Devin Parekh of Insight Partners explains why the $90 billion firm is choosing a diversified AI investment strategy instead of concentrating on the hot bets of OpenAI and Anthropic. He discusses the recent loss of Legora to General Catalyst, his comfort with holding stakes in competing AI labs, and the rationale behind spreading risk across multiple AI startups.
Background
The AI boom has led many venture firms to heavily back a few marquee players like OpenAI and Anthropic, creating a concentrated betting environment.
- Source
- TechCrunch
- Published
- Sep 14, 2026 at 05:30 AM
- Score
- 5.0 / 10