Leading insurers such as AIG, Great American, and WR Berkley have approached U.S. regulators to seek approval for excluding AI-related risks from their corporate insurance policies. An underwriter described the AI outputs as "too much of a black box," highlighting the uncertainty involved in assessing these liabilities, according to the Financial Times.
Eli Lilly made history by becoming the first healthcare company to reach a $1 trillion market capitalization, driven largely by the rapid growth and popularity of its weight-loss drugs.
Recent research reveals that fewer than 25% of marketers share full agreement with their CFOs on key metrics and budget decisions, highlighting a significant gap in alignment between these roles.
Coverbase, a San Francisco-based AI procurement platform established in 2024, has raised $16 million in a Series A funding round led by Canapi Ventures. The startup revolutionizes vendor onboarding by integrating AI to enhance security and compliance for large enterprises across highly regulated sectors such as finance, healthcare, and technology. With notable customers including Coinbase, Okta, Nationwide, and the Navy Federal Credit Union, Coverbase automates risk and compliance decisions throughout procurement, accelerating vendor onboarding processes while mitigating security risks. The company’s co-founders, Clarence Chio and Kao Zi Chong, bring strong industry experience, having previously worked with fintech and fraud prevention technologies. Coverbase plans to allocate funds towards expanding contract management capabilities and boosting its sales team amidst rapid customer growth.
Kalshi, a rapidly expanding prediction betting platform, has secured a significant capital injection from top-tier investors Sequoia and CapitalG, sources reveal. This fresh funding round highlights growing investor confidence in the prediction market space, positioning Kalshi for further innovation and market growth.
Many founders focus obsessively on managing cash flow, but there's a silent and often overlooked risk lurking that can derail a business more quickly than running out of money.
Kraken's co-CEO has shared insights into the company's upcoming initial public offering, marking a significant milestone for the cryptocurrency powerhouse.
Venture capital funds are taking much longer to mature than initially anticipated, forcing limited partners to reconsider and redesign their investment allocation strategies.
Sphere provides automation for tax registration, calculation, filing, and remittance tasks for businesses. According to Nicholas Rudder, Sphere assists companies in collecting taxes on customer transactions and ensuring timely remittance to tax authorities, either monthly or quarterly.
Kevin Carter has invested in over a thousand companies, with many achieving billion-dollar valuations. However, he emphasizes that venture capital is not the right choice for every business.
