QBE pours investment into artificial intelligence start-up

QBE Insurance Group Limited (QBE) is taking advantage of artificial intelligence (AI) to enhance its operations globally. The firm has partnered with machine learning company HyperScience, entering into a multi-year commercial use agreement to roll out the latter's solutions across QBE. In addition, its venture capital arm QBE Ventures has closed an investment into the AI start-up. Financial details of the investment – the third made by QBE Ventures since its launch last year – were not disclosed. HyperScience's technology allows firms to facilitate straight-through processing and achieve faster customer response times, as well as "unlock" data within static and unsearchable documents.