The increasing complexity and interconnectedness of the world have highlighted the importance of insurance, particularly in developing countries where many lack adequate coverage. Artificial Intelligence offers a solution by improving risk assessment, enhancing underwriting efficiency, streamlining claims processing, enabling personalised pricing, and enhancing customer engagement. By leveraging AI in the insurance industry, we can increase insurance penetration, making insurance more accessible and affordable for everyone, ultimately promoting economic stability and improving overall quality of life.
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Former Huawei ‘Genius Youth’ recruit says new venture can now mass produce humanoid robots
Shanghai-based start-up Agibot, founded by former Huawei recruit Peng Zhihui, has begun mass production of its AI-powered humanoid robots, producing 962 units by December 15. Peng, known for viral inventions like an Iron Man-inspired robotic arm, left Huawei in 2022 to start Agibot, which is backed by investors like Hillhouse Investment and BYD. The move by Agibot intensifies competition in China's robotics industry, with local governments supporting the sector's growth. Full Article
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