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Universal Sompo Unveils ‘Universal I Assess’ and ‘Universal i Gen’ for Faster Motor Claims Settlement

To expedite the settlement of automobile claims, Universal Sompo has introduced two intelligent tools "Universal I Assess" and "Universal I Gen." "Uni

To expedite the settlement of automobile claims, Universal Sompo has introduced two intelligent tools "Universal I Assess" and "Universal I Gen." "Universal I Assess" enables surveyors to evaluate car damage and provide realtime claim estimates by utilising neural network image processing, machine learning, and natural language processing. The technology reduces fraud and expedites settlements by taking pictures of the damage, identifying vehicle features, evaluating the severity of the damage, and producing an autoassessed claims estimate. When combined with a surveyor app, it improves the effectiveness of workflow. "Universal i Gen" expedites the claims process by providing policyholders realtime updates via IVR calls and digital media such as WhatsApp. CEO Sharad Mathur emphasised the programme as a component of Universal Sompos continuous endeavours to enhance policyholders claims experience. Read More..

B2B Tech News | 17 days ago      

IBM Opens GenAI Innovation Centre in Kochi for Enterprise and Startup Collaboration

To support businesses, startups, and partners in their exploration and development of generative AI technologies, IBM has opened its GenAI Innovation

To support businesses, startups, and partners in their exploration and development of generative AI technologies, IBM has opened its GenAI Innovation Centre in Kochi. This effort helps establish, grow, and accelerate enterprisegrade AI adoption by giving access to IBM expertise and technology, addressing the challenges associated with AI project integration. The facility integrates IBM Watson AI and data platform and uses IBM and Red Hats InstructLab to improve Large Language Models LLMs with client data. It will be run by IBM technical specialists and housed within the IBM India Software Lab. It will encourage a community to use generative AI for various social and corporate concerns. This project demonstrates IBMs dedication to fostering AI innovation and cooperation in India. Read More..

B2B Tech News | 17 days ago      

L&T Renewable Energy Division Lands Massive 3.5 GW Solar Project Deal in Middle East

The renewable energy branch of Larsen & Toubro has landed a big contract in the Middle East to build 3.5 GW of solar PV facilities. The agreement, est

The renewable energy branch of Larsen & Toubro has landed a big contract in the Middle East to build 3.5 GW of solar PV facilities. The agreement, estimated to be worth Rs 10,000 crore and Rs 15,000 crore, has clauses about grid interconnections, including overhead transmission lines and pooling substations. As announced to the exchanges on July 8, detailed engineering and preliminary construction operations are expected to start shortly. Even yet, at midmorning on the NSE, shares of Larsen & Toubro were down 0.53%, or Rs 3,608, from their opening price. Read More..

B2B Tech News | 18 days ago      

Chinas Central Bank Introduces Reverse Repos to Manage Market Liquidity

The People’s Bank of China PBOC, the country’s central bank, has declared that it would begin temporary bond repurchase agreements, or reverse rep

The People’s Bank of China PBOC, the country’s central bank, has declared that it would begin temporary bond repurchase agreements, or reverse repos, to improve open market operations’ effectiveness and preserve the banking system’s sufficient liquidity. Overnight loans will be a part of these interim activities, which will be modified in response to market conditions. These transactions will have interest rates ranging from 20 basis points below to 50 basis points over the existing 1.6% and 2.3% sevenday reverse repo rate. According to market commentators, this action may create a new interest rate corridor, giving the PBOC more freedom to control cash circumstances in the face of solid bond demand and successfully stabilise market liquidity. Read More..

B2B Tech News | 18 days ago      

Skydance Media to Acquire Paramount in $4.5 Billion Merger Deal

A historic merger agreement between Skydance Media and Paramount Global has been revealed, ushering in a new era for Hollywood. For a cash payment of

A historic merger agreement between Skydance Media and Paramount Global has been revealed, ushering in a new era for Hollywood. For a cash payment of $2.4 billion, Skydance will purchase National Amusements, the company that owns the Paramount portion held by the Redstone family. After that, Skydance and Paramount will merge, giving stockholders $4.5 billion in cash or shares and adding an extra $1.5 billion to Paramounts balance sheet. Skydances chairman and CEO, David Ellison, will be joining as president by former NBCUniversal CEO Jeff Shell. Through Skydances technology and creative vision, the purchase seeks to strengthen Paramount in the face of industry shifts by reviving the companys content and streaming platforms in the face of competition. Read More..

B2B Tech News | 18 days ago      

Taiwans Central Bank Delays Digital Currency Launch, Cites Complexity

The Central Bank of Taiwan declared no predetermined date for introducing a digital currency, describing the procedure as "huge and complex." The bank

The Central Bank of Taiwan declared no predetermined date for introducing a digital currency, describing the procedure as "huge and complex." The bank intends to host public hearings next year to provide information and solicit public opinion. As the bank works on a pilot project to test a governmentrun digital currency that would replace debit and credit cards for payment, it is concentrating on enhancing the effectiveness and creativity of the current payment system. The initiatives wideranging effects necessitate intensive communication. Currently, 134 nations are investigating virtual currencies, several of which are in advanced stages of development. Digital currencies have generated protests due to possible government monitoring despite their promise of additional features and cash substitutes. Read More..

B2B Tech News | 18 days ago      

South Korean Civil Servant Robot "Commits Suicide" by Falling Down Stairs

The Daily Mail claims that a South Korean public servant robot "committed suicide" by plunging a twometer stairway. The robot, made by Bear Robotics a

The Daily Mail claims that a South Korean public servant robot "committed suicide" by plunging a twometer stairway. The robot, made by Bear Robotics and a member of the Gumi City Council since October 2023, was discovered to be seriously injured in between levels. It was in charge of information provision and document delivery. Before the event, witnesses saw it circling in the exact location. The precise reason is unknown and is being looked into by authorities, who gather and examine the robots parts. This occurrence happened after a security robot in Washington fell into a fountain in a situation identical to this one. In response, internet users have suggested that unions and improved working conditions for robots are necessary. Read More..

B2B Tech News | 18 days ago      

Airtel Refutes Claims of 375 Million Users Data Being Sold on Dark Web

Airtel India has refuted reports that the personal data of 375 million Indian customers was being sold on the dark web by denying allegations of a mas

Airtel India has refuted reports that the personal data of 375 million Indian customers was being sold on the dark web by denying allegations of a massive data breach. The business reassured its customers that their data was secure, saying that an initial examination had shown no system breaches. The allegations started with a post on X.com by Dark Web Informer, claiming that an agent going by the handle xenZen was offering the dataset on BreachForums. It was said that the collection contained Aadhaar numbers, residences, and personal information like names. Despite these assertions, no hard proof has been shown, and Airtel is adamant that the accusations are a pretextual attempt to harm its brand. Read More..

B2B Tech News | 18 days ago