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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.
Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
Despite some bouts of wild volatility over the past 14 months, investors have been handsomely rewarded for their patience. Since bottoming out on March 23, 2020, the benchmark
S&P 500 has risen by as much as 88%.
Yet the widely followed S&P 500 taking out one new all-time high after another hasn t stopped highly successful money managers from putting their money to work. With 13F filings hitting the newswires last week, we were able to see what the brightest minds on Wall Street were up to during the first quarter. What we saw were five billionaires who couldn t stop buying the following five stocks.
Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
On Wall Street, Warren Buffett, the CEO of
Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), is an investing icon. Since taking the helm more than five decades ago, he s led his company s share price to aggregate gains of more than 2,800,000%! On an annualized basis, we re talking about 56 years of averaging a 20% annual return.
Warren Buffett Buys British Insurer Aon, Boosts Kroger Stake forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.