Company: STAA
Filing Date: 2025-10-09
Form Type: DFAN14A
Source: 0001213900-25-097833
Chunk: 5

Company: STAAR SURGICAL CO
Filing Date: 2025-10-09
Form: DFAN14A
Chunk 5
---
 courts for them to sue in. Ideally you would get insurance for those intermediate cases. Almost-wipe-out-humanity insurance,
etc.

Here’s a fun Financial Times story about
AI insurance:

OpenAI and Anthropic are considering
using investor funds to settle potential claims from multibillion-dollar lawsuits, as insurers balk at providing comprehensive coverage
for the risks associated with artificial intelligence.

| 1. | I’m hypothetically writing a whole series of science fiction                                                                              
 novels about killer AI being thwarted by American litigiousness. Previously: “If I were a science fiction writer I would be working       
 on a story about venture capitalists building a runaway artificial intelligence that will likely enslave or destroy humankind, only to    
 be thwarted by a minor poet suing them for copyright violations for scraping her poems. Terminator: Fair Use Doctrine. What if fastidious 
 enforcement of intellectual property rights is all that stands between us and annihilation by robots?”                                    |

| 2. | Also, of course, this is a reason for an insurer to *sell* it                                                                
 to you. Like I’d happily sell OpenAI insurance against the complete extinction of humanity for a million bucks. I’m not sure 
 what insurance regulators would say about this.                                                                              |

<div align='center'>Exhibit 2-1</div>

The two US-based AI start-ups have traditional
business insurance coverage in place, but insurance professionals said AI model providers will struggle to secure protection for the full
scale of damages they may need to pay out in future.

OpenAI, which has tapped the world’s
second-largest insurance broker Aon for help, has secured cover of up to $300mn for emerging AI risks, according to people familiar with
the company’s policy.

Another person familiar with the policy
disputed that figure, saying it was much lower. But all agreed the amount fell far short of the coverage to insure against potential losses
from a series of multibillion-dollar legal claims.

Aon declined to comment on individual
companies. But Kevin Kalinich, head of cyber risk at Aon, said of the insurance sector broadly, “we don’t yet have enough
capacity for [model] providers”.

He added of insurers, “what they
can’t afford to pay is if an AI provider makes a mistake that ends up as . . . a systemic,
correlated, aggregated risk”.

This seems to be largely about copyright violations, now,
but “an AI provider makes a mistake that ends up as a systemic