Charles HudsonFounder and Managing Partner, Precursor Ventures

Is AI really coming for your job — or are we just caught in a tech panic?

17 May 2025 · 1 min

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A short conversational excerpt from a May 17, 2025 video discussion about corporate responses to AI risks and investments. Speakers mention an FT report that Lloyd's of London offered insurance covering losses from malfunctioning AI tools, and debate whether companies overinvest or later rationalize excessive AI spending. The tone is speculative and cautionary about risk management and corporate memory.

Chapters

The last thing I will say is, like, on the other side of the coin, I think the Financial Times released a piece that said the insurer Lloyds of London released a product to cover companies for the losses caused by malfunctioning AI tools. Really, there's enough issues that people are kind of asking, how do I protect myself? So you kind of shared, like, the meteorite, what if, I don't know, you overpaid for that protection in the long run, and then now you're kind of hemorrhaging out.
I think the Internet has short memory, and I think for the companies that overinvest in AI and maybe go too crazy, they'll just say it was transformative tech. It was the thing of the moment. We were total, totally comfortable being excessive, but we weren't willing to underinvest.