AI tools such as ChatGPT to drive digital transformation of insurance, COVU says

AI tools such as ChatGPT to drive digital transformation of insurance, COVU says

Generative artificial intelligence (AI) tools, such as ChatGPT, will play a significant role in the digital transformation of the insurance industry, according to COVU. COVU, an AI-enabled digital platform for insurance agencies, has released an executive forecast on the industry shift toward using generative AI tools to help insurance agencies streamline operation, customer service and cross-selling opportunities. The insurance platform was founded by insurance industry veterans Ali Safavi and Tasos Chatzimichailidis with the goal of helping independent insurance agents and carriers better manage risk and make smarter insurance decisions through AI-driven policy recommendations, business services and sales support. The InsurTech’s team of insurance, finance and technology innovators believe AI tools such as Chat GPT, built by OpenAI, will be a factor in the digital transformation of the insurance industry in the year ahead. According to COVU, these tools have the potential to reduce customer service costs by up to 30%, which could save insurance agencies millions of dollars. When adding in the use of AI tools, agents can reduce the time spent on administrative tasks, boost targeted marketing efforts and uncover more sales opportunities quickly. Powered by AI and machine learning (ML), OpenAI’s platform automates routine tasks such as […]

“There is a $5 billion opportunity in the ADHD market”

“There is a $5 billion opportunity in the ADHD market”

MindTension has raised a total of $2 million for its tool helping diagnose and treat optimization of ADHD and related mental health comorbidities “It is estimated that 10% of the world’s population suffers from ADHD,” explained MindTension. The company, which was founded in 2020 by Zev Brand and Prof. Avi Avital, is aiming to offer a computerized solution that measures the reflexive response of the brainstem to auditory sounds. It is understood that MindTension’s technology can determine the precise level of attention deficit for precise treatment. The company continued: “This technology can also be used in the ‘fit to operate’ space, to assess the attention of professionals who require high levels of attention in order not to cause terrible damage or loss of human life, e.g. drivers, pilots, surgeons, and heavy machinery operators. Both clinical and non-clinical applications open up massive new untapped markets.” Mindtension MindTension joined CTech for its Startup Boarding Pass series to share how the company plans to tap into a $50 billion opportunity. MindTension is a digital health and medical device company that has developed a revolutionary way to accurately quantify attention physiologically, reflexively, and objectively. Our mission is to provide patients and physicians with […]

Capital Square Launches CSRA Opportunity Zone Fund VIII to Develop 348-Unit Class A Multifamily Community in Knoxville, Tennessee

Capital Square Launches CSRA Opportunity Zone Fund VIII to Develop 348-Unit Class A Multifamily Community in Knoxville, Tennessee

KNOXVILLE, Tenn., Jan. 30, 2023 /PRNewswire/ — Capital Square , one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today the launch of CSRA Opportunity Zone Fund VIII, LLC. The project-specific opportunity zone fund will raise capital to develop Livano Knoxville, an approximately 348-unit Class A multifamily community in Knoxville, Tennessee. CSRA Opportunity Zone Fund VIII seeks to raise $46.684 million in equity from accredited investors. "With the land acquired and a favorable construction loan in place, Capital Square believes it has reduced the risk on this superior site near the University of Tennessee," said Louis Rogers, founder and co-chief executive officer. "And – the icing on the cake – the property is in an opportunity zone that permits investors to defer and exclude their capital gains from the sale of any asset by investing in this, Capital Square’s eighth, opportunity zone fund." Located in the city’s emerging South Knoxville neighborhood at 451 W. Blount Avenue, just south of the Tennessee River and adjacent to the University of Tennessee’s Neyland Stadium, the multifamily community will include studio, one-, two- and three-bedroom apartment homes averaging approximately 930 square feet. The […]

Is There An Opportunity With First Solar, Inc.'s (NASDAQ:FSLR) 43% Undervaluation?

