Elon Musk Withdraws Lawsuit Against OpenAI June 12, 2024 By Mike Scarcella Billionaire entrepreneur Elon Musk on Tuesday moved to dismiss his lawsuit accusing ChatGPT maker OpenAI and its CEO Sam Altman...
Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability June 12, 2024 By Erez Barak Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say June 7, 2024 By Elizabeth Howcroft The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry,...
US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia June 6, 2024 By Jody Godoy The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey June 5, 2024 Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics...
Nationwide’s Kandhari Talks Building a Bionic Workforce With AI May 31, 2024 By Elizabeth Blosfield Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic...
Survey: Mid-Market Leaders Peg Cyber, Economy and Regulation as Top Concerns May 30, 2024 By Jahna Jacobson Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled...
How AI Can Reshape Claims Management May 30, 2024 By Allen Laman How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry May 29, 2024 By Susanne Sclafane The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh...
US Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent May 28, 2024 By Frank Bajak Long before generative AI’s boom, a Silicon Valley firm contracted to collect and analyze non-classified data on illicit Chinese fentanyl...