Liu Qingfeng, chairman of iFLYTEK, proposed establishing AI unemployment insurance at the Two Sessions to create a more employment-friendly society in China. This addresses potential job displacement due to AI advancements.

Hunan's medical security bureau recently issued a notice prohibiting the use of artificial intelligence to automatically generate prescriptions in online hospitals. This regulation has drawn significant attention, particularly given the increasing prevalence of internet-based healthcare services. The notice mandates that prescriptions must be issued by licensed physicians who have personally interacted with the patient or their family, ensuring compliance with existing regulations.

InsurStaq.ai, a startup focused on developing generative AI applications for the insurance industry, was founded by Mayan Kansal in 2022. The company successfully launched a large language model designed specifically for the insurance industry, InsurGPT, and received investment from Faad Network. However, after a year of operation, Mayan announced that he had to shut down the company. InsurStaq.ai excelled in the insurance sector, achieving enterprise-level compliance.

Sunshine Intelligent Technology Co., Ltd. has a registered capital of 700 million yuan. Its scope of business includes big data services, internet security services, and the development of artificial intelligence application software. The company is wholly owned by Sunshine Insurance. The intelligent technology company involves multiple AI businesses, showcasing potential for future development.

Insurance experts indicate that generative artificial intelligence will continue to be an unknown risk in the global insurance sector in 2024. Research from Beazley shows that 27% of global business executives believe cybersecurity will be a key risk in 2024. The cyber insurance market is expected to triple in size over the next three to four years, necessitating innovative cyber insurance solutions to meet the growing demand.

Indian IT giant Wipro has partnered with NVIDIA to accelerate the adoption of generative artificial intelligence in healthcare companies. The collaboration utilizes NVIDIA AI Enterprise software to enhance the efficiency of healthcare solutions, covering ACA, Medicare, and Medicaid. The goal is to drive the next generation of scalable AI solutions to improve innovation and business efficiency in the healthcare industry. Wipro plans to continue building NVIDIA-based solutions to accelerate digitalization and business transformation.

UnitedHealthcare, the largest health insurance company in the U.S., has been accused of using an AI algorithm with a 90% error rate to bypass doctors' judgment and deny critical medical coverage to elderly patients. The AI algorithm developed by NaviHealth, a subsidiary of UnitedHealth, has led to patients prematurely exiting rehabilitation programs and care facilities, forcing them to deplete their savings. Two family members of denied insurance claim patients have filed a lawsuit in Minnesota District Court, seeking to turn it into a class action that could impact tens of thousands nationwide.

Artificial intelligence startup Mind Foundry has completed a $22 million funding round. The funds will be used to help insurance companies determine which drivers to provide coverage for. Mind Foundry's AI tools are utilized to detect cognitive decline in elderly drivers in Japan. Founded in 2016, Mind Foundry aims to design AI for high-risk applications. Mind Foundry hopes to expand its insurance products to other regions.