artificial intelligence (AI) News

There’s Still Work to Do Addressing Ethics in Autonomous Vehicles

There’s a fairly large flaw in the way that programmers are currently addressing ethical concerns related to artificial intelligence (AI) and autonomous vehicles (AVs). Namely, existing approaches don’t account for the fact that people might try to use the AVs …

AI-Powered Supply Chain Software in Demand Amid Coronavirus Disruption

For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains. Until recently, …

Smart Cameras at Amazon Provide Real-Time Social Distancing Feedback to Employees

Amazon Inc. is pairing cameras with artificial intelligence to enforce social distancing among employees in its offices and warehouses. The system gives employees real time feedback on whether they are complying with the six feet social distancing rule. “Given social …

Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round

Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B venture financing round led by Team8 Capital. All existing investors including …

Tokio Marine Uses Tractable’s Artificial Intelligence Solution for Auto Claims in Japan

Tokio Marine, the Tokyo-based property and casualty insurer, will use an artificial intelligence (AI) solution to process auto damage across its insurance operations in Japan, accelerating claims processing for policyholders. The AI solution, created by technology company Tractable, uses computer …

AI Specialist omni:us Partners with Insurtech Rokk3r to Enter Latin American Market

omni:us, the insurance-focused artificial intelligence (AI) solution business, has announced a partnership with Rokk3r, a global innovation technology and consulting company, to enable the AI company to enter the Latin American insurance market. In 2019, Berlin-based omni:us began building a …

Why Artificial Intelligence Is Not the Answer for All Businesses

The temptation for businesses to use artificial intelligence and other technology to improve performance, drive down labor costs, and better the bottom line is understandable. But before they pursue automation that could put the jobs of human employees at risk, …

Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK

Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a first for a UK insurance company. Ageas is using an AI solution, developed by technology company Tractable, to support some …

Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis

Reinsurance broker Guy Carpenter & Co. has entered into a strategic relationship with RiskGenius to expand the detection and qualitative analysis of silent cyber exposure across various lines of business. RiskGenius utilizes artificial intelligence to evaluate a variety of emerging …

Swiss Re Launches Digital Market Center Supported by Microsoft Data Analytics, AI Tools

Swiss Re has formed a strategic alliance with Microsoft Corp., which is providing digital tools to support Swiss Re’s new Digital Market Center. The Digital Market Center is designed to help develop next-generation, large-scale tools to transform the way the …