The Rumors Were True: Thomson Reuters Acquires Casetext for $650M Cash — from lawnext.com by Bob Ambrogi
Excerpt:
“The proposed transaction will complement Thomson Reuters existing AI roadmap and builds on its recent initiatives, including a commitment to invest more than $100 million annually on AI capabilities, the development of new generative AI experiences across its product suite, as well as a new plugin with Microsoft and Microsoft 365 Copilot for legal professionals,” TR’s announcement said.
From DSC:
I post this to show how AI continues to make inroads into the legal realm — and how serious vendors are about it. I believe AI-enabled applications will eventually increase access to justice for the citizens of the United States of America.
Below is an addendum on 6/28/23 that further illustrates how serious vendors are about AI:
Databricks picks up MosaicML, an OpenAI competitor, for $1.3B — from techcrunch.com by Ingrid Lunden
Excerpt:
Databricks announced it will pay $1.3 billion to acquire MosaicML, an open source startup with neural networks expertise that has built a platform for organizations to train large language models and deploy generative AI tools based on them.