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

Deven Parekh, a managing director at Insight Partners, recently discussed the firm's strategic approach to the current artificial intelligence investment landscape. While many venture capital firms are concentrating their capital heavily on major AI labs like OpenAI and Anthropic, Insight Partners is maintaining a more diversified portfolio. Parekh addressed the firm's loss of Legora to General Catalyst and explained his comfort with holding stakes in competing AI companies. By avoiding a 'bet the farm' strategy, the $90 billion firm aims to mitigate risk and capture value across a broader spectrum of the AI ecosystem. Parekh’s insights highlight a growing debate in the VC world regarding whether to chase the current AI giants or seek opportunities in specialized applications and infrastructure that may offer more sustainable long-term growth as the market matures.