Source: The Daily Record
By Nicole Black
Last week, a generative AI acquisition in the legal technology space made news headlines. Thomson Reuters announced that it had entered into an agreement to acquire Casetext, a legal research software company, for the notable price of $650 million.
For the past decade, Casetext has provided a legal research platform grounded in AI technology. The company consistently developed innovative features that utilized AI technology to streamline legal research and brief creation, most recently releasing CoCounsel, a generative AI legal assistant tool powered by GPT-4, which is the same technology that powers ChatGPT Plus.
In mid-2022, Casetext was one of the first companies to begin working with Open AI, the company behind GPT-4. That partnership allowed Casetext to access GPT-4 months before its public release, and use it to develop…
Read full article: https://nydailyrecord.com/2023/06/30/legaltechs-ai-race-a-sign-of-whats-to-come/
