Keeping track of my new business ideas. A couple of things to note: A) this is just to exercise the brain. B) most of these ideas are probably bad . I don't judge them here but when I write them I still try to think of "good" ideas in order to maximally exercise my brain. C) Feel free to steal any ideas and give me no credit. Again, the idea of writing this is to just exercise. D) If you want to MAKE any of these ideas with me, let me know!
1. Alpha Insurance (AI based insurance).
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First, we'd have to do an experiment to create a dataset to learn from. Offer 10,000 people money to install an extension that checks out their emails. The software notes grammar, spelling, content, sentiment analysis, etc on the emails and builds a vector of all of these heuristics for each user. Then we look at the person's insurance during the test period. Did they require more insurance or less? The datasets are divided into two: "good" or "bad" for insurance risk.
Then, when a new customer comes in, he/she's email is analyzed the same way and then statistically matched vs the good or bad set. If they match "good" then the insurance company lowers their rates. Similar to an idea from Kai-Fu-Lee's book 2041.
