Upstage, a pioneering AI company specialising in large language models (LLMs) and Document AI, announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korean AI software company in history.
In this insightful interview, Chris Parsonson, CEO and Co-Founder of Solve Intelligence, explores the challenges facing patent attorneys and how AI is poised to transform the intellectual property landscape. Chris highlights the mounting pressures of cost, time, and quality constraints that attorneys grapple with, fueled by factors like fixed-cost pricing models, client impatience, and rigorous quality standards.
The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, meaning the market will reach $50 billion in value by 2027, according to Gartner, Inc.
The future of law is at LegalTechTalk – Europe’s Event for Legal Transformation.
The legal industry is undergoing a major transformation, driven by technological advances, changing demographics, and new business models. Lawyers who are able to adapt to these changes will be well-positioned for success in the future.
Get weekly news and insights delivered straight to your inbox!
