How Alex Karp built Palantir

The low point in Palantir’s very first quest for investors came during a pitch meeting in 2004 that CEO Alex Karp and some colleagues had with Sequoia Capital, which was arguably the most influential Silicon Valley VC firm. Sequoia had been an early investor in PayPal; its best-known partner, Michael Moritz, sat on the company’s board…

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AI is too risky to insure, say people whose job is insuring risk

What happens when the software that everyone’s racing to adopt becomes too risky for anyone to insure? According to reporting from the Financial Times, we’re about to find out. Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the…

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