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AIUC, a startup creating insurance for AI agents, emerges from stealth with $15 million seed

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Today, the Artificial Intelligence Underwriting Company (AIUC) is emerging from stealth with a $15 million seed round led by Nat Friedman at NFDG, with participation from Emergence, Terrain, and notable angels including Anthropic cofounder Ben Mann and former CISOs from Google Cloud and MongoDB. The company’s goal? Build the insurance, audit, and certification infrastructure needed to bring AI agents safely into the enterprise world.

That’s right: Insurance policies for AI agents. AIUC cofounder and CEO Rune Kvist says that insurance for agents—that is, autonomous AI systems capable of making decisions and taking action without constant human oversight—is about to be big business. Previously the first product and go-to-market hire at Anthropic in 2022, Kvist’s founding team also includes CTO Brandon Wang, a Thiel Fellow who previously founded a consumer underwriting business, and Rajiv Dattani a former McKinsey partner who led work in the global insurance sector, and was COO of METR, a research non-profit that evaluated OpenAI and Anthropic’s models before deployment.

Creating financial incentives to reduce risk of AI agent adoption

At the heart of AIUC’s approach is a new risk and safety framework called AIUC-1, designed specifically for AI agents. It pulls together existing standards like the NIST AI Risk Management Framework, the EU AI Act, and MITRE’s ATLAS threat model—then layers on auditable, agent-specific safeguards. The idea is simple: make it easy for enterprises to adopt AI agents with the same kind of trust signals they expect in cloud security or data privacy.

“The important thing about insurance is that it creates financial incentives to reduce the risk,” Kvist told Fortune. “That means that we’re going to be tracking, where does it go wrong, what are the problems you’re solving. And insurers can often enforce that you do take certain steps in order to get certified.” 

While there other startups also currently working on AI insurance products, Kvist said none are building the kind of agent standard that prevents risks like AIUC-1. “Insurance & standards go hand-in-hand to create confidence around AI adoption,” he said. 

“AIUC-1 creates a standard for AI adoption,” said John Bautista, partner at law firm Orrick and who helped create the standard. “As businesses enter a brave new world of AI, there’s a ton of legal ambiguities that hold up adoption. With new laws and frameworks constantly emerging, companies need one clear standard that pulls it all together and makes adoption massively simple,” he said.

A need for independent vendors

The story of American progress, he added, is also a story of insurance. Benjamin Franklin founded the country’s first mutual fire insurance company in response to devastating house fires. In the 20th century, specialized players like UL Labs emerged from the insurance industry to test the safety of electric appliances. Car insurers built crash-test standards that gave birth to the modern auto industry.

AIUC is betting that history is about to repeat. “It’s not Toyota that does the car crash testing, it’s independent bodies.” Kvist pointed out. “I think there’s a need for an independent ecosystem of companies that are answering [the question], can we trust these AI agents?” 

To make that happen, AIUC will offer a trifecta: standards, audits, and liability coverage. The AIUC-1 framework creates a technical and operational baseline. Independent audits test real-world performance—by trying to get agents to fail, hallucinate, leak data, or act dangerously. And insurance policies cover customers and vendors in the event an agent causes harm, with pricing that reflects how safe the system is.

If an AI sales agent accidentally exposes customer personally identifiable information, for example, or if an AI assistant in finance fabricates a policy or misquotes tax information, this type of insurance policy could cover the fallout. The financial incentive, Kvist explained, is the point. Just like consumers get a better car insurance rate for having airbags and anti-lock brakes, AI systems that pass the AIUC-1 audit could get better terms on insurance, in Kvist’s view. That pushes AI vendors toward better practices, faster—and gives enterprises a concrete reason to adopt sooner, before their competitors do.

Using insurance to align incentives

AIUC’s view is that the market, not just government, can drive responsible development. Top-down regulation is “hard to get right,” said Kvist. But leaving it all to companies like OpenAI, Anthropic and Google doesn’t work either—voluntary safety commitments are already being walked back.  Insurance creates a third way to align incentives and evolves with the technology, he explained. 

