Tech
How Technology Is Disrupting Home Insurance: Lemonade Inc. CEO Daniel Schreiber | CNBC
Daniel Schreiber, Lemonade Inc. CEO, talks about using artificial intelligence to reinvent the way insurance claims are processed.
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How Technology Is Disrupting Home Insurance: Lemonade Inc. CEO Daniel Schreiber | CNBC
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U.S. chip manufacturing faces a shortage of up to 157,000 skilled workers by 2030, a matter of concern for companies like Samsung.
Schools including Purdue and Arizona State have new semiconductor degree programs, and all the biggest chipmakers are investing millions to create pipelines of U.S. chip talent.
CNBC’s Katie Tarasov has the details. Watch the related video for full report.
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CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
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CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
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AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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The Race To Power AI Is Reshaping America’s Electric Grid
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A leak by Indian supplier Tata Electronics, purportedly of the yet-to-be-released iPhone 18 Pro models, has become marketing gold for the Chinese government. The Communist Party paper, The Global Times, is using the leak – caused by a cyberattack – as a cautionary tale for Apple and other American companies that are in the process of diversifying their supply chains away from China. CNBC’s Eunice Yoon reports.
00:58 Correction: The location tag should be Beijing, China.
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh
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China’s Swagger After India’s iPhone 18 Leak
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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@couponuser
December 24, 2023 at 6:33 am
This reminds me of esurance, which got bought by Allstate. Wouldn't surprise me if it happens to this company.
@likemysnopp
December 24, 2023 at 6:33 am
Oh come on.. how many times have we seen this by now. "we have no interest in your money" and then a few years later they sell your data for profit. I would rather pay someone and that they have no data on me at all, then to have my personal information sold to who ever pays the most.
@walterwine
December 24, 2023 at 6:33 am
Lemonade will be the Amazon of insurance
@slavenfigures9630
December 24, 2023 at 6:33 am
Can’t wait for them to get to Minnesota. Leaving GEICO and everything else behind.
@jimmydoan007
December 24, 2023 at 6:33 am
LMND $4119 vs Allstate $2500, it is a no-brainer for me. I have two properties and both were higher quotes! There is no way I would invest in LMND just yet.
@dukeimus
December 24, 2023 at 6:33 am
Farmer Insurance just raised my cost. I called them why? I haven’t had accident or ticket for my entire 10 years of driving. The agent said because of COVID. I said wtf?!?!
@michaelrodriguez6984
December 24, 2023 at 6:33 am
How do they prove these claims? A lot of scamming is going to be going on.
@marc_1285
December 24, 2023 at 6:33 am
Is that an interview or a police interrogation? Can you let the person speak dude?
@tusoyoung
December 24, 2023 at 6:33 am
You don't know them well until you file a claim, and Lemonade was like my AIexa. Reimbursed me everything right away in a new york minute. Everything was so easy, from buying to filing a claim. I don't care if my premiums go up next year after my homeowners claim. I'm staying with them for life.
@loopbloke
December 24, 2023 at 6:33 am
The time of amazing rates is over as lemonade quoted me high for last 3 times. However, still,, lemonade makes it easy to buy and for claims.
@GordonGreenCincinnati
December 24, 2023 at 6:33 am
Great information from the CE. However tthe way you cut them off with CNBC rock ‘n’ roll in the last 30 seconds it’s so old school and deeply aligns against the mindset of the company in which you are showcasing.
Get with the times. Find a better way to cue a segment change.
@deepittman4941
December 24, 2023 at 6:33 am
Lemonade is a scam! A lot of people are falling for this scam that only works through email, no letters no phone call, they ask stupid questions months later after the start of the policy instead of before the policy
@SourSensei
December 24, 2023 at 6:33 am
Yes about time. These old heads forgot what it was like to be human!
@markpcola3494
December 24, 2023 at 6:33 am
Progressive Car Insurance Quotes
4200 W Colonial Dr #347
Orlando, FL 32808
(843) 279-5234
@MelodicMotives
December 24, 2023 at 6:33 am
So far, companies have focused primarily on customer-facing applications. But some insurers are beginning to realize that digital means much more than cool and convenient apps for consumers; it is a force that will touch and reshape the very core of their business. Yet firms will reap the full benefit of digital technology only when they embrace its potential along the entire insurance value chain, including underwriting and claims management.