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ANZ OnePath using AI and fuzzy logic to avoid 'the dreaded other'

#artificialintelligence

Applying for life insurance is a long and often frustrating process. Thousands of questions on seemingly every medical condition ever suffered – except yours. "We've had multiple occurrences where people answer no to all the [medical] questions, then they come to the'other' box at the end and they'll go – 'oh yeah I've had X'. And that question is actually back there, but they didn't understand it so they defaulted to'other' and started writing chapter and verse about their medical condition," explains ANZ OnePath's chief underwriter Peter Tilocca. Whenever answers are given free form, typically the application will require the scrutiny of an underwriter.


SchoolApply startup uses AI to drive access to education

#artificialintelligence

A mother was on the phone, crying. She could not contain her gratitude: her son had just been accepted to university thanks, in part, to a new startup called SchoolApply. "We really want to open up the world for students," says Daniel Bjarne, CEO and Co-Founder of SchoolApply, which uses artificial intelligence (AI) and search functionality to help students from anywhere in the world connect with educational programs abroad that best match their needs and potential. Demand for such a service is growing fast. By 2025, some eight million students are expected to have to travel to other countries to study.


Don't You Look Smart: 45 Artifical Intelligence Startups Targeting Retail In One Infographic

#artificialintelligence

Investors poured a record high $1.05B into artificial intelligence startups in Q2'16, and AI is already affecting more areas of our lives than many people realize. Even retail and e-commerce companies are increasingly integrating the technology. Recently there's been a rush of AI announcements and acquisitions by major retailers: Just this week, Etsy acquired Blackbird to enhance its search functionality through AI, followed the very next day by Amazon acquiring Angel.ai And earlier this month, e-commerce unicorn Houzz (see our full unicorn tracker here) announced a deep learning initiative to help users find and buy products by clicking on images. Using CB Insights data, we dove into the wide array of AI startups focused on retailers and e-commerce businesses, including AI-powered personal shopping apps, natural language processing and image recognition tools for shopping websites, predictive inventory allocation tools, and more.


Don't You Look Smart: 45 Artifical Intelligence Startups Targeting Retail In One Infographic

#artificialintelligence

Investors poured a record high 1.05B into artificial intelligence startups in Q2'16, and AI is already affecting more areas of our lives than many people realize. Even retail and e-commerce companies are increasingly integrating the technology. Recently there's been a rush of AI announcements and acquisitions by major retailers: Just this week, Etsy acquired Blackbird to enhance its search functionality through AI, followed the very next day by Amazon acquiring Angel.ai And earlier this month, e-commerce unicorn Houzz (see our full unicorn tracker here) announced a deep learning initiative to help users find and buy products by clicking on images. Using CB Insights data, we dove into the wide array of AI startups focused on retailers and e-commerce businesses, including AI-powered personal shopping apps, natural language processing and image recognition tools for shopping websites, predictive inventory allocation tools, and more.


Friday reading

@machinelearnbot

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