Liberty Mutual Establishes AI Collaboration with MIT
MIT and Liberty Mutual announced a $25m, five-year collaboration to support AI research in computer vision, computer language understanding, data privacy and security, and risk-aware decision making, among other topics.
The collaboration will span MIT’s five schools and be led by MIT’s Stephen A. Schwarzman College of Computing through the Quest for Intelligence, MIT’s research initiative focusing on the science and engineering of intelligence.
Research topics under discussion include efforts to make decision making algorithms transparent to customers and regulators, use computer vision to reduce crashes by identifying dangerous driving conditions and roadways, further protect the anonymity and security of personal data, use computer language understanding to analyze insurance claims to speed processing and compensation, and structure investment portfolios.
“With the Quest, MIT is working to accelerate progress on techniques and technologies that can help countless industries seize the transformative opportunities of AI. Our collaboration with Liberty Mutual will advance research in an interdisciplinary, problem-focused way that will feel very familiar to our community.” – MIT President, Rafael Reif.
“AI tools and technologies are reshaping industry, and insurance is no exception. We look forward to working with Liberty Mutual to develop methods to make AI systems fair, secure, transparent and more risk-aware.” – Antonio Torralba, director of The Quest and a professor of computer science and electrical engineering.
“We are excited to embark on this project with MIT and look forward to leveraging their leading AI research to identify, develop, and ultimately operationalize several transformational AI-enabled solutions. Through this collaboration we intend to challenge the insurance industry status quo and be at the forefront of AI breakthroughs.” – CEO of Liberty Mutual, David Long.