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Legal IT insider reports Swiss-founded legal tech startup DeepJudge has raised $10.7m in an oversubscribed seed funding round led by New York private equity firm Coatue. Additionally, the company today (18 June) announced the availability of DeepJudgeKnowledge Assistant, a generative AI interface for law firms and legal departments to access their document knowledge base. Founded by AI researchers and…

  Launches new, ready-to-deploy, light-touch generative AI knowledge management solution London, U.K. – 17 June 2024 – Lexsoft Systems, a provider of IT and business process solutions, today announced the availability of a new, ready-to-deploy, light-touch version of its T3 GenAI knowledge management (KM) solution for small and growing law firms. Leveraging generative AI technology, this new…

On May 15, the Bipartisan Senate Artificial Intelligence (AI) Working Group (“Working Group”) released a report titled “Driving U.S. Innovation in Artificial Intelligence” that lays out a detailed policy roadmap for approaching the risks and benefits of AI. The Working Group—consisting of Majority Leader Chuck Schumer (D-NY), Sens. Mike Rounds (R-SD), Martin Heinrich (D-NM) and Todd Young…

On May 17, Colorado enacted SB 24-205 (the “Act”) concerning consumer protections in interactions with artificial intelligence (AI) systems. The Act requires developers of “high-risk” AI systems—defined as AI systems that make “consequential” decisions relating to education, employment, financial or lending services, housing, or insurance, etc.—to take reasonable care to protect consumers from “any known or reasonably…

Lawyers in the UK are wary of the government stepping in to regulate the profession’s use of artificial intelligence – but not as wary as their transatlantic colleagues, international research has revealed. According to a study by legal information giant Thomson Reuters, 48% of lawyers in UK firms and 50% of in-house lawyers believe that…

New law set to go into effect in 2026, takes similar approach as EU AI Act Colorado was the first state across the comprehensive AI law finish line, as its governor in May signed into law the Colorado AI Act. Baker Donelson’s Vivien F. Peaden explores details of the new law and what companies need…

Bloomberg K&L Gates, Orrick, Dechert add artificial intelligence programs Training comes as AI predicted to automate some lawyer tasks Some Big Law firms are now making summer associates learn the ins and outs of generative AI as they begin integrating what’s considered to be a game-changing technology for the profession. K&L Gates, Dechert, and Orrick…