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Slingshot AI launched Ash, an artificial intelligence (AI) platform designed for therapy. The company also announced an extension of its Series A funding co-led by Radical Ventures and Forerunner Ventures, joining previous investors a16z, Felicis, and Menlo. Total capital raised is now $93 million.

Ash provides personalized mental health support via a smartphone app. Ash is built on a special-purpose foundation model for psychology developed over the past 18 months. The company stated that it was tested by 50,000 beta users. This specialized model is trained in three phases:

It is pre-trained using a large and . . .

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Mental Health Services

The mental health market is defined as treatment services for mental and emotional health and psychiatric care for individuals of all ages. Mental health services are provided by a wide array of professionals, including certified counselors, psychiatrists, psychologists, neurologists, and social workers. The mental health market is facing new challenges – continued cost pressures on Medicare, Medicaid, and government programs; a shift to value-based care financing models; increased consolidation of health systems; and a push towards tech-enabled, consumer-led interventions. While these challenges may seem immense, the mental health market has experienced numerous shifts over the years from the move to managed care to increased community-based care. Organizations that can adapt to these changes are most likely to succeed.

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California Awards $1.18 Billion In Bond Funding To Add 2,500+ Beds & 4,200+ Outpatient Slots
California awarded $1.18 billion in grant funding for 66 behavioral health infrastructure projects across 130 facilities to expand residential and crisis treatment capacity statewide. The projects are expected to add 2,554 residential and inpatient beds and 4,273 outpatient treatment slots. The funding is part of the Bond Behavioral Health Continuum Infrastructure Program (Bond BHCIP) Round 2: Unmet Needs, created through Proposition 1, which was approved in 2024. Proposition 1 authorized $6.4 billion in bond funding… Read

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