AI Summary25 Oct 202615 Jumada I 1448 AH
AI Summary
25 Oct 202615 Jumada I 1448 AH
Tokyo Marine Launches Insurance for AI-Powered Robots
Tokyo Marine Holdings will begin selling insurance policies for AI-powered robots starting next month. This makes it the first property and casualty insurance company in Japan to offer such coverage, as the global market value for these machines is expected to exceed $80 billion in the next decade.
The technology, known as 'physical AI', utilizes data from cameras and sensors, allowing robots to assess situations independently. This technology is anticipated to spread not only in factories but also in sectors facing labor shortages, such as nursing homes and retail, creating a new economic domain that includes insurance.
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This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
Tokyo Marine Launches Insurance for AI-Powered Robots
Tokyo Marine Holdings will begin selling insurance policies for AI-powered robots starting next month. This makes it the first property and casualty insurance company in Japan to offer such coverage, as the global market value for these machines is expected to exceed $80 billion in the next decade.
The technology, known as 'physical AI', utilizes data from cameras and sensors, allowing robots to assess situations independently. This technology is anticipated to spread not only in factories but also in sectors facing labor shortages, such as nursing homes and retail, creating a new economic domain that includes insurance.
Follow these topics
Sign in to follow the topics that matter to you
This summary is generated with AI and receives periodic editorial review. Refer to the original source for full details.
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