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.
Loading...
We also reached an all-time high of 92% of loans fully automated - meaning the entire process from rate request to loan closing is entirely driven by AI-powered software, with no human intervention by Upstart.
- Dave Girouard
Similar Companies in the Swift AI Index
Quotes from upstart Executives About Artificial Intelligence and Generative AI
I'm excited to share more about this with you, which I expect to do at our AI Day event next week.
- Dave Girouard
We continued to stack up model wins, putting more distance between Upstart AI and the rest of the industry.
- Dave Girouard
...our model can learn that these cards might reflect similar consumer behaviors. What makes this approach so powerful is that embeddings help us uncover subtle patterns that would be difficult - or even impossible - to identify otherwise.
- Dave Girouard
...Embeddings are a real breakthrough for our AI foundation model, and I'm convinced it will pay dividends across all of our products over time.
- Dave Girouard
...in Q1 we realized a 50% increase in debt settlement acceptances by extending repayment terms for at-risk borrowers. In our auto business, we doubled our recovery rates year-over-year in Q1.
- Dave Girouard