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Exponential Exchange closes on $7.4 million funding to develop risk mitigation tools for the automotive ecosystem | Auto Remarketing Auto Remarketing

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes.

Industries such as agriculture, energy and manufacturing have long been able to hedge against price risk by using derivatives, Exponential said. Meanwhile, auto fleet owners and insurance companies have not had that option.

Exponential said its mission is to change that by creating a set of financial instruments that would allow rental car companies,

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Toyota’s AI-Powered Breakthroughs in Automotive Design

Toyota has fully embraced the power of artificial intelligence (AI) in its design processes, thus transforming the automotive industry. By harnessing the technology, it uplifts its vehicles’ appearance, performance, and overall user experience. AI empowers designers and engineers to work toward creative designs by analyzing large amounts of data and uncovering valuable patterns, allowing them to explore new alternatives.

This streamlined approach optimizes processes, reduces iterations, and enhances design efficiency. Toyota’s strong dedication to innovation yields remarkable results, giving rise to more efficient and innovative vehicles.

In addition, employing AI during the design process improves the vehicles’ performance and enhances

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ChatGPT at car dealerships should be a tool, not a replacement

Numerous industries have been experimenting with the artificial intelligence-driven conversational chatbot, ChatGPT, since it debuted late last year. Users have applied the technology to create fitness and diet plans, write emails and job postings, talk with customers and even write code — with varying degrees of success.

Auto dealers are dipping their toes in this highly intelligent technology, and for now at least, that’s as deep as they should go.

Dealers told Automotive News they are using the tool to automate sales correspondence and write grammatically correct memos and job postings. ChatGPT could improve customer service by responding more quickly

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“AI Will Be Used For More Than Just The Products”

With the wide readership that this forum provides, feedback on articles comes in many forms: explicit compliments, constructive criticisms and a wealth of social media comments (as well as hopefully a few “Likes”). Most follow-up conversations are digital and quick, and they rarely inject residual feelings of missing a critical chuck of the full story.

But sometimes there’s a post-publication epiphany after a reader contacts me, and that leads to another interview.

In May, I attempted to explain

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Hyundai to offer Lyft rides for patrons whereas their automotive will get repaired

Hyundai sellers in the US will provide Lyft rides to clients getting their autos serviced at dealerships, the businesses stated on Tuesday, the newest in a string of partnerships by the experience companies firm. Sellers who subscribe to Hailer software by CDK World will be capable of provide rides with out the client having to put in the Lyft app.

Lyft, which debuted on the New York Inventory Trade a few months earlier than Uber, has partnered with a number of firms to supply its companies in a bid to achieve share in a market dominated by greater rival Uber

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Liberty Mutual Automobile Insurance coverage Evaluation 2023

Our consultants reply readers’ insurance coverage questions and write unbiased product evaluations (this is how we assess insurance coverage merchandise). In some instances, we obtain a fee from our companions; nonetheless, our opinions are our personal.

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JD Energy Buyer Satisfaction Score

831


AM Greatest Monetary Power Score

A

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Liberty Mutual Auto Insurance coverage


JD Energy Buyer Satisfaction Score

831


AM Greatest Monetary Power Score

A

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JD Energy Buyer Satisfaction Score

831


AM Greatest Monetary Power

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