Generative AI Attracts Increased Venture Capital Funding in 2024
Venture capital funding for generative AI startups is on track to exceed 2023’s record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
The AI–driven Systems research area focuses on the digital transformation of society (DX) driven by the interplay of networked systems and AI. You can opt for any of AI types – analytic, interactive, text, visual, and functional – or wisely combine several ones.
AI-driven services are what turns data from cost center into critical enterprise asset. Getting there is about going from the ability to operationalize one, two, or tens of machine learning models to hundreds or thousands of models that all work together to build the core business. AI–driven services encompass the organization’s operationalized models plus systems — largely driven by MLOps — ensuring models are well maintained.
Venture capital funding for generative AI startups is on track to exceed 2023’s record-breaking levels. In the first three quarters of 2024, GenAI startups raised over $20 bn
The EU AI Act, published by the European Commission in July 2024, introduces the first regulations on AI development and usage across sectors to protect citizens’ rights
Increasing use of artificial intelligence triggers claims across many lines of business. Insurers will need to understand of intended effects
As the insurance market recognizes the potential of artificial intelligence, there remains uncertainty about how to effectively apply the technology to enhance customer engagement
Major leaps in the effectiveness of Generative AI and Large Language Models have dominated the discussion around artificial intelligence
Insurers must embrace Artificial Intelligence technology to successfully navigate emerging transformative trends that are shaping the insurance landscape
Cloud computing services fall into 4 categories: infrastructure as a service (IaaS), platform as a service (PaaS), serverless, software as a service (SaaS)
Insurance professionals are getting more comfortable with recommendations coming from AI and utilizing them in underwriting, pricing, marketing, claims