SoftBank reportedly slashes OpenAI-backed loan from $10 billion to $6 billion as lenders balk at private AI valuations

SoftBank has reduced a loan secured by OpenAI shares from 10 to around 6 billion dollars. Lenders are apparently reluctant to reliably assess the value of an unlisted company like OpenAI. <br /> [...]

How an Oregon court became the stage for a $115,000 showdown between Meta and Facebook creators

Some of the most successful creators on Facebook aren't names you'd ever recognize. In fact, many of their pages don't have a face or recognizable persona attached. Instead, they run pa [...]

Marble enters the race to bring AI to tax work, armed with $9 million and a free research tool

Marble, a startup building artificial intelligence agents for tax professionals, has raised $9 million in seed funding as the accounting industry grapples with a deepening labor shortage and mounting [...]

Major insurers seek to exclude AI-related risks from corporate policies

Several large insurers, including AIG, Great American, and WR Berkley, have filed requests with U.S. regulators to exclude AI-related risks from their corporate insurance policies, according to the Fi [...]

Insurers turn to generative AI for catastrophe modeling, but hallucinations and sales logic could get in the way

Diffusion models generate tens of thousands of plausible weather events where historical data doesn't exist. Insurers are hoping for more precise risk assessments. Researchers warn about hallucin [...]

Ascentra Labs raises $2 million to help consultants use AI instead of all-night Excel marathons

While artificial intelligence has stormed into law firms and accounting practices with billion-dollar startups like Harvey leading the charge, the global consulting industry—a $250 billion behemothâ [...]

Insurers Aren’t Saying Whether They’ll Cover Vaccines for Kids if Government Stops Recommending Them

RFK Jr.’s vaccine advisory board could stop recommending some routine childhood immunizations, leaving insurers to decide whether to still cover them. For now, most are remaining tight-lipped. [...]

Corporate insurers are starting to back away from AI risk

As AI-related lawsuits explode, major insurers are quietly adding exclusions that could leave businesses exposed to the technology’s mistakes. [...]

Four key questions insurers must answer to embrace AI effectively

Insurers need to run, not walk, to AI in the Cloud, but should ask these four questions first. [...]