Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic

Devin Parekh, managing director at Insight Partners, stated the firm is maintaining a diversified investment approach across multiple artificial intelligence companies rather than concentrating capital in OpenAI and Anthropic. Insight Partners, which manages $90 billion, previously held an investment in Legora that transferred to General Catalyst. Parekh said the firm is comfortable holding stakes in competing AI laboratories simultaneously. The approach contrasts with other investors who have concentrated their AI investments in the two largest generative AI companies.

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