Kvist likens AIUC-1 to SOC-2, the security certification standard that gave startups a way to signal trust to enterprise buyers. He imagines a world in which AI agent liability insurance becomes as common—and necessary—as cyber insurance is today, predicting a $500 billion market by 2030, eclipsing even cyber insurance. 

AIUC is already working with several enterprise customers and insurance partners (AIUC said it could disclose the names yet), and is moving quickly to become the industry benchmark for AI agent safety. 

Investors like Nat Friedman agree. As the former CEO of GitHub, Friedman saw the trust issues firsthand when launching GitHub Copilot. “All his customers were wary of adopting it,” Kvist recalls. “There were all these IP risks.” As a result, Friedman had been looking for an AI insurance startup for a couple of years. After a 90-minute pitch meeting, he said he wanted to invest—which he did, in a seed round in June, before Friedman moved to join Alexandr Wang at Mark Zuckerberg’s new Meta Superintelligence Labs. 

In a few years, said Kvist, insuring AI agents will be mainstream. “These agents are making a much bigger promise, which is ‘we’re going to do the work for you,’” he said. “We think the liability becomes much bigger, and therefore the interest is much bigger.” 



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Gen Z grads are now being given ‘resilience’ training at PwC U.K. to toughen up for the job

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Gen Z is often branded a “lazy” generation of workers with no ambition to climb the corporate ladder. But PwC U.K. says the real challenge isn’t motivation—it’s resilience. These young professionals are eager to succeed in their own way, but the pandemic may have left them with gaps in essential skills. So the “Big Four” consulting firm is taking matters into its own hands with “resilience” training for fresh-faced hires. 

“Quite often we are struck that the graduates [who] join us—who are meeting all the cognitive tests we’ve set—they don’t always have the resilience,” Phillippa O’Connor, chief people officer at PwC U.K., recently toldThe Sunday Times. “They don’t always have the human skills that we want to deploy onto the client work we pass them towards.”

“We’ve really doubled down, particularly [with] this year’s graduates,” O’Connor continued. “We’re doing a whole load of separate training in their first six months with us, really about resilience, really about some of those communication skills.”

The executive described resilience as the ability to handle day-to-day work dynamics—especially pressure, criticism, or sticky situations. That skill, she said, is particularly crucial in a deal-making environment, where managing challenges is a “core” part of the job.

According to O’Connor, many younger workers simply didn’t get the chance to build that muscle during the pandemic, when lockdowns disrupted education and early workplace experiences that would normally help develop it.

But by offering this special training, PwC is ensuring the talent that fills its 1,300 open U.K. graduate jobs this year—which received around 47,000 applications—are well-equipped to succeed. 

Fortune reached out to PwC for comment. 

Companies are offering Gen Z special training 

PwC’s “resilience” training is just one example of how employers have been stepping up to ensure Gen Z is primed to succeed in the workforce. 

In 2023, fellow “Big Four” consulting giant KPMGsupplied extra instruction to its Gen Z hires. The business provided training for its graduate talent, out of concern they were struggling to adapt to professional life—particualry when it came to “soft skills,” how to give presentations, work in a team, and manage projects. 

The chief people officer of $1.5 billion data protection start-up Cohesity, Rebecca Adams, has also pushed for inter-generational cohesiveness. 

Earlier this year the executive led the charge to skill bosses in managing the young professionals, citing that Gen Z responds to feedback differently: “They want to know why, how—they want constant feedback.” On the flipside, she described having to teach “basic things” to young staffers that would mind-boggle their Gen X counterparts. 

“How do I manage my calendar? You actually have to accept the meeting request,” Adams explained toFortune in September. “You can’t just walk out of the meeting that you’re in because you have another one while it’s still going on.”

