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Well, let's separate between the marketing fluff and the actual value. Currently it's doing with AI what everybody else does: using more data to make more detai
by erikb 9y ago
Well, let's separate between the marketing fluff and the actual value. Currently it's doing with AI what everybody else does: using more data to make more detailed predictions about numbered data (in this case money). That in itself is already great.
If they achieve to recognize the car in a given picture, and maybe even the type of car, even though it's damaged, that will be really great. With that they may be better than the current best solution I've seen (FB's object recognition, which may not even be on as high a level as they present to us in a blog post). But estimating the damage, means recognizing something that is not a pattern. I doubt even classifying this into three categories like `~100bucks`, `~2000bucks`, `buynewone` would already be hard. I doubt that anybody could do it.
And here's the point: Yes, Chinese IT companies are picking up speed. And I wish them all the success. But they have yet to show something that is really innovated by them. This idea is great, but they need to prove that they can do it before I will clap for their achievements.
- negamax 9y agoWho are you to clap for their achievements? There's a story about China's leap in science at the top. Maybe you should read it. Tunnel visions and echo chambers helps noone.
- seanmcdirmid 9y agoThat story talks about how china is pouring money into science to get to the top, it doesn’t actually talk about them already being there, the very opposite of tunnel vision.
- vadimberman 9y ago> Who are you to clap for their achievements? He's a skilled techie with a developed bullshit radar. That already puts him above an average layperson. Over the last 20 years, there's been untold amount of hype from different sources, each wave of which wanted the public to believe that this time it's different.
- deleted 9y ago[deleted]
- yters 9y agoPerhaps their culture of copying makes their innovators hold back for fear of their work being stolen?
- rubyfan 9y agoWhat you describe is actually hard, especially for upstarts. Legacy carriers and claim processing platforms are in good positions to deliver on AI claims given they have the image and settlement data. There are a few companies already doing similar, https://www.galaxy.ai https://www.galaxy.ai as an example there are a few others. From what I can tell, they are producing good guesstimates but not yet human level.