The financial services industry has quietly become an artificial intelligence battleground and Lemonade, ticker LMND , is back in focus putting the 'squeeze' on the massive insurance industry that is seen as analog in the new digital world. The company IPO'd in the summer of 2020 (ouch) and dropped over 80% into the lows set in late 2023. But the company is back on a strong growth trajectory, fueled by the AI boom that could possibly disrupt the antiquated insurance industry that has incumbents with large market share, but are slow to evolve. Lemonade, which reports earnings before the bell Wednesday, is one of the most aggressive adopters of AI in the financial services space aiming to rewrite the economics of insurance from pricing, underwriting, to claims automation. The company is targ
Todd Gordon is adding to this AI financial services play caught up in Tuesday's selloff
CNBC Investing3 hrs ago
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