Lenders and Technology
Lenders are reviewing and updating their technology, removing unused or outdated tools, and exploring new ones, amidst concerns about bad developments in the IT world.
Meanwhile, Ben Teerlink, Founder/CEO of MMI, will be discussing the latest trends and tools in an interview today at 11AM PT on the L1 show.
AI and Robotics
AI companies are teaching robots to perform household chores by paying people to fold laundry in front of them, in an effort to improve their learning capabilities.
It’s disappointing that we may never see a robot get tangled in a fitted sheet.
While robots and automatic machines have been around for centuries, with the French being at the forefront 250 years ago, the current focus is on their potential to assist and learn from humans.
Crypto Scams
Americans, including potential borrowers, are losing millions to scammers at crypto ATMs, with many people being drawn in by the promise of easy money, regardless of the harm caused to victims.
Author's summary: Lenders update tech, AI learns chores.
- Borrower monitoring and verification tools
- AI processing and machine learning
- Events and training for lenders and AI companies