How Cortica is Teaching Autonomous Vehicles [VIDEO]

It appears artificial intelligence is getting the Montessori treatment when it comes to self-learning. Cortica, an international AI startup, is implementing unsupervised learning that allows an autonomous system to process data and figure out its environment. For perspective, supervised machine learning is when the AI is given a set of examples and a set of parameters […]
  • Emma Sandler
  • August 4, 2017

CarLabs to Launch OEM Chatbot

  CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. CarLabs offers a business-to-business car shopping solution for users on platforms like Facebook Messenger and Amazon’s Alexa. Financing could be integrated at a […]
  • Emma Sandler
  • July 28, 2017

Even Electric Partners With Microsoft for EV Sales Platform

Even Electric and Microsoft inked a deal to sell electric vehicles on a new “smart trading platform,” which Even Electric hopes will become the “go-to” for OEMs’ electric vehicles, said Gisli Gislason, chief executive of Even Electric. “In order to get cars to users, you need to simplify the system,” Gislason said. “The dealership network doesn’t work for […]
  • Emma Sandler
  • July 10, 2017

Digital Labor Defined and Applied in Auto Finance

Digital labor technologies, like robotic process automation (RPA) and artificial intelligence (AI) have the potential to transform the delivery of processes in the front, middle, and back offices of financial institutions. While 44% of enterprise global banking, financial services, and insurance global enterprises surveyed by HfS and KPMG planned on making a significant investment in RPA over the next two years, its adoption is still […]
  • FISERV INTELLEGENCE
  • June 30, 2017

ALD Automotive to Launch AI Chatbot

ALD Automotive will launch a chatbot using Facebook Messenger and artificial intelligence in Poland this month, following an internal innovation challenge that ALD hosted for its employees last year, Auto Finance News has learned. The leasing and fleet management provider hosts several innovation challenges throughout the year, primarily for startups but also for ALD’s employees. The Paris, France-based […]
  • Natalie Mattila
  • May 15, 2017

German Autolabs Eyes In-Car Loan Payments With New AI System

As technology continues to advance, bringing about new social media platforms and gaming apps, distracted driving casualties continue to rise. And German Autolabs has a solution which will not only prevent distracted driving, but could even transform the way consumers make auto loan payments, Mobility Buzz has learned. German Autolabs, a  provider of internet of things solutions, is developing […]
  • Natalie Mattila
  • April 6, 2017

4 Integral Autonomous Car Technologies Under Development

As more automakers test autonomous cars and prep for deployment on public roads, startups and engineers are working tirelessly to develop the technology that will power the vehicles. Innovative advancements have accelerated with the participation of leading car manufacturers, including Ford, Tesla, BMW, and Audi, among others. But, while automakers have been testing self-driving cars […]
  • Natalie Mattila
  • March 9, 2017

Captive Uses AI Tool to Refine Underwriting, Reduce Losses

ZestFinance developed and recently launched a lender tool that uses machine learning to originate loans for thin-file borrowers, and the company is already working with one of the “Big Three” captives to implement this system for its auto originations, said Douglas Merrill, founder and chief executive of the company. The platform applies algorithms to alternative […]
  • William Hoffman
  • March 1, 2017

White Clarke Takes Aim at AI

LONDON — White Clarke Group is starting to look for solutions in artificial intelligence. White Clarke has “started some conversions on the AI side,” Brendan Gleeson, the company’s CEO, said here yesterday. “It is where I really want to go to,” he added. AI enables intelligence, responsive data analysis. Gleeson called AI “the most transformative innovation […]
  • JJ Hornblass
  • November 10, 2016