Lee Harris / Financial Times:
Documents and sources: insurers including QBE and Beazley are moving to cap cyber policy payouts for losses and regulatory fines tied to AI use and “LLMjacking”  —  Beazley and QBE are among the groups proposing to limit losses from the rapidly advancing technology

Reuters:
SK Hynix says it plans to invest ~$12.85B in a new fab in South Korea for advanced packaging to meet AI demand for HBM, with construction starting this month  —  SK Hynix (000660.KS) said on Wednesday it plans to invest 19 trillion won ($12.85 billion) in a new manufacturing plant in South Korea …

Financial Times:
Sources: OpenAI has pledged up to $1.5B to a new joint venture with PE firms to help deploy AI across their portfolio companies, starting with $500M in equity  —  Start-up backing new company intended to help deploy AI within businesses owned by PE firms  —  OpenAI has pledged up to $1.5bn …

Tanaya Macheel / CNBC:
Polymarket says perpetuals are coming to the platform and lets users sign up for early access; it hasn't specified whether crypto perpetual futures are included  —  Prediction markets platform Polymarket is expanding into trading of perpetual futures contacts, the company said Tuesday.

Sam Tobin / Reuters:
A UK tribunal rules Microsoft must face a lawsuit alleging it overcharged UK businesses to run Windows Server on cloud services from Amazon, Google, and Alibaba  —  Microsoft (MSFT.O) must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software …