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On Monday, Clio, a 17-year-old Canadian law firm management software company, announced that it has agreed to acquire vLex, a 26-year-old legal data intelligence platform, in a $1 billion cash-and-stock deal. The announcement comes about a year after Clio’s massive $900 million funding round, which nearly doubled the Vancouver, British Columbia-based company’s valuation from $1.6…
ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership…
Levelpath, a procurement software startup founded by the duo behind Scout RFP, has raised $55 million in Series B funding led by Battery Ventures as the company looks to quadruple its revenue this year. The funding round also saw participation from existing investors, including Benchmark, which led Levelpath’s $14.5 million seed round, and Redpoint, the…
Navin Chaddha, managing director of the 55-year-old Silicon Valley venture firm Mayfield, is betting big on AI’s ability to transform people-heavy industries like consulting, law, and accounting. The veteran investor, whose wins include Lyft, Poshmark, and HashiCorp, recently discussed at TechCrunch’s StrictlyVC evening in Menlo Park why he believes “AI teammates” can create software-like margins…
With Meta successfully poaching a number of its senior researchers, an OpenAI executive reportedly reassured team members Saturday that company leadership has not “been standing idly by.” “I feel a visceral feeling right now, as if someone has broken into our home and stolen something,” Chief Research Officer Mark Chen wrote in a Slack memo…
Decentralized AI breaks open the gates of intelligence, with communities worldwide building, customizing and governing their own tools. DeAI dismantles centralized control and empowers communities to create and govern their own AI systems. Opinion by: Matt Wright, co-founder and chief executive officer of Gaia In the mid-1400s, Gutenberg’s press removed the monopoly on written knowledge….
Facebook is asking users for access to their phone’s camera roll to automatically suggest AI-edited versions of their photos — including ones that haven’t been uploaded to Facebook yet. The feature is being suggested to Facebook users when they’re creating a new Story on the social networking app. Here, a screen pops up and asks…
Meta is definitely offering hefty multimillion-dollar pay packages to AI researchers when wooing them to its new superintelligence lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of…
For those of you wondering if AI agents can truly replace human workers, do yourself a favor and read the blog post that documents Anthropic’s “Project Vend.” Researchers at Anthropic and AI safety company Andon Labs put an instance of Claude Sonnet 3.7 in charge of an office vending machine, with a mission to make…
An open letter from authors including Lauren Groff, Lev Grossman, R.F. Kuang, Dennis Lehane, and Geoffrey Maguire calls on book publishers to pledge to limit their use of AI tools, for example by committing to only hire human audiobook narrators. The letter argues that authors’ work has been “stolen” by AI companies: “Rather than paying…