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

Insight Partners managing director Devin Parekh said the $90 billion investment firm is maintaining a diversified AI investment strategy rather than concentrating capital in OpenAI and Anthropic. Parekh also discussed losing Legora to General Catalyst and said Insight is comfortable owning stakes in competing AI laboratories, reflecting continued conviction in the sector despite intense deal competition.