91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply
Upstart (NASDAQ: UPST) has had its share of ups and downs since the fintech went public in late 2020. The company, which uses artificial intelligence (AI) to process loan requests, is currently in a downward trend, with the stock price sliding about 31% year to date. But there are some promising...
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91% of Upstart's Loans Were Fully Automated Last Quarter. No Bank Can Underwrite That Cheaply Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: Biztoc https://a2zai.ai/bytes/91-of-upstart-s-loans-were-f...
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