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Finance

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Vaiot uses IBM’s Watson to launch IVAs for the insurance industry

By Chuck Martin

Able to navigate the process from the initial inquiry though to the contract

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Juniper: Loans issued by AI underwriting to reach $315bn by 2025

By Chuck Martin

By this point, roboadvisors are expected to manage more than $3 trillion

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Clarity AI raises $15m to measure social impact of business

By Chuck Martin

“It has never been more important,” says founder and CEO

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Google launches Lending DocAI to speed up mortgage applications

By Rachel England

The platform uses machine learning to automate routine document reviews

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British startup using AI to fight fraud raises $36.8m

By Louis Stone

After doubling its business during the pandemic

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Omdia: AI software in financial services projected to hit $9.1bn in 2025

By Chuck Martin

Leading use cases relate to process optimization, customer experience, and operational efficiency

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Researchers use machine learning to predict market patterns

By Rachel England

What does this mean for capitalism?

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Comply Advantage raises $50m to develop AI for fraud detection

By Chuck Martin

Eliminating sources of funding for crime and terrorism

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Candis raises $14m for AI in accounting software

By Louis Stone

Hopes to handle most European accounting processes

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Insurance broker Acrisure acquires Tulco’s AI business to ‘transform’ industry

By Rachel England

The $400 million deal is Acrisure’s largest acquisition ever

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Royal Bank of Canada deploys a private cloud for AI with Nvidia, Red Hat

By Chuck Martin

More computing resources for Borealis AI, the bank’s innovation center

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Safehub gets $5m to predict damage from earthquakes

By Louis Stone

Shaking up the market

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Danish students develop tool to measure the carbon footprint of AI

11/18/2020

One training session with GPT-3 uses the same amount of energy as 126 homes in Denmark do in a year

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Open source ML framework Streamlit raises $21m, launches sharing platform

10/15/2020

“It’s like we gave the machine learning community a new superpower,” CEO Adrien Treuille tells AI Business

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