Exponential Wisdom

Episode 77: Eliminating Middlemen, When AI Replaces the Sales Agent

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Peter and Dan discuss the first-order implications of artificial intelligence. As technologies like AR/VR, AI and blockchain converge to disrupt traditional business models and processes, countless tasks will become far easier, reducing business costs and time expenditures.

 

In this episode:

  • Peter discusses the latest breakthroughs in augmented reality, validating his belief that AR will become ubiquitous by 2030.
  • Dan emphasizes the importance of skills training, and justifies why AI will transform the education industry.
  • Peter projects AI’s trajectory of becoming more and more knowledgeable. As data explodes in both quality and quantity, middlemen will no longer be needed in most industries.

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Episode 68: Flipping the Insurance Industry

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Peter and Dan talk about the history of insurance, and why this age-old industry is ripe for disruption. They discuss which exponential technologies will help inefficiencies and the new business models they see in the near future.

 

In this episode:

  • Peter believes insurance will start to disappear for most people as tech companies begin covering costs (i.e. autonomous car companies like Waymo offering free insurance to their riders).
  • Dan talks about how AI will disrupt the middleman. He outlines a future scenario in which most individuals will purchase life insurance from a robot online, because the process will be that instant, easy and accurate.
  • Peter and Dan discuss how insurance companies should flip the business model from retrospectively protecting from risk to proactively protecting you from risk. This would force insurance companies to keep customers alive longer to retain their business.

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Episode 59: AI Disrupting the Middleman

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Peter and Dan discuss the disintermediation of the insurance industry, and specifically how AI will disrupt the middleman in all industries.

 

 

In this episode:

  • Peter and Dan talk about using technology to gather and evaluate increasingly more data. When will tech companies who know the most about you enter the insurance industry?
  • Peter gives his view of the future of health insurance, where big data is so personalized that you will only pay for your exact needs instead of covering the masses.
  • Peter and Dan discuss a range of ideas: what happens to life insurance when you live 30 extra years? What becomes of auto insurance when autonomous cars don’t have accidents?

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