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Maximilian Schreiner
Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner
Oct 8, 2025
AI and society
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Read full article about: OpenAI and Anthropic could use investor funds to cover multi-billion dollar AI lawsuits

OpenAI and Anthropic are considering using investor funds to cover potential multibillion-dollar lawsuits after insurers refused to provide comprehensive coverage for AI-related risks, according to the Financial Times.

People familiar with the matter said OpenAI has secured only about 300 million dollars in insurance for emerging AI risks—a small fraction of what would be needed to handle ongoing lawsuits that could reach into the billions. The company is now weighing a form of self-insurance, drawing from its roughly 60 billion dollars in investor funds.

Anthropic, meanwhile, is already using internal resources to help fund a 1.5 billion dollar settlement. The FT reports that insurers have grown wary of so-called "nuclear verdicts"—unprecedented damage awards against young tech firms developing high-stakes technologies.

Comment Source: FT
Maximilian Schreiner
Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner
Oct 6, 2025
AI and society
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Read full article about: More than half of all venture capital money will flow into AI start-ups in 2025

Venture capitalists have already invested $192.7 billion in AI startups in 2025 - a new record. For the first time, more than half of all global VC funding is flowing into AI, according to an analysis by PitchBook.

Major players like Anthropic and xAI have secured multi-billion dollar rounds, while smaller startups outside the AI sector are finding it harder to raise money. Kyle Sanford at PitchBook describes the result as a split market - it's either AI or not.

In the US, 62.7 percent of VC funding went to AI companies, compared to 53.2 percent worldwide. In total, global VC investment for 2025 stands at $366.8 billion, with $250.2 billion coming from the US.

Comment Source: Bloomberg