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Rillet raises $100M Series C at $1B valuation — 2 years after emerging from stealth
NewsAugust 19, 20262 min read

Rillet raises $100M Series C at $1B valuation — 2 years after emerging from stealth

AI accounting startup Rillet announced a $100 million Series C at a $1 billion valuation on Tuesday, led by Iconiq. Returning investors included Andreessen Horowitz and Sequoia. Rillet, which emerged…

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Tokio Marine premiums to hit $45.4b by 2028
NewsAugust 19, 20262 min read

Tokio Marine premiums to hit $45.4b by 2028

Morningstar sees total revenue rising to $57.6b as rate hikes offset higher claims. Tokio Marine Holdings expects steady premium growth and stronger shareholder returns over the next few years, supported…

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Researchers say OpenAI revoked their access to limited cyber program
NewsAugust 19, 20263 min read

Researchers say OpenAI revoked their access to limited cyber program

Several security researchers say OpenAI suddenly revoked their access to a limited-access program that removes some restrictions on using its AI tools for cybersecurity research. OpenAI confirmed that the issue…

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Google packs Search and Gemini with new AI study tools
NewsAugust 19, 20263 min read

Google packs Search and Gemini with new AI study tools

Google on Wednesday announced a slew of new study tools across Search and Gemini, including AI-generated interactive visuals, 3D simulations, a decided student hub, customized practice quizzes, and more. The…

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AI was supposed to win people over by now — it hasn’t
NewsAugust 19, 20265 min read

AI was supposed to win people over by now — it hasn’t

Despite its technological progress, AI’s reputation out in the real world is getting worse. On Wednesday, Axios reported that the National Republican Senatorial Committee sent a memo to top AI…

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HDI Global names Schulte-Schrepping liability head
NewsAugust 19, 20261 min read

HDI Global names Schulte-Schrepping liability head

He takes charge of the worldwide Liability Global Risk portfolio from 1 July. Kai Schulte-Schrepping is appointed as the new head of Liability Global Risk at HDI Global, effective 1…

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T-Mobile ‘chopped a cable’ to expel Chinese hackers from its network
NewsAugust 19, 20262 min read

T-Mobile ‘chopped a cable’ to expel Chinese hackers from its network

New reporting from Bloomberg revealed how cybersecurity staff at U.S. phone provider T-Mobile identified and expelled Chinese hackers from its network in 2024 during a spate of industry-wide intrusions by…

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This week in insurance: Cathay platform launches, Vietnam payouts issued, Tokio Marine sets 2035 vision
NewsAugust 19, 20262 min read

This week in insurance: Cathay platform launches, Vietnam payouts issued, Tokio Marine sets 2035 vision

Shriram General Insurance also plans to expand cover in smaller towns. The insurance market from 25 to 29 May saw a wave of digital platform launches, strategic partnerships to expand…

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Baringa warns insurers’ AI ambitions outpace results
NewsAugust 19, 20262 min read

Baringa warns insurers’ AI ambitions outpace results

Human staff would still handle judgement calls oversight and exceptions. Insurers are increasing their use of artificial intelligence (AI), but many are still struggling to turn early projects into business-wide…

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This tiny, magnetic e-reader could stop you from doomscrolling
NewsAugust 19, 20267 min read

This tiny, magnetic e-reader could stop you from doomscrolling

It was love at first sight. It felt like scouring the mall, dipping in and out of sprawling department stores in search of a specific, elusive item, only to finally…

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