AFRM shares rise as CEO says AI won’t replace underwriters
Affirm Holdings shares gained about 0.42% overnight after the company launched a transformer-based ML model for real-time underwriting. CEO Max Levchin said in an interview with CNBC that human underwriters could never do what the AI model does, and that AI won’t put them “out of business.”
Shares of Affirm Holdings Inc. 42% in the overnight session late Sunday after the company launched a transformer-based machine learning model for real-time underwriting. In an interview with CNBC, Affirm CEO Max Levchin said human underwriters “could never do…”