Russia Tech Giant Yandex Uses AI to Reward Safe Drivers With Insurance Discounts November 2, 2021 Russian tech giant Yandex plans to reward responsible drivers on its car-sharing platform with cheaper insurance this year, it told...
Pentagon Ex-Software Chief Claims China Has Already Won AI Battle October 12, 2021 By Guy Faulconbridge China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its...
Brit Launches Machine Learning Algorithm to Accelerate Catastrophe Claims Response September 21, 2021 Brit Ltd., the London-based specialty insurer and reinsurer, announced the creation and successful proof-of-concept launch of a proprietary machine-learning algorithm,...
INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI September 8, 2021 By Paresh Dave and Jeffrey Dastin In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to...
W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round July 22, 2021 By Kiel Porter and Ed Ludlow UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used...
P/C Insurers Plan to Boost Their Use of Automation: Willis Towers Watson July 15, 2021 Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What’s...
First U.S. Artificial Intelligence Czar Seeks ‘Responsible Use’ of AI Tools June 8, 2021 By Matt O'Brien, AP Technology Writer Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning...
Beneath the Surface: Why Insurers Should Look Beyond “the Tip of the A.I. Iceberg” May 24, 2021 By Elizabeth Blosfield Nearly 75% of respondents in a recent survey from the Coalition Against Insurance Fraud and Shift Technology said they believe...
EU Privacy Supervisor Urges Ban on Facial Recognition Software April 26, 2021 By Foo Yun Chee Facial recognition should be banned in Europe because of its “deep and non-democratic intrusion” into people’s private lives, EU privacy...
EU Announces Tough Draft Rules on Use of Artificial Intelligence April 22, 2021 By Foo Yun Chee BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban...