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Auto insurers are using artificial intelligence to speed up damage assessments after accidents.
British AI startup Tractable signed a deal with major US insurer Geico to generate damage estimates.
Tractable, founded in 2015, will hit breakeven within 2-3 years, cofounder Adrien Cohen said.
Automotive insurers are using artificial intelligence to speed up car repairs for customers, with Berkshire Hathaway-subsidiary Geico signing a deal with UK AI startup Tractable.
Tractable, founded in 2015 by a British team of computer scientists, has trained its systems on photos of damaged cars, and now promises its AI tech can give initial, accurate damage assessments to help car owners get their vehicles back from the repair shop faster.