AI Newswire (Page 106)

AI technology offers insurance businesses large-scale financial potential from productivity gains, optimizing sales channels and digital advice, and delivering enhanced, personalized customer experience BOSTON, April 1, 2024 /PRNewswire/ -- Insurance businesses worldwide have a $50 billion dollar financial opportunity from generative AI to harness the technology in ways that could boost their revenues by as much as 20% and cut their costs by up to 15%, research from Bain & Company released today finds. Bain's report, It's for Real: Generative AI Takes Hold in Insurance Distribution, concludes that leveraging generative AI in insurance distribution has the potential to yield more than $50 billion in annual economic benefits for companies in the sector. "For insurers, benefits due to generative AI will come through three routes," said Bhavi Mehta, global lead of AI in Financial Services at Bain. "This includes raising productivity, lifting sales through more effective agents and digital advice, and better risk identification and targeting that will help both customers, agents and the enterprise.

WASHINGTON, April 1, 2024 /PRNewswire/ -- The Foundation for American Science and Technology (FAST) today announced it will host the first nonprofit leadership summit in the U.S. entirely dedicated to exploring the influence of Artificial Intelligence (AI) on the Energy sector. The 'AI: Powering the New Energy Era' summit will take place in Washington, D.C., on April 17.

- Lunit's AACR 2024 presentations to spotlight HER2 mutation insights and CNTN4's role in immunotherapy success, pioneering next-gen personalized treatment approaches, supported by the AI-powered Lunit SCOPE suite SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced the presentation of seven studies at the American Association for Cancer Research (AACR) 2024 Annual Meeting in San Diego, California, from April 5 to 10.

BEIJING, April 1, 2024 /PRNewswire/ -- Scienjoy Holding Corporation (NASDAQ: SJ) ("Scienjoy" or the "Company"), an interactive entertainment leader in the Chinese market, announces that its visionary subsidiary, Scienjoy Meta Technology L.L.C (the "SJ AI"), has unveiled its latest advancements in artificial intelligence, AI Mate and AI Vision, at the launch event held on March 30, 2024, in Dubai.

DUBLIN, March 29, 2024 /PRNewswire/ -- The "Global AI Data Center Switch Market: Analysis By Type, By Enterprise Size, By Region, Size, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering. The global AI data center switch market was valued at US$2.78 billion in 2023, and is expected to be worth US$19.38 billion in 2029, registering CAGR of 38.23% over the years 2024-2029.

A delegation from Estonia, including Minister Tit Lysalo and Ambassador to Korea Sten Schwede, visited DeepBrain AI headquarters. Introduce AI human solutions and discuss cooperation plans to implement a virtual assistant at the Estonian Information System Agency PALO ALTO, Calif., March 29, 2024 /PRNewswire/ -- DeepBrain AI (CEO Se-young Jang), a domestic company specializing in generative artificial intelligence (AI), announced on the 22nd that we met with a visiting delegation from the Estonian Ministry of Economy, Information and Communication to discuss ways to apply AI human in local public services.

Shield AI and Kratos use Firejet as a test surrogate ahead of AI-piloted flights on Kratos Valkyrie SAN DIEGO, March 29, 2024 /PRNewswire/ -- Shield AI, Inc., a defense technology company building the world's best AI pilot, and Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets and an industry-leading provider of high-performance, jet-powered unmanned aerial systems (UAS), today announced the successful completion of the first phase of Shield's AI-piloted flight-testing on-board Kratos platforms as the two companies move toward productizing Shield AI's pilot for the XQ-58 Valkyrie. Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI's Hivemind AI pilot has now successfully flown on and controlled the Kratos MQM-178 Firejet.

COLLEGE PARK, Md., March 29, 2024 /PRNewswire/ -- As the House's new Task Force on Artificial Intelligence (AI) considers how government should address AI issues, such as deepfakes in the election and bias in algorithms, a new survey conducted by the Program for Public Consultation at the University of Maryland's School of Public Policy finds very large bipartisan majorities favor giving the federal government broad powers to regulate AI. They endorse seven proposals currently under consideration in Congress and the Executive Branch for regulating AI-generated deepfakes and AI making decisions with the potential for harm.

LAS VEGAS, March 28, 2024 /PRNewswire/ -- Qvest, a renowned leader in digital transformation across broadcast, media, and entertainment, will attend the NAB Show 2024. Hosted at booth W2821 in the Las Vegas Convention Center, the global company's participation is marked by a profound focus on the transformative role of Artificial Intelligence (AI) and the integration of cutting-edge media workflow solutions.

JACKSONVILLE, Fla., March 28, 2024 /PRNewswire/ -- Today, Ezassi, a leader in AI-driven technology scouting and innovation management, announced the launch of its suite of five essential technology discovery reports, designed to empower businesses to stay ahead in the rapidly evolving technological landscape. By leveraging AI to enhance the capabilities of its PhD-level scouting professionals, Ezassi offers unparalleled insights to identify growth opportunities, future-proof strategies, and foster innovation at unprecedented speeds. "Our AI-enhanced scouting reports are not just documents; they are roadmaps to innovation." AI-Powered Precision at the Forefront of Technology Scouting Ezassi's state-of-the-art, AI-powered search automation provides client-customized research programs, delivering technology scouting, market overview reports, and much more. "Our AI-enhanced scouting reports are not just documents; they are roadmaps to innovation, crafted by experts with years of industry experience," said David R.