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HDI Global adopts generative AI with proprietary GPT system
"With HDI-GPT we are for the first time looking to generative AI...
Toyota warns 50,000 vehicle owners to stop driving, get immediate repairs
More than 30 deaths worldwide, including 26 U.S. deaths, and...
Prudential Thailand and The 1 to launch country’s first lifestyle-health collaboration
Through this collaboration, The 1’s members will gain access to highly customised digital lifestyle and health solutions based on their lifestyle preferences, health stages and savings intentions. The partners in the collaboration will use Artificial Intelligence (AI) to curate and offer services that are highly relevant to members, helping them to achieve a higher quality of life and wellbeing
Sprout.ai aids Covid-19 insurance claim settlements with AI solution
Tony Emms, former CCO at Zurich UK and Sprout.ai advisory board member, says: “This solution is potentially transformational for the health insurance industry. Claim handling based on illness and medication coding frameworks create a huge amount of complexity. Medical claims are often the most difficult to handle because of these issues and their high volume, low value nature. By circumventing the coding system, with an entirely justified reasoning behind the triage, Sprout.ai has simplified the process for claims handlers. This solution will succeed because it impacts both leakage detection and efficiency gains simultaneously.”
McDonald’s Seeks to Recoup Severance Paid Ousted CEO Over Sexual Affairs
Easterbrook’s severance package was worth $41.8 million when he left the Chicago-based company, executive pay firm Equilar has estimated.
But McDonald’s said Easterbrook no longer deserved that payout because of his “silence and lies,” and that had its board known the full picture it would have fired him “for cause.”
U.S. Drug Regulator vows outside review of any COVID-19 vaccines
U.S. Food and Drug Administration Commissioner Stephen Hahn said COVID-19 vaccine candidates will be reviewed according to established legal and regulatory standards for medical products, including by an outside advisory committee.
Companies risk losing a year’s profit from collapse of supply chains,says McKinsey
he New York-based consultancy, in a report that analyzes 325 companies in 13 industries, quantifies what corporate number crunchers have sensed since the tsunami struck Japan in 2011: that man-made and natural disasters are getting more severe, frequent and costly, and that supply chains spanning the globe need to adapt to reduce exposure to threats to business survival.
U.S. NOAA raises predicted number of tropical storms to a record 25
Google turns Android phones into earthquake sensors; California to get alerts
eismology experts consulted by Google said turning smartphones into mini-seismographs marked a major advancement, despite the inevitably of erroneous alerts from a work in progress, and the reliance on a private company’s algorithms for public safety. More than 2.5 billion devices, including some tablets, run Google’s Android operating system.
“We are on a path to delivering earthquake alerts wherever there are smartphones,” said Richard Allen, director of University of California Berkeley’s seismological lab and visiting faculty at Google over the last year.
WHO decries ‘vast global gap’ in funds needed to fight coronavirus
World Health Organization chief Tedros Adhanom Ghebreyesus said the WHO was only “10% of the way” to funding the billions of dollars required.
“For the vaccines alone, over $100 billion will be needed,” Tedros said. This sounds like lot of money and it is.
“But it’s small in comparison to the $10 trillion that have already been invested by G20 countries in fiscal stimulus to deal with the consequences of the pandemic so far.”
Oil spill threatens ecological disaster as Mauritius declares emergency
“Thousands of species around the pristine lagoons of Blue Bay, Pointe d’Esny and Mahebourg are at risk of drowning in a sea of pollution,with dire consequences for Mauritius’ economy, food security and health,” Greenpeace said in a statement.
UK insurers set for large rise in business interruption claims,says GlobalData
While there have been some legal disputes, business interruption claims are still estimated to be very high, with the ABI forecasting over 75% of claims in 2020 to be business interruption related. However, strong regulation should help to protect leading insurers in the short-term