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
AI
AI – Artificial intelligence is intelligence demonstrated by machines, as opposed to the natural intelligence displayed by animals including humans. AI research has been defined as the field of study of intelligent agents, which refers to any system that perceives its environment and takes actions that maximize its chance of achieving its goals.
The term AI had previously been used to describe machines that mimic and display “human” cognitive skills that are associated with the human mind, such as “learning” and “problem-solving”. This definition has since been rejected by major AI researchers who now describe AI in terms of rationality and acting rationally, which does not limit how intelligence can be articulated.
In this section, we have collected the most current articles and reviews on the topic of the AI Artificial intelligence.
Key Benefits of Innovative AI & Machine Learning Technologies
Artificial Intelligence and machine learning are changing how we live, work and play – for good. Across this wide spectrum of AI, there is a vast and real potential for people
How AI, Real-Time Data & Digital Twins Can Drive Risk in Insurance?
Technology and data-enabled solutions are creating the tailwinds for change in the commercial property insurance market
How Artificial Intelligence Can Help Insurers Reduce the Inflation Impact?
Costs for everything from food to healthcare to insurance premiums have increased in the past few years – especially after the 2020 lockdown
Insurance Claims Management. How Big Data & AI Technology Helps InsurTech?
The digitisation of claims management is a fundamental aspect of a modern and robust insurance operating model – but many insurers are still limited to using legacy systems
16 Technology Trends Transforming Insurance
The wellbeing trends primarily address insurers that offer health and life insurance products. It is key for them to understand that, with new technologies in digital
Artificial Intelligence, Digitization & Agent Experience Reshaping the Insurance
AI, Digitization & Agent Experience is changing the role of insurance, from pure risk protection towards predicting and preventing risks
How will 5G affect finance industry? The global economic impact & evolution
5G will be a key part of companies’ new operating environment and technology toolkit, but to realise the technology’s potential productivity and efficiency gains
Global Transforming Healthcare with AI & Robotics. Implementation Examples
Artificial Intelligence is getting increasingly sophisticated at doing what humans do, but more efficiently, more quickly and at a lower cost
Generative artificial intelligence (Gen AI) is no longer a futuristic concept. AI’s potential to amplify systemic risks, such as through polymorphic malware or AI-targeted data breaches
Insurance Europe has urged the European Commission (EC) to withdraw its proposed Artificial Intelligence Liability Directive (AILD), arguing that it could lead to legal innovation
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