Insurers spurn multibillion AI claims

Insurers balked at multibillion-dollar claims tied to OpenAI and Anthropic, industry sources said, deepening investor and market concern about the financial risks of the AI boom.

Kathimerini

Dimon: JPMorgan spends $2 billion on AI development

JPMorgan Chase & Co. spends about $2 billion a year on developing artificial intelligence technologies and, according to CEO Jamie Dimon, already saves an equivalent amount from using them.

Reposts 1 15h

Financial Times

Insurers balk at multibillion-dollar claims faced by OpenAI and Anthropic

Companies struggle to assess scale of financial risks emerging from artificial intelligence

Reposts 0 5h

New York Times

Is AI investment getting too circular?

Skeptics of a recent investment spree involving OpenAI and others say deals raise questions about the robustness of the artificial intelligence boom.

Reposts 1 20h