"Boring" industries benefit the most from AI - AngelList

While Elon Musk-esque theories of an impending AI apocalypse tend to dominate popular conversations around machine learning, the reality is that the machine learning revolution has already happened, cyborg-free. To see it, you just have to look at data-heavy, sometimes "boring" industries like insurance. That's where the unparalleled processing ability of machine learning can have an outsized impact. On October 16, Quantemplate--a London-based startup that uses machine learning to help insurers process data--raised a $12 million Series B. This round comes on the heels of several others at insurance-focused machine learning startups: Ethos, a data-driven life insurance issuer, raised a $60 million Series C in late August. Clearcover, a platform that uses AI to sell auto insurance, raised $43 million in January.