CNBC Interview: AIG & Anthropic CEOs Discuss Partnership & AI’s Impact | AIG Investor Day 2025

Anthropic's Rapid Growth

• 🚀 Anthropic experienced enormous revenue growth, increasing its run rate by 10x in 2024, from $100 million to roughly $1 billion.
• 📈 This rapid expansion is fueled by continuous underlying improvements to its AI technology and its diffusion into new business applications.

AI Industry Dynamics

• 💡 The cost of producing AI models of a given quality has been decreasing over time.
• 💰 Despite decreasing production costs, the investment in training smarter models is increasing due to the high value placed on advanced intelligence.

Geopolitical AI Landscape

• 🇨🇳 DeepSeek, a Chinese company, has demonstrated the ability to produce AI models comparable in quality to those from US companies.
• 🌍 This development is considered significant from a geopolitical and national security perspective, highlighting China's advancements in AI.

Anthropic's Partnership Approach

• 🤝 Anthropic views cloud providers like Amazon and Google as key partners, providing compute resources for model development and deployment.
• 🎯 The strategy is to deploy models on as many platforms as possible (e.g., AWS, GCP) to reach a diverse range of customers and maximize accessibility.

AIG's Partner Selection

• ✅ AIG's CEO, Peter Zaffino, emphasizes alignment on outcomes with fellow CEOs as a crucial first step in forming partnerships.
• 🛠️ Key criteria include the partner's investment in advancing technology (like large language models) and their willingness to develop and test software prototypes.
• 💼 AIG is specifically applying large language models to enhance underwriting processes within the insurance industry.