Vancouver, Kelowna, Delta, BC – November 2, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye – watching stock news, deal tracker and advancements in artificial intelligence – featuring technology company LZG International Inc. (Fatbrain AI) (OTC:LZGI).
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AI Eye Podcast 734: Stocks discussed: (OTCQB: LZGI) (NasdaqGS: DCT)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (OTCQB:LZGI) (NasdaqGS:DCT)
Intellagents, the insurance technology-focused subsidiary of LZG International Inc. (Fatbrain AI) (OTCQB:LZGI), has announced the hiring of Insurtech industry leader Euan King as Chief Revenue Officer. King, according to the press release, “will be responsible for leading Intellagents in its next phase of growth and oversee all sales, strategic partnership efforts and customer experience.” Mark Stender, CEO and co-founder of Intellagents, commented:
“The Intellagents platform enables our clients to access a comprehensive ecosystem enabling rapid innovation and growth with a simple, self-service experience to harness the power of data and AI. With Euan’s network and experience, we’ll bring the power of many ‘best-in-class’ insurance capabilities connected together, each continuously learning to improve individual performance, to the overall insurance marketplace.”
NeuralMetrics, a provider of actionable risk-assessment intelligence for P&C insurers, brokers, and agents, has announced a partnership with intelligent solutions provider Duck Creek Technologies, Inc. (NasdaqGS:DCT). This, according to the press release, enables property/casualty insurers the ability to underwrite commercial lines policies quickly and accurately. NeuralMetrics employs artificial intelligence and natural language processing “to provide accurate, transparent data for evaluating risk eligibility, enabling straight-through processing, and reducing the time required to complete policy underwriting, quote, and binding.” Robert Fletcher, Sr. Partner Manager, Duck Creek Technologies, said:
“Duck Creek is eager to continue enhancing its partner ecosystem with technology that equips commercial lines underwriters with instantaneous data to accelerate their speed to market and helps facilitate their growth. Our partnership with NeuralMetrics gives our customers a more personalized experience that is tailored to carrier-specific underwriting guidelines, questions, and strategies.”
Global AI in Aviation Market to Reach $5.68B by 2028
A report published by Markets N Research finds that the global AI in Aviation market is projected to grow from $624.5 million USD in 2021 to $5.68 billion by 2028, registering a compound annual growth rate (CAGR) of 44.5 percent in the forecast period. The following excerpt from the report’s description outlines some key factors impacting the market’s growth:
Increased big data usage in the aerospace sector will be a major factor driving market growth. The market for artificial intelligence in aviation is also being pushed by elements, including the expansion of capital expenditures by aviation businesses and the expanding use of cloud-based services and applications in the industry. Increasing process optimization needs will also significantly impact the development of artificial intelligence in the aviation industry. The automatic performance enhancement provided by machine learning is a key aspect that will moderate the growth rate of artificial intelligence in the aviation business. The market for artificial intelligence in aviation will grow due to this and other causes.
Sam Mowers, Investorideas.com
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About FatBrain AI (LZG International, Inc.)
FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI solutions to empower the star enterprises of tomorrow (aka mSMEs) to grow, innovate, and drive the majority of the global economy. FatBrain’s AI 2.0 technologies and advanced data services transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate AI solutions. FatBrain’s subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.
For more information, please visit: https://www.fatbrain.ai
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