Articles Tagged "AI Industry"

Blue Cross: AI Coding Adds $942M to Hospital Bills

Blue Cross: AI Coding Adds $942M to Hospital Bills

A Blue Cross Blue Shield Association analysis of claims covering a third of Americans found hospitals' AI coding tools added $942 million in costs over two years with no matching change in patient care.

Anthropic Founders Seek 50.1% Votes on 2% Stakes

Anthropic Founders Seek 50.1% Votes on 2% Stakes

Anthropic's seven co-founders want permanent majority voting control before the IPO, while owning about 2% of the company each - a structure that puts them at odds with the Trust, labor investors, and index funds.

VideoVerse's $250M Exit Collapsed Into Fraud Suits

VideoVerse's $250M Exit Collapsed Into Fraud Suits

Minute Media's purchase of AI video startup VideoVerse fell apart after the deal closed, and three separate Delaware lawsuits now accuse founder Vinayak Shrivastav of forging signatures to extract tens of millions.