A survey of senior decision-makers at U.S. property/insurance companies shows most (59%) believe the industry will be powered by artificial intelligence in the future. Nearmap, a provider of location intelligence services, released a survey, The Next-Gen Risk Readiness Index: P&C …
Asian News International, one of India’s largest news agencies, sued OpenAI in a court in India alleging that the U.S. artificial intelligence company misused its copyrighted news content. ANI also alleged that OpenAI stored the data, which is in breach …
Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the artificial intelligence startup engages in a “massive amount of illegal copying” of their copyrighted work. The lawsuit is the latest …
Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations move from pilots in one or two areas to implementations in multiple functions across business lines. But new research identifies …
A significant percentage of U.K. claim handlers believe that up to a quarter of claims filed involve fake supporting documents doctored by Artificial intelligence, a new survey shows. A survey in the U.K. from automation company Sprout.ai shows 19% of …
Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence. Cybercriminals increasingly use generative AI, including voice calls and video, to scam businesses. And small businesses …
With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly seven-in-10 actuaries and underwriters are worried about being replaced by artificial intelligence, according to a …
The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology. Commerce Secretary Gina Raimondo and Secretary of State Anthony Blinken will host on Nov. …
Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed. The proposal, aiming to reduce …
Imagine a world where insurance claims are processed instantly with accuracy and minimal manual intervention. Yes, that is the promise current artificial intelligence revolution has made in claims processing. But as with any modern technology revolution, there are challenges, and …