artificial intelligence (AI) News

Chinese Tech Firms Seek to Shake Up State-Run Health Sector with AI and Big Data

In the eastern Chinese city of Hangzhou, an ambulance speeds through traffic on a wave of green lights, helped along by an artificial intelligence (AI) system and big data. The system, which involves sending information to a centralized computer linked …

With Ambitions to Expand (and Disrupt Allianz), German Insurer DFV Weighs IPO

With ambitions to challenge insurance giants like Allianz SE, newcomer Deutsche Familienversicherung AG [DFV] needs 100 million euros ($116 million) in fresh funds to finance its expansion plan. An initial public offering is one path Stefan Knoll, founder and chief …

Accenture Offers Way to Erase Gender, Racial, Ethnic Bias in Artificial Intelligence

Consulting firm Accenture has a new tool to help businesses detect and eliminate gender, racial and ethnic bias in artificial intelligence software. Companies and governments are increasingly turning to machine-learning algorithms to help make critical decisions, including who to hire, …

Why Insurance Industry Should Embrace, Not Fear, Artificial Intelligence

Artificial intelligence isn’t the cold, job killing disruptor many fear it to be – at least it won’t be for many years to come, says Jeff Somers, president of Insureon. Insureon, a bit of a disruptor itself, is a national …

How Insurer Execs, Workers View Artificial Intelligence and Future Work

Insurers can seize major growth opportunities by redesigning work, bringing in new talent, and pivoting their existing workforces to work with artificial intelligence (AI), according to a new repot by Accenture. The report, Future Workforce Survey – Insurance: Realizing the …

White House Hosts Meeting on Future of Artificial Intelligence

The White House plans to convene a meeting on Thursday on the future of artificial intelligence in U.S. industry with major companies including Facebook Inc., Amazon.com Inc., Google parent Alphabet Inc. and Oracle Corp. as well as senior government officials. …

QBE Invests in HyperScience Artificial Intelligence for Office Work

QBE Insurance Group Limited (QBE) through its QBE Ventures, has closed an investment into HyperScience, a machine learning company focused on building artificial intelligence products for automating office work. In addition to its investment, QBE has entered into a multi-year …

UN Official: Tech Industry Must Address Cybersecurity, Job Effects from Its Innovations

Technology companies have an obligation to address the unintended consequences of advances like artificial intelligence and innovations that enable damaging cyber-attacks, said Atti Riazi, chief information technology officer at the United Nations. “It’s not the responsibility of the UN and …

Experts Warn on Malicious Use of Artificial Intelligence

The world must prepare for potential malicious use of artificial intelligence (AI) by rogue states, criminals and terrorists, according to a report by a group of 26 security experts. Forecasting rapid growth in cybercrime and the misuse of drones during …

Cyber Analytics Firm Envelop Risk Launches Cyber MGA

Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA). Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to deliver custom cyber insurance products for their customers. …