Is There An Opportunity With First Solar, Inc.’s (NASDAQ:FSLR) 43% Undervaluation?

Source: Shutterstock Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of First Solar, Inc. ( NASDAQ:FSLR ) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don’t get put off by the jargon, the math behind it is actually quite straightforward. Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . The Calculation We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate […]

Global Medical REIT: Compelling High Yield Opportunity

Global Medical REIT: Compelling High Yield Opportunity

ansonsaw The market may be a voting machine in the short run but is a weighing machine in the long run, as said by Warren Buffett. That’s why I’m more interested in stocks when they are cheaply valued while giving investors a high dividend yield. Having high-yielding stocks can be especially helpful in covering everyday expenses, or to buffer the effects of a job loss, which unfortunately seems all too common in today’s business climate. It’s even better when the underlying company owns mission-critical real estate that’s essential to society. This brings me to Global Medical REIT (NYSE: GMRE ) which as shown below, currently trades well below its 52-week high of $17. In this article, I highlight what makes GMRE an appealing buy for income investors at current levels. GMRE Stock (Seeking Alpha) Why GMRE? Global Medical REIT is a net-lease healthcare REIT that focuses on sales and leasebacks with leading health systems and physician groups in secondary markets. This results in less competition for deals from institutional buyers, and thereby higher cash yields on its properties. This is reflected by GMRE’s weighted average portfolio cap rate of 7.7%, which is higher than the ~5% cap rate for […]

GROWING JUSTICE works to reimagine food systems with first funding opportunity

GROWING JUSTICE has announced the availability of $3.5 million in grants for community-led efforts to transform food systems through institutional sourcing practices. GROWING JUSTICE: The Fund for Equitable Good Food Procurement is a pooled fund co-designed by funders, farmers, advocates, food suppliers, purchasers, and community partners from across the country to transform food systems through equitable good food procurement. Growing Justice envisions a future in which tribal, indigenous, black, Latin, Asian, and immigrant people engaged in food markets as suppliers, producers, distributors, workers and eaters at community-serving institutions are economically and physically thriving thanks in part to efforts by large community institutions to prioritize equitable good food procurement. Founding funders include: The Rockefeller Foundation, Native American Agriculture Fund, W.K. Kellogg Foundation, The Kresge Foundation, Panta Rhea Foundation and Clif Family Foundation. GROWING JUSTICE grants aim to support BIPOC-led and BIPOC-allied community- and community-based organizations, Tribal nations and their instrumentalities that are actively engaged in the food value chain and committed to transforming the food system through equitable good food procurement. Equitable good food procurement is the purchasing of good food from locally- or regionally-owned, and environmentally- and economically-sustainable farms, ranches, fisheries, and food businesses that prioritize the needs of […]

Is There Now An Opportunity In Agilent Technologies, Inc. (NYSE:A)?

Is There Now An Opportunity In Agilent Technologies, Inc. (NYSE:A)?

Source: Shutterstock Let’s talk about the popular Agilent Technologies, Inc. ( NYSE:A ). The company’s shares saw a decent share price growth in the teens level on the NYSE over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Let’s examine Agilent Technologies’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. What’s The Opportunity In Agilent Technologies? Agilent Technologies appears to be expensive according to my price multiple model, which makes a comparison between the company’s price-to-earnings ratio and the industry average. In this instance, I’ve used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock’s cash flows. I find that Agilent Technologies’s ratio of 36.76x is above its peer average of 31.08x, which suggests the stock is trading at a higher price compared to the Life Sciences industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Since Agilent Technologies’s share price is quite […]

AMC’s APE conversion a ‘massive’ opportunity to wipe out debt and drive expansion, says analyst

AMC’s APE conversion a ‘massive’ opportunity to wipe out debt and drive expansion, says analyst

