AI Index / Upstart Holdings, Inc.
Upstart Holdings, Inc. (UPST)
Upstart -- a fintech company that generates revenue from personal loans, auto loans and small-dollar loans -- leverages AI tohroughout its operation, with models that enhance accuracy in credit pricing and fraud detection. The company’s Model 18 incorporates APR as both input and output, allowing for more precise predictions. With high levels of automation (91% of loans processed without manual intervention), Upstart relies on AI to streamline loan approvals and expand its lending operations.
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I'm happy to report that we continue to strengthen Upstart's position as the FinTech leader in artificial intelligence.
- Dave Girouard
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Quotes from upstart Executives About Artificial Intelligence and Generative AI
Our velocity at delivering AI wins has never been better.
- Dave Girouard
In our core personal loan product, we continue to innovate on our ability to rapidly launch increasingly sophisticated models.
- Dave Girouard
...our model training and deployment represent the state-of-the-art in the new street app [ph] for the most part has yet to discover the power of predictive AI.
- Dave Girouard
...we're particularly focused on leveraging machine learning to customize the borrower experience and improve repayment rates; and this effort is beginning to pay off.
- Dave Girouard
...we began exploring the use of large language models to reduce our spend even further.
- Dave Girouard