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OpenAI and Microsoft to reset partnership
Insurers launch Insurance for AI hallucination
Algot Persson
May 11, 2025
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In Today’s Issue:
OpenAI and Microsoft to reset partnership
Insurers launch cover for AI hallucination
Read time: 2 minutes
OpenAI and Microsoft to reset partnership
The OpenAI and Microsoft partnership began in July 2019 when Microsoft invested $1 billion to develop AGI. This also included Microsoft becoming the main cloud provider onward. The Financial Times posted today that the terms are changing now. Microsoft is giving up its equity stake for access to future models, beyond 2030, when the contract runs out. Microsoft has a $13.75 billion stake in OpenAI as of now.
According to people with a direct relationship to the companies, negotiations are hard partly because of a cooling between the companies. One senior employee from Microsoft called Sam Altman’s attitude “to give OpenAI compute and stay out of the way: to be a ride along” arrogant.
Is Sam Altman wise to take a more "selfish" stance? |
Microsoft and OpenAI
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Insurers launch cover for AI hallucination
What are the stakes when AI hallucinations cause major damages, such as mismanagement of funds or confidential data leaks in regulated industries? Undoubtedly high. Insurers in Lloyd's of London have launched a product to cover potential court fees. Its policies are written by startup Armilla, backed by Y-combinator. Armilla will judge chatbots and judge how prone it is to degradation. Their policy will not pay out for single mistakes, but rather a number of mistakes, such as a chatbot going from a 95% success rate to an 85%.
Previous examples of AI chatbots hallucinating have been a Virgin Money chatbot that cursed at a customer for using the word “virgin”. An Air Canada chatbot offered made up discounts in the chat, which Air Canada later chose to honour.
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