So where does this leave us with Upstart? I think there are 2 likely outcomes: (1) The company gets acquired, similar to the example above. (2) The company targets mid/smaller sized banks that don’t want to develop their own internal AI capabilities due to cost
daws
Isn’t it true that UPST by aggregating info from many banking sources would be able to develop a superior AI model, thereby becoming the go to source for good underwriting and decision making. Its model would be prefferred to one developed by any single institution.???
draj