AMC Entertainment Holdings Inc.’s push to convert its AMC preferred equity units, or APEs, into common stock is a massive opportunity in the company’s battle to eliminate debt, according to B. Riley Securities analyst Eric Wold. (Photo by Scott Olson/Getty Images) A previous version of this story included an incorrect figure for the amount of debt AMC had at the end of its fiscal third quarter. The correct figure is $5.325 billion. AMC Entertainment Holdings Inc.’s push to convert its AMC preferred equity units, or APEs, into common stock is a massive opportunity in the company’s battle to eliminate debt, according to B. Riley Securities analyst Eric Wold. In an SEC filing Friday, the movie-theater chain and meme-stock darling announced a special meeting of shareholders to increase the number of AMC AMC, -8.89% authorized shares from just over 524 million to 550 million and authorize a 1-for-10 reverse split of the company’s common stock, converting APEs APE, +15.36% into shares of common stock. AMC’s stock fell 6.7% Monday, while the APEs rose 16.1%. The S&P 500 SPX, -0.89% declined 0.7%. “Given that APE unit holders essentially control the vote at 64% of combined holdings and may not get another […]

Trade missions uncover export opportunities for Alabama companies

Trade missions uncover export opportunities for Alabama companies

Download Image For Alabama-based manufacturer Sealing Equipment Products Co., or SEPCO, selling its mechanical seals, gasketing materials, compression packing and other high-performance products in markets around the world has become a core element of its business. Today, SEPCO ships products to customers in approximately 40 different countries, and Chief Executive Officer Chris Wilder is hoping to expand its exporting activities. “We have maintained a robust exporting program for a number of years and have always had the attitude that only 20% of our potential market is in the U.S.,” he said. As he works to expand SEPCO’s exporting activity, Wilder has leaned on the Alabama Department of Commerce, whose Office of International Trade offers companies the resources and programs to go global. Chris Wilder and Alabaster-based SEPCO have participated in a half dozen trade missions organized by the Alabama Department of Commerce and Export Alabama. (Image: Chris Wilder) “It’s hard work and expensive to expand internationally but that’s where the Alabama Department of Commerce has been such a great partner,” Wilder said. “They’ve really helped us with some projects that we just wouldn’t have undertaken without them.” Over the years, Commerce has been active in organizing dozens of trade […]

Advanced Micro Devices Still has 'Significant' Opportunity Despite Data Center Weakness, Morgan Stanley Says

Advanced Micro Devices Still has ‘Significant’ Opportunity Despite Data Center Weakness, Morgan Stanley Says

© MT Newswires 2023 All news about ADVANCED MICRO DEVICES, INC. 12:17p Advanced Micro Devices Still has ‘Significant’ Opportunity Despite Data Center Weakness.. MT 08:51a Susquehanna Adjusts Advanced Micro Devices Price Target to $88 From $80, Maintains Posi.. MT 06:42a Social Buzz: Wallstreetbets Stocks Largely Down Premarket; Antero Midstream .. MT 01/27 Intel leads chip stock selloff after bleak outlook RE 01/27 Wall St set for subdued open as Intel warning hits chip stocks RE 01/27 Intel’s ‘historic collapse’ sparks selloff in chip stocks RE 01/27 Social Buzz: Wallstreetbets Stocks Mostly Down Premarket; Intel Poised to De.. MT 01/27 EMEA Morning Briefing: Stocks Seen Higher as Sentiment Improves DJ 01/26 Stumbling Intel, seeing AMD gain ground, says it will recover balance RE 01/25 Social Buzz: Wallstreetbets Stocks Largely Down Premarket; Microsoft Poised .. MT More news Analyst Recommendations on ADVANCED MICRO DEVICES, INC. 08:51a Susquehanna Adjusts Advanced Micro Devices Price Target to $88 From $80, Maintains Posi.. MT 01/24 Bernstein Downgrades Advanced Micro Devices to Market Perform From Outperform, Adjusts .. MT 01/23 Truist Securities Adjusts Price Target on Advanced Micro Devices to $79 From $70, Maint.. MT More recommendations Duration : Auto. Period : Day Full-screen chart