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

Devin Parekh of Insight Partners explains why the $90 billion firm is deliberately diversifying its AI investments instead of focusing solely on OpenAI and Anthropic. While other firms make concentrated bets, Insight Partners maintains stakes in rival AI labs to mitigate risks and foster innovation across various industries. This strategic approach aims to reshape the software sector by avoiding over-reliance on a single entity, ensuring a broader portfolio despite losing Legora to General Catalyst.