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☆ Generative AI is booming in the legal industry. Here's an exclusive look at the pitch deck Robin AI used to raise $26 million from investors like Singapore's Temasek.
▼ + stars: | 2024-01-10 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup Robin AI, recently closed its Series B funding round, which Singapore investment company Temasek led. Headquartered in London, Robin uses Anthropic's latest large language model, Claude 2.1, and offers an "AI co-pilot" to help lawyers draft and revise contracts. The startup raised a $10.5 million Series A in January 2023 and a $2.5 million seed round in 2021. Although funding for legal tech startups fell in 2023, according to Crunchbase, a handful of startups have raised new rounds of cash. Check out the eight-slide pitch deck Robin used to raise its $26 million Series B funding round.

Persons: Robin, Claude 2.1, Richard Robinson, Robinson, Darrow Organizations: Business, Temasek, AFG Partners, Google Locations: Singapore, London, what's, Asia

☆ 3 ways the generative AI boom is upending the advertising agency business
▼ + stars: | 2023-09-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Here are some of the newest challenges agency leadership teams are discovering as they race to lead AI in advertising. Productivity gains from AI risk undercutting agency feesMany agency bosses have touted the productivity efficiencies AI presents to their companies — from creating lists of search keywords to making tedious work like cataloging invoices less time-consuming. Agencies haven't figured out what to do with the AI talent they've hiredMuch like heads of digital, heads of mobile, and heads of programmatic before them, agency heads of AI are now having their time in the sun. But once such AI talent is sourced, agencies are presented with another dilemma: Where in the organization should a "head of AI" sit? Most businesses have started with this being part of the chief technology officer or the IT department's responsibilities, said Ruben Schreurs, chief strategy officer at the marketing consultancy Ebiquity.

Persons: Nick Coronges, Coronges, waitlists, Lewis Smithingham, Smithingham, Ryan Kangisser, Forrester, Jay Pattisal, haven't, they've, Ruben Schreurs, Richard Robinson Organizations: Google, Nvidia, OpenAI, Microsoft, Big Tech, Productivity, Forrester, Xeim Engage

☆ Do sharks bite based on what color you wear? Science debunks the myth of 'yum yum yellow'
▼ + stars: | 2023-08-01 | by ( Maiya Focht | ) www.businessinsider.com time to read: +4 min

You may have heard that wearing bright colors may provoke shark attacks. Curiously, the tale goes, every man taken to his watery grave had one thing in common — they were all wearing orange pilot suits. This is a popular story in shark communities and is likely the origin of the myth that shark attacks may be caused by wearing bright colors, like yellow or orange. Sharks can't see color very wellThough Gruber's 1977 work confirmed sharks have sharp vision, it stopped short of drawing conclusions about color. Yellow and orange are the best colors to wear if you end up in a dangerous situation and want to be spotted by rescuers.

Persons: Samuel Gruber, Richard Robinson, Gavin Naylor, Nathan Hart, Hart Organizations: Service, US Navy, Getty, University of, University of Florida's, Shark Research, BBC

☆ Alphabet-backed Anthropic releases OpenAI competitor named Claude
▼ + stars: | 2023-03-14 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

March 14 (Reuters) - Anthropic, an artificial intelligence company backed by Alphabet Inc (GOOGL.O), on Tuesday released a large language model that competes directly with offerings from Microsoft Corp-backed (MSFT.O) OpenAI, the creator of ChatGPT. Large language models are algorithms that are taught to generate text by feeding them human-written training text. Anthropic has taken a different approach, giving Claude a set of principles at the time the model is "trained" with vast amounts of text data. Rather than trying to avoid potentially dangerous topics, Claude is designed to explain its objections, based on its principles. That's one of the reasons we liked Anthropic," Richