Government funds AI project to tackle insurance fraud

The UK government is backing a project by a collective of AI companies and the University of East London that aims to prevent fraud across the accountancy, insurance and legal services industries. Software being developed by the collective, which includes AI firms Intelligent Voice and Strenuus, will use algorithms and voice recognition to understand emotion and linguistics, working out whether insurance claims could be fraudulent. "Artificial intelligence and data are transforming industries across the world," said Business Secretary Greg Clark. "We are combining our unique heritage in AI with our world-beating professional services to put the UK at the forefront of these cutting-edge technologies and their application." The project developed by the three research and development organisations is just one of 40 being funded by the government from a £13 million pot.