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News on Medial
LexisNexis Harnesses the Power of Generative AI to Streamline Legal Writing and Research
Robots
·
1y ago
Medial
LexisNexis, a prominent legal software company, is harnessing generative AI, inspired by OpenAI's ChatGPT, to improve legal writing and research. The goal is to automate tasks like brief writing and citation research to boost lawyers' efficiency. However, LexisNexis acknowledges the need for careful review to maintain the accuracy and reliability of AI-generated content in the legal domain. They aim to empower lawyers while addressing potential legal errors through rigorous quality control and collaboration with legal experts.
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Notion unveils AI updates for meetings, search, and research tasks
Inshorts
·
2m ago
Medial
Notion has announced several AI-powered updates aimed at transforming how teams handle meetings, research, and knowledge search. The company shared a series of posts on its official X (formerly Twitter) handles introducing key updates, like AI Meeting Notes, Enterprise Search, and a Research Mode designed to streamline writing tasks.
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Amazon will let sellers paste a link so AI can make a product page
The Verge
·
1y ago
Medial
Amazon is introducing a new AI feature that allows sellers to easily create product pages by simply pasting a link. The generative AI technology will extract information from the seller's external website and automatically generate a product page on Amazon, complete with a description and images. This aims to streamline the process of bringing products from outside sources onto Amazon's platform. However, Amazon emphasizes that sellers must have legal rights or ownership of the linked content to avoid potential legal issues. The feature is currently rolling out to US sellers.
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Tech giant IBM launches $500M enterprise AI venture fund
IndianStartupNews
·
1y ago
Medial
IBM has launched a new $500 million venture fund to invest in AI enterprises focused on generative AI technology and research for enterprise applications. The fund aims to nurture AI leaders who can help businesses harness the power of AI, and partnerships with IBM will provide startups with operational insights. IBM's AI and data platform, watsonx, will play a crucial role in capitalizing on AI innovations, particularly in generative AI. The company has previously invested in AI-focused companies such as Hugging Face and HiddenLayer.
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Legitquest raises $660,000 in ongoing round from existing investors InfoEdge, WaterBridge Ventures
Economic Times
·
8m ago
Medial
Legal tech start-up Legitquest has secured $660,000 in an ongoing funding round from existing investors InfoEdge and WaterBridge Ventures. Legitquest, founded in 2017, provides a generative AI assistant for legal professionals, offering research support and efficient due diligence. The funds will be used to further develop their product and expand their client base. The company has seen significant growth, achieving a 250% YoY increase and claiming to have gathered three billion pages of legal data.
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Generative AI backlash hits annual writing event, prompting resignations
Arstechnica
·
11m ago
Medial
The National Novel Writing Month organization (NaNoWriMo) faced backlash after publishing a statement defending the use of AI writing technology. The organization argued that rejecting AI would ignore issues of class and ability, suggesting that it could benefit those who may need writing assistance or have cognitive differences. Writers criticized NaNoWriMo's stance, citing ethical concerns surrounding the use of generative AI models that borrow content without attribution. Some board members resigned, and a sponsor withdrew support. NaNoWriMo reiterated its position but acknowledged concerns about AI's impact on the writing industry and unethical actions by some in the AI space.
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Legal tech company DecoverAI raises $2 million in funding round led by Leo Capital
Economic Times
·
1y ago
Medial
Legal tech company DecoverAI has raised $2 million in a funding round led by venture capital firm Leo Capital. The funds will be used for research and development of the company's AI-driven product technology and expanding its engineering and customer success teams. DecoverAI focuses on developing AI solutions to enhance efficiency in the legal sector, and is currently serving clients in the US with plans to expand into Europe and the APAC region. The company is also eyeing India as a potential market and aims to harness talent in the field of Generative AI.
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Moonvalley raises $84 million to bolster AI video tools - The Economic Times
Economic Times
·
25d ago
Medial
Moonvalley, an AI research firm, has raised $84 million, led by General Catalyst, to enhance its AI video tools. The funding, supported by CoreWeave and others, aims to meet enterprise demand, expand the content library, and develop new features. This follows the release of Moonvalley's first professional video AI model. The move highlights growing interest and legal challenges in generative video tech as major players seek to integrate AI in the entertainment industry.
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How to Resist the Temptation of AI When Writing
Wired
·
1y ago
Medial
Knowing how to conduct high-quality research and writing using trustworthy sources is an important skill for students, journalists, and professionals. This article provides tips on identifying credible databases, vetting information, and locating expert sources. It emphasizes the importance of verifying information, avoiding unreliable or biased sources, and staying organized with research. The article also cautions against relying too heavily on AI and ChatGPT tools, as they can introduce errors and plagiarism. Ultimately, strong and impactful writing supported by thorough research should be the goal before considering automated tools.
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AI paralegal startup Jhana raises $1.6 Mn in seed round
Entrackr
·
10m ago
Medial
Jhana, a legal-tech startup specializing in AI-powered legal assistants, has raised $1.6 million in a seed funding round led by Girish Mathrubootham (founder of Freshworks) and Manav Garg (founder of Eka Software), through their VC fund, Together Fund. The round also saw participation from several high-profile investors, including Shyamal Anadkat of OpenAI, Scott Davis from VMWare, Kunal Shah, founder of CRED, Harshil Mathur and Shashank Kumar—the founders of Razorpay, Cory Levy— the founder of First Text, Z Fellows, and, After School, and Ojas Shukla, the company said in a press release. As per the company, additional funds are expected from Indian investors, with the complete round to be publicly disclosed soon. Jhana plans to use the new capital to develop its proprietary legal datasets and models further, while also expanding its team with researchers in law and artificial intelligence, the company added. Founded in 2021 at Harvard University, Jhana provides AI-driven legal assistants designed to help lawyers, law firms, and in-house legal teams streamline research and document review processes. Jhana’s AI paralegal solutions allow users to produce legal outputs—such as propositions, citations, and full-fledged memos—based on natural language inputs. The system draws from a proprietary database of over 15 million case law records, statutes, academic sources, and web-based references, ensuring accuracy and comprehensiveness in legal research. The startup also offers customizable and siloed AI solutions for enterprise clients, enabling them to integrate AI into their existing cloud and file ecosystems. By leveraging AI, Jhana’s solutions aim to increase productivity and reduce errors in legal work. With this funding, Jhana is set to advance its AI-driven legal technology and expand its footprint in India and beyond.
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Edinburgh-Based Wordsmith AI Raises $25 Million Series A Led by Index Ventures to Transform Legal Roles and Accelerate Outcomes | DeepNewz VC
Business Bytes
·
2m ago
Medial
**Edinburgh-based startup Wordsmith AI has successfully raised $25 million in a Series A funding round, led by Index Ventures. The company focuses on enhancing legal AI infrastructure to accelerate organizational decision-making. Legal departments are often perceived as slow in their processes, and Wordsmith AI aims to address this by providing solutions that streamline workflow and improve efficiency. This investment will support the expansion and scaling of their innovative legal technology services.**
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