How insurance is the backbone for AI industrialisation

AI is transforming industries, with insurance and guarantees helping businesses adopt high-stakes projects confidently.

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James Watt innovated on the Newcombe steam engine by placing a separate condenser for which he was granted a patent in 1769. This innovation increased the efficiency of the steam engine by 75 percent.

It took another seven years for first Watt steam engines to be commercially produced and installed. Little did he comprehend that his mechanical muscle would trigger the Industrial Revolution.

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Note: The results are not exact but very close to the actual.