AIG profit beats estimates on strong underwriting gains
Insurer American International Group Inc reported a nearly 17% rise in quarterly profit that topped market estimates, as strong underwriting gains and lower catastrophe losses cushioned a drop in investment income. The company – one of the world’s biggest commercial insurers said that the gross premiums written in its general insurance business rose 7% in the […]
Meta opens access to AI large language model
Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research. Meta said that its model was the first 175-billion-parameter language model to be made available to the broader AI research community. Large language models are natural language processing systems which are trained on massive volumes of text. They are […]