Reported 2 days ago
The Artificial Intelligence Underwriting Company (AIUC) has recently emerged with a $15 million seed funding to create an insurance framework specifically for AI agents that operate autonomously. Founders including CEO Rune Kvist and CTO Brandon Wang are developing the AIUC-1 standard to help enterprises safely adopt these technologies while minimizing risks. By establishing insurance policies linked to the performance standards of AI agents, AIUC aims to align financial incentives and foster trust in the market, potentially creating a $500 billion industry by 2030.
Source: YAHOO