Shae Smith from Tech Insider writes,
"Daric Inc., a P2P lender, doesn’t employee any loan officers. And it’s unlikely they ever will. Why would they when the algorithm they’ve created assesses credit applicants? ‘The algorithm is the loan officer,’ said Daric Inc. chief executive Greg Ryan.
Also, this algorithm is constantly learning. Since launching in 2013, the system has been able to determine what makes a suitable borrower based on customers paying or defaulting on the debt. In other words, it’s learning what makes a candidate ‘credit worthy’."
Your wallet will also be substantially lighter if you buy one of these.
Tesla boss Elon Musk has announced the Tesla Bot, a general-purpose, bi-pedal, humanoid robot that is able to perform different tasks
We can learn a lot from the robot vacuum. Quarantine has brought me closer to understanding its purpose, and ours.
