A new company is using artificial intelligence to help insurers price wildfire insurance, reports Axios. 

A startup is using machine learning and better data to more accurately assess wildfire risk for insurers.

According to the University of Washington, it will be one of the NSF’s artificial intelligence research institutes, it will focus on applying AI to dynamic systems. 

The U.S. National Science Foundation today announced 11 new artificial-intelligence research institutes, including one led by the University of Washington. These institutes are part of a $220 million investment spanning seven research areas in AI. Each institute will receive about $20 million over five years.

The National Science Foundations is establishing 11 new artificial intelligence research institutes, reports the National Science Foundation. 

Today, the U.S. National Science Foundation announced the establishment of 11 new NSF National Artificial Intelligence Research Institutes, building on the first round of seven institutes funded in 2020. The combined investment of $220 million expands the reach of these institutes to include a total of 40 states and the District of Columbia.