Auto insurer SunCar Technology Group has partnered with ByteDance’s Volcano Engine to incorporate the Doubao large language model (LLM) into its core automotive services. This integration aims to enhance various operations such as the vehicle dispatch system, auto insurance software, and customer interfaces. By merging AI with Doubao’s LLM, SunCar plans to improve smart pricing and recommendation systems for auto insurance, potentially reducing costs related to claims. The agreement also includes the development of a risk assessment model, AI tools for policy renewals, and real-time decision-making tools to improve efficiency and reduce response times.

Read more at Yahoo Finance: SunCar enters AI cooperation agreement with ByteDance’s Volcano Engine