Shares in “insurtech” startups, which look to upend traditional insurance through the use of automation, data and AI, have enjoyed a small bounce lately thanks to the mania unleashed by OpenAI’s ChatGPT. But they remain far below their levels a few years ago, when many went public.
Tag: AI
Bipartisan U.S. Bill Would End Section 230 Immunity for Generative AI
Two U.S. senators introduced legislation on Wednesday that would allow social media companies to be sued for spreading harmful material created with artificial intelligence.
Tech Execs Warn AI Poses ‘Risk of Extinction’ on Par with Pandemics and Nuclear War
Tech executives and artificial-intelligence scientists are sounding the alarm about AI, saying in a joint statement Tuesday that the technology poses an extinction risk as great as pandemics and nuclear war.
FTC Warns Misuse of AI, Machine Learning Info Could Violate FTC Act
The Federal Trade Commission (FTC) warned that increasing use of consumers’ biometric information and related technologies, like those powered by artificial intelligence/machine learning, significantly elevates consumer privacy and data security concerns and the potential for bias and discrimination, and could be illegal.
Google Says Search Enters New Era With Conversational AI Features
Google unveiled conversational features for its search engine and made its chatbot Bard widely available for English speakers.
Colorado Wants to Prevent AI-Driven Discrimination in Insurance
Colorado officials want to ensure that residents’ social media habits, credit scores and other less traditional customer data cannot be used against them when shopping for insurance.
White House Summons Tech Giants Over AI Dangers
The White House on Thursday summoned the CEOs of US tech giants to strategize about the dangers of artificial intelligence.
YouTube Case at Supreme Court Could Shape ChatGPT and AI Protections
When the U.S. Supreme Court decides in the coming months whether to weaken a powerful shield protecting internet companies, the ruling also could have implications for rapidly developing technologies.
SLK, V-Labs Automate CNA Insurance Processes
Technology services firm SLK Software and AI company V-Labs have partnered with CNA Insurance to automate new business submissions, claims and other processes for the insurer.
How AI Is Impacting the Insurance Industry
Artificial Intelligence (AI) is changing how nearly all companies do business and significantly influencing the property and casualty insurance industry. From improving customer service to reducing operational costs, AI is helping insurers make their businesses more innovative and efficient. And while AI offers many benefits, there are challenges associated with implementing it into day-to-day processes… Continue reading How AI Is Impacting the Insurance Industry