Dais Technology Integrates No-Code Platform with Verisk's RaaS
In a significant move within the insurance tech industry, Dais Technology, a trailblazer in no-code insurance technology, has recently joined forces with Verisk. The partnership aims to integrate Dais's platform with Verisk's cloud-based Rating-as-a-Service (RaaS). This strategic alliance paves the way for a real-time rating of insurance policies, accelerating product deployment, simplifying product maintenance, and reducing costs for carriers and MGAs. The partnership also promises to provide the tools needed for efficient deviation management and the rapid development of unique insurance products.
Dais's no-code platform is set to revolutionize the insurance industry. It brings to the table a quoting user interface, advanced deviation management, and developer tools – all without writing a single line of code. This no-code approach is expected to save carriers and service integrators time and expense. You can read more about the partnership here.
Alibaba's Cloud Computing Division Gears Up for IPO
Alibaba, the e-commerce giant, has announced that it is cutting 7% of the workforce in its cloud computing division. This comes as the unit gears up for an initial public offering. Despite the recent slow growth in revenue, Alibaba's CEO, Daniel Zhang, sees cloud computing as a pivotal part of the company's future. With this move, the company aims to adjust its revenue structure and concentrate on high-quality growth.
Although Alibaba's cloud business currently accounts for just 9% of the group's total revenue, it has made significant strides in recent years. It holds the number one position by market share in China and number two in Asia-Pacific. Yet, it continues to trail behind global giants Amazon, Microsoft, and Google. For more information on Alibaba's cloud business and the upcoming IPO, visit this link.
Tools for Humanity Raises $115 Million in Funding
Lastly, the crypto startup Tools for Humanity, co-founded by OpenAI CEO Sam Altman, has raised an impressive $115 million in funding. The startup is the creative mind behind the cryptocurrency project Worldcoin. Its ambitious mission is to create a unique digital ID for every person on the planet. The company plans to accomplish this by scanning users' irises, thus creating unique digital identities based on blockchain technology. Find out more about Tools for Humanity's vision and recent funding here.