Pagaya's Profitability Milestone: What It Means for AI Lending and Beyond Pagaya Technologies' record $45 million profit is a significant milestone in the journey of AI lending, but it's essential to separate hype from reality.
The company's second quarter results demonstrate that its machine learning models can indeed drive profitability, but the question remains whether this is sustainable in the long term.
One notable aspect of Pagaya's performance is the growth of its network volume, which rose by 33% to $3. 5 billion in the second quarter.