Product Overview of Waterlily.ai
Waterlily.ai is an innovative platform that operates in two distinct but complementary domains: ethical AI-art generation and predictive long-term care planning.
AI-Art Generation
In the realm of AI-art generation, Waterlily.ai is a proof-of-concept application designed to provide an ethical solution to the creation and distribution of AI-generated art. Here are its key features and functionality:
Key Features
- Ethical Compensation: Waterlily.ai ensures that original creators of artwork are compensated for their work. Each time a user generates an image using a particular artist’s style, the artist receives a micropayment, which is distributed via blockchain technology and the Filecoin Virtual Machine (FVM).
- Decentralized Platform: The platform leverages a decentralized edge compute platform called Bacalhau, combined with FVM smart contracts, to deliver an intuitive user experience for generative AI-art. This setup allows for transparent and trustless transactions.
- User Experience: Users can enter text prompts and select an artist style to generate images. These images can then be downloaded or minted as NFTs. The models are trained and fine-tuned on a selection of artist work uploaded by the artists themselves or available in the public domain.
- Artist Revenue Stream: Waterlily.ai offers a new revenue stream for artists by ensuring they are paid royalties for every image generated in their style, providing a fair and transparent way to monetize their work.
Predictive Long-Term Care Planning
In addition to AI-art generation, Waterlily.ai also offers a predictive platform for long-term care planning, particularly focused on seniors. Here are the key features and functionality of this aspect:
Key Features
- Predictive AI Models: The platform uses advanced AI models to predict the likelihood that an aging senior will need long-term care, the age at which they will need it, the number of hours of care required, and the facilities they are likely to use. It also estimates the costs of long-term care and the potential contributions from family members.
- Data-Driven Insights: Waterlily gathers demographic, health, and financial information through a detailed questionnaire to generate personalized care plans. This data is used to forecast a client’s unique cost and care trajectory, leveraging over 500 million data points.
- Holistic Care Planning: The platform provides a holistic approach to care planning, involving family, friends, and trusted advisers in the decision-making process. It offers a client-facing tool that allows for a shared walkthrough of the client’s care plan, enabling more personalized and informed decisions.
- Integration with Financial Services: Waterlily’s AI is integrated with financial services companies to model the return on investment of annuities, long-term care insurance, life insurance riders, and hybrid insurance policies. This integration helps financial professionals offer bespoke advice and build more accurate long-term care plans.
Key Partnerships and Usage
Waterlily.ai is currently used by over 100 financial advisers and is in partnership with companies like Prudential Financial and Financial Independence Group (FIG) to enhance long-term care planning and financial advisory services.
In summary, Waterlily.ai is a multifaceted platform that combines ethical AI-art generation with advanced predictive analytics for long-term care planning, ensuring fairness and transparency in both domains.