Charitable organizations are also stepping up to solve Gen Z’s professional pitfalls. Radical Hope is a nonprofit helping equip college students with essential skills including communication, interpersonal dexterity, and emotional intelligence. It began as a pilot program at New York University back in 2020, after experts noted “elevated anxiety, stress, and depression” among students within the previous years—and has spread to 75 college campuses so far.  

Liz Feld, the CEO of Radical Hope, hopes the Gen Z trainees will become adept in the skills “we all got growing up at the kitchen table.” Even the little things, like small talk, can be a challenge for the young hopefuls striving to one day succeed in the workplace. 

“They won’t ask someone, ‘Do you want to go to the dining hall and grab dinner, you want to go grab a beer, you want to go for a walk, you want to get a coffee?’” Feld told Fortune, adding that if someone says “no,” their confidence is crushed. “They internalize the whole thing. The face-to-face rejection is what they’re afraid of.”



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Meetings are not work, says Southwest Airlines CEO—he’s blocking his calendar every afternoon, Wednesday to Friday

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Business leaders are raising the alarm: meetings have taken over, and real work is being left behind. And Southwest Airlines CEO Bob Jordan is the latest to speak out on the phenomenon—arguing that many leaders mistake constant meetings for leadership.

“When you first start, it’s easy to confuse busyness and going to meetings with leadership,” Jordan said last week on a panel of CEOs at The New York Times DealBook Summit. “…Because what we all find, I’m sure, is there’s no time to ‘work’ and you confuse going to meetings with the work.”

Over the years, Jordan’s solution has been increasingly straightforward: protect his time. For 2026, his goal is to keep his calendar completely clear every Wednesday, Thursday, and Friday afternoon—blocking anyone from booking meetings during those hours.

While he acknowledges that approach might sound “crazy” to some executives, he said CEOs are hired to do work only they can do—and that rarely happens when they are trapped in back-to-back meetings. 

“It’s so that you can work on things you need to work on. You can think about what’s important right now. You can call people you need to talk to,” Jordan added.

The approach may be paying off. Despite a rocky year for the airline industry, Southwest posted a surprise profit in its most recent quarterly earnings report. Year-to-date, its stock price is up about 23%.

Fortune reached out to Southwest Airlines for further comment.

Meetings have become the bane of existence for employees and employers alike

Jordan isn’t alone in his frustration. Meetings have become a shared pain point for both workers and executives.

During the pandemic, meetings took on an almost emotional-support role—an attempted substitute for in-person interaction amid lockdowns. With no need to wait for a free conference room, calendars quickly filled up.

But now, nearly 80% of people say they’re drowning in so many meetings and calls that they barely have time to get any real work done, according to a 2024 Atlassian study which surveyed 5,000 workers across four continents. About 72% of the time, meetings are deemed ineffective.

That backlash has prompted a growing number of executives to aggressively prune—or outright eliminate—meetings from corporate schedules, sometimes carving out entirely meeting-free days. Still, some experts warn that getting rid of meetings altogether is a strategy that could risk removing any sense of belonging with the organization and backfire in the long term.

“Meetings don’t need to be banished completely; it’s just the ineffective, time-wasting ones that do,” Ben Thompson, CEO and cofounder of Employment Hero, previously told Fortune.

How Nvidia and JPMorgan Chase tackle meeting overload

Other CEOs have adopted their own unconventional approaches.

Nvidia’s CEO Jensen Huang, for instance, does not have one-on-one meetings with his more than 50 direct reports. Doing so, he has said, would not only overwhelm his schedule but also slow the broader team’s capacity to address challenges, work effectively, and maintain transparency.

“Our company was designed for agility—for information to flow as quickly as possible. For people to be empowered by what they are able to do, not what they know,” Huang said at Stanford University last year.

At JPMorgan Chase, CEO Jamie Dimon has taken a more blunt approach. In his annual letter to shareholders released last spring, he urged employees to rethink whether meetings are worth having at all.

“Here’s another example of what slows us down: meetings. Kill meetings,” he wrote. “But when they do happen, they have to start on time and end on time – and someone’s got to lead them. There should also be a purpose to every meeting and always a follow-up list.”

Efficiency has become an even higher priority as JPMorgan has pushed employees back into the office five days a week. Meetings, Dimon has emphasized, should command full attention.

“None of this nodding off, none of this reading my mail,” Dimon echoed at Fortune’s Most Powerful Women Summit in October. “If you have an iPad in front of me and it looks like you’re reading your email or getting notifications, I tell you to close the damn thing. It’s disrespectful.”



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Bittensor just halved its supply. Here’s what that means

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Early on Monday, the supply of new cryptocurrency tied to Bittensor—a decentralized network of AI projects—dropped by half. The halving was the first the currency has experienced and came about by design, reflecting how Bittensor shares the same anti-inflationary architecture as Bitcoin. The event also serves a milestone for one of the most novel and ambitious cryptocurrencies to launch in years.

Currently, Bittensor has a market capitalization of $2.7 billion, according to the crypto analytics site CoinGecko. That pales in comparison to Bitcoin but is number 50 on the list of most popular cryptocurrencies. It also enjoys the backing of influential crypto billionaire Barry Silbert. At a time when AI is dominating the economy and the political discourse, Bittensor offers the promise of a decentralized alternative to Big Tech—provided it can keep picking up traction in the crypto world and beyond, and if its price holds up following the new drop in supply.

Here’s an overview of exactly what Bittensor is, who’s betting on its success, and what some crypto prognosticators say will come next after its halving:

What is Bittensor?

Founded by Jacob Steeves, a former Google engineer, in 2019, Bittensor is designed to repurpose the mechanics of Bitcoin for AI. In the world of Bitcoin, owners of fleets of computer servers leverage their processing power to process and secure cryptocurrency transactions. This is called Bitcoin mining.

Similarly, Steeves devised a system where fleets of computers compete to process AI computations. In exchange for their processing power, these “miners” receive Bittensor’s cryptocurrency, TAO. In aggregate, Bittensor is like a decentralized server farm for AI. “How did we create a supercomputer that is bigger than any government or corporation can create with a centralized entity?” Steeves said to Fortune in 2024.

Who’s betting on Bittensor?

Bittensor isn’t the most easily understood tech, but the protocol has had some serious backers. In 2024, the crypto venture capitalist Polychain held around $200 million of the cryptocurrency, another crypto VC Dao5 held $50 million, and the crypto conglomerate Digital Currency Group had around $100 million

Barry Silbert, the billionaire founder of Digital Currency Group, is such a believer in Bittensor that he’s founded his own startup called Yuma that’s dedicated to the cryptocurrency. “It is the thing that I’ve gotten most excited about since Bitcoin,” he said.

When did Bittensor halve and what will come next?

On Monday at 8:30 a.m. New York time, Bittensor reduced the amount of daily tokens it issues from 7,200 to 3,600. Like Bitcoin, the supply of Bittensor’s cryptocurrency is capped at 21 million.

In a research note, analysts at Grayscale, a crypto ETF issuer and a subsidiary of Barry Silbert’s Digital Currency Group, said that the halving could be a “positive catalyst for price.” Just a week before, the ETF issuer announced that trading in the U.S. had begun for a vehicle that gives investors exposure to Bittensor.

Sami Kassab, managing partner at Unsupervised Capital, a hedge fund dedicated to Bittensor, was similarly optimistic. “Halvings aren’t complicated. Historically, halvings have been bullish because there’s simply less inventory hitting the market, “ he said. “The same logic applies to TAO.”

Still, over the past 24 hours, the price of Bittensor’s cryptocurrency has dropped about TK% to $TK. That doesn’t mean the halving was a bust since the market often prices in such events ahead of time and, in the case Bitcoin, has often spurred subsequent booms. When Bitcoin last halved in April 2024, its price hovered around $65,000 shortly afterwards. But, by the end of the year, the world’s largest cryptocurrency had rocketed to above $100,000. 

This is Bittensor’s first halving. Its next will follow in late 2029, according to current projections.



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