One of the earliest AI FinTech unicorns to cross $1 billion valuation in 2015, Avant is primarily a personal lending startup that uses advanced algorithms and ML to evaluate online loan applications.
>>>Virtual reality wunderkind Palmer Luckey has had a checkered past. He was responsible for setting up Oculus and selling it to Facebook. But soon after, he was involved in the controversy involving trade secret violations surrounding the development of Oculus. That was soon followed by news of his political donations for anti-Hilary campaigns. While there is no confirmation, there is strong belief that his political beliefs were the cause for his exit from Facebook.
>>>During this week’s roundtable, we had as our guest Arijit Sengupta, Founder and CEO at Aible. Previously, Arijit founded another AI startup, BeyondCore, which was acquired by Salesforce.com. This was an excellent discussion, and I urge you to check it out.
Ederlabs
As for the pitches, up first, we had Sharat Satyanarayana from Bangalore, India, pitch Ederlabs, an AI data privacy protection startup that is in the 1Mby1M Premium program.
Suquino
Next we had Ravi Amble from Sunnyvale, California, pitch Suquino, a telehealth startup.
Florian Quarre: The final use case is automated decision making. We’ve gone through defining the data meaning and dictionaries. We’ve gone through digitizing data.
The last stage is executing on the data and start making decisions. One of the use cases that we help enable is making decisions on whether a claim should be paid or rejected.
>>>Florian Quarre: We do have affinity to healthcare, finance, and retail primarily because we try to mix together the techno-functional aspects. On the functional side, quite a few of us either have past experience in healthcare, finance, or retail.
That allows us to understand the problem. It’s easy for us to relate to the problems and bring solutions we wish we had in the past or we know are going to be relevant to them in the future.
>>>In this segment of TLAI, we discuss use cases in life sciences, healthcare, and retail.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Exponential Machines.
Florian Quarre: I operate primarily in the field of healthcare technology. I have quite recently joined Exponential AI. Exponential AI is an AI platform focused on accompanying our clients through their digital transformation journey.
>>>Sramana Mitra: I still go back to the gender question though. It’s not entirely invalid. If you’re a man, unless you’re a transgender, you’re most likely not wearing women’s clothes. You may have experience with baby products, but as a man, you would not have experience with women’s clothing.
Ashutosh Garg: Do you want to base it on people’s gender or on experience?
>>>Gary Saarenvirta: We have a theory for retail. We have partial differential equations (PDEs) that govern insurance and risk industries.
We simulate with our PDEs. You simulate what is going to happen in the future if I took these actions. In the same way, our PDEs are the decisions we provide. What products do I promote? What prices do I charge? How much inventory to allocate?
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