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Pay-per-mile auto insurer Metromile is heading to public markets via SPAC

TechCrunch

Metromile , the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. Metromile is credited for disrupting some of the inefficiencies of the auto insurance business model, notably how consumers are charged.

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Daily Crunch: App Store reviews and social media depict user backlash against Snapchat’s new AI chatbot

TechCrunch

Sarah writes that the social media giant is seeing a spike in one-star reviews, which include calling for its removal. In essence, Auto-GPT uses the versatility of OpenAI’s latest AI models to interact with software and services online, allowing it to “autonomously” perform tasks like X and Y. Ivan has more on that.

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Notch will sell you insurance in case your Instagram gets hacked

TechCrunch

It’s even worse if you’re a digital creator whose social media accounts literally pay your bills. The Israel-based startup Notch is trying to see if insuring creators against Instagram hacks could offer a solution. ” Notch is not affiliated with Instagram, but Broshi says that this is normal for insurance companies.

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Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

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Truepic, which just raised $26M in a Microsoft-led round, aims to verify the authenticity of photos and videos

TechCrunch

Truepic, a digital image verification software provider, has raised $26 million in a Series B funding round led by M12, Microsoft’s venture fund. Truepic’s camera technology is software-based, and runs on mobile devices. Insurance companies, for example, are using it to verify claims remotely.

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Top 7 generative AI use cases for business

CIO

Coding assistants One of the use cases for gen AI that pops up the most frequently is the coding assistant. Gen AI can write basic software code, allowing human programmers to focus on more complicated tasks. Gen AI, by creating website code, can significantly reduce the time and cost needed to update websites. “By

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Y Combinator’s new batch features its largest group of Indian startups

TechCrunch

Covid has also taught us that building a program that is remote and more software based makes YC more accessible to founders around the globe,” the firm said in a statement to TechCrunch. According to some estimates, over $260 billion worth of food is wasted every year due to mismanaged inventory.

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