The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language understanding, data privacy and security, and risk-aware decision making, among other topics.
The collaboration will span MIT’s five schools and be led by MIT’s Stephen A. Schwarzman College of Computing through the Quest for Intelligence, MIT’s research initiative focusing on the science and engineering of intelligence.
“Through this collaboration we intend to challenge the insurance industry status quo and be at the forefront of AI breakthroughs,” Liberty Mutual Chairman and CEO David Long.
MIT President L. Rafael Reif said that with the Quest, MIT is working to help industries seize the opportunities of AI. “Our collaboration with Liberty Mutual will advance research in an interdisciplinary, problem-focused way that will feel very familiar to our community,” Reif said.
“AI tools and technologies are reshaping industry, and insurance is no exception,” said Antonio Torralba, director of The Quest and a professor of computer science and electrical engineering. He said his team will be working with Liberty Mutual to “develop methods to make AI systems fair, secure, transparent and more risk-aware.”
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