that scales human expertise beyond physical boundaries. RadNet's comprehensive AI-powered health informatics platform positions the company to address ongoing workforce challenges while improving operational efficiency and patient access to advanced imaging procedures.

Source: https://usanewsgroup.com/2023/10/26/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 

CONTACT:

USA NEWS GROUP

info@usanewsgroup.com

(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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Equity Insider News Commentary

Issued on behalf of Avant Technologies Inc.

VANCOUVER, BC, July 29, 2025 /PRNewswire/ -- Equity Insider News Commentary – There's a lot of big voices pushing for the AI revolution to make its mark, including a new plan from the U.S. Department of Commerce to address slow-to-adopt sectors like healthcare. The comes as part of US President Trump's paper, titled Winning the Race: AMERICA'S AI ACTION PLAN, which encourages setting up regulatory sandboxes, or regulation-free environments where AI can be tested in real world scenarios with heavy oversight. As the market evaluates the opportunities available, several tech and biotech companies are already moving towards major milestones in AI-powered healthcare solutions, including Avant Technologies, Inc. (OTCQB: AVAI), Renovaro Inc. (NASDAQ: RENB), Healthcare Triangle, Inc. (NASDAQ: HCTI), GE HealthCare Technologies Inc. (NASDAQ: GEHC), and Spectral AI, Inc. (NASDAQ: MDAI).

According to Accenture, AI could inject an additional $461 billion into the healthcare sector by 2035, as it surpasses the $2.26 trillion mark. Now, as AI makes its move into the healthcare space, experts are working to help guide these new solutions towards being more accurate, in a space where AI's inaccuracies (known as "hallucinations") are not an option. Thankfully, there are several players making important advancements in diagnostics, drug development, and workflow, through the use of AI.

Avant Technologies, Inc. (OTCQB: AVAI) and joint-venture partner Ainnova Tech have taken a key regulatory step forward by finalizing an updated clinical trial protocol for their AI-powered Vision AI platform, following formal feedback from a mid-July pre-submission meeting with the FDA. The revised protocol, which addresses the FDA's comments, has now been presented to Fortrea, the company's contract research organization, for review. Once approved, the protocol will enable the launch of a new U.S.-based clinical trial designed to support Ainnova's goal of obtaining FDA 510(k) clearance for Vision AI in the early detection of diabetic retinopathy.

"We are committed to meeting the highest regulatory standards, and we're confident that these protocol refinements will strengthen our path toward FDA 510(k) clearance," said Vinicio Vargas, CEO at Ainnova and a member of the Board of Directors of Ai-nova Acquisition Corp. (AAC), the company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova's technology portfolio. "We anticipate finalizing the clinical trial budget soon, with estimated costs coming more into focus as we refine our protocol and navigate the process."

The U.S. regulatory push builds on expanding visibility for Vision AI across Latin America. In June, Vargas was featured at Roche's "Macular Spectacular" Ophthalmology Conference in Cartagena, Colombia, where he presented Vision AI as a cost-effective screening tool that can prevent diabetic blindness and improve health access in low-resource settings. He also highlighted a Q4 2024 pilot with Roche and Salud 360 that could scale across the U.S., Canada, and Europe if successful.

Meanwhile, Vision AI has gone live through Grupo Dökka's Fischel and La Bomba pharmacy chains, offering walk-in screenings, real-time AI results, and direct referrals to care providers. The model eliminates the need for onsite ophthalmologists and is gaining traction with pharmacy chains, insurers, and life sciences partners.

Avant and Ainnova's FDA engagement follows an earlier pre-submission meeting in July, where the agency provided clear guidance on study design and compliance. The refined clinical trial protocol, once greenlit, will guide a formal U.S. study aimed at supporting FDA clearance to market Vision AI domestically.

Avant maintains global licensing rights to Ainnova's platform through Ai-nova Acquisition Corp., the JV established to commercialize Ainnova's technology portfolio. U.S. entry is viewed as a major inflection point with significant commercial potential.

Looking ahead, Vision AI could serve as a frontline tool for broader disease detection. Ainnova's future roadmap includes a cloud-connected retinal camera for rural clinics and new modules aimed at identifying Alzheimer's, cardiovascular conditions, and other chronic diseases through retinal or blood biomarkers.

Avant has also signaled plans for a dedicated therapeutic-focused spinout and continues to evaluate a full acquisition of Ainnova Tech under a previously announced non-binding LOI—potentially consolidating all assets and leadership under a single public platform.

CONTINUED... Read this and more news for Avant Technologies at:

https://equity-insider.com/2025/03/21/unlocking-the-trillion-dollar-ai-market-what-investors-need-to-know/ 

Renovaro Inc. (NASDAQ: RENB) secured multiple U.S. patents for its federated AI learning technologies in biomedical research.

"Expanding our IP footprint in federated learning and AI-based data harmonization directly supports our long-term vision: to be the platform of choice for next-generation biomedical research and precision medicine," said David Weinstein, CEO, Renovaro.

These patents support secure, privacy-preserving data integration across hospitals and labs for applications in drug discovery and precision medicine. The move strengthens Renovaro's position in the $20 billion biomedical AI space.

Healthcare Triangle, Inc. (NASDAQ: HCTI) recently signed major contracts with large U.S. hospital systems and expanded its AI-powered EHR services. Its Readeable.AI platform converts unstructured medical documents into usable data for clinicians.

"These strategic wins reflect our ability to deliver enterprise-scale transformation with speed and precision," said Sujatha Ramesh, Chief Operating Officer of Healthcare Triangle." We're driving digital maturity, operational efficiency, and cost-effective care delivery - firmly positioning HCTI as a mission-critical partner, not just a service provider."

The company is focused on making EHR systems smarter, more efficient, and better suited to community health networks.

GE HealthCare Technologies Inc. (NASDAQ: GEHC) launched its Definium Pace Select ET, an AI-powered digital X-ray system for high-volume medical settings.

"This launch reinforces our commitment to provide accessible, efficient, and high-quality care for patients, while alleviating stress from the technologist's workday by minimizing repetitive tasks and automating steps," said Jyoti Gupta, PhD, President and CEO of Women's Health and X-ray at GE HealthCare. "We remain dedicated to advancing our technology through transformative digital and AI-enabled capabilities that will remove barriers to timely and effective diagnostic imaging for any patient in need of X-ray imaging."

The system automates repetitive tasks and improves image consistency to help radiologists work more efficiently. It's designed to relieve staffing pressures while maintaining high imaging standards in busy hospitals.

Spectral AI, Inc. (NASDAQ: MDAI) submitted its DeepView System to the FDA for marketing approval under the De Novo pathway.

"This FDA submission is a major milestone for Spectral AI and the DeepView System, representing a crucial step toward bringing this innovative diagnostic device to market in the United States," said Dr. J. Michael DiMaio, MD, Chairman of the Board at Spectral AI. "It provides clinicians with an immediate, data-driven assessment tool designed to assist clinical decision-making and may significantly improve patient outcomes."

The device uses multispectral imaging and AI to predict how burn wounds will heal, helping doctors make faster and more accurate treatment decisions. It's positioned as a first-of-its-kind diagnostic tool in burn care.

Source: https://equity-insider.com/2025/03/21/unlocking-the-trillion-dollar-ai-market-what-investors- need-to-know/

CONTACT:

Equity Insider

info@equity-insider.com

(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Avant Technologies Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Avant Technologies Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Avant Technologies Inc. which were purchased in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of Avant Technologies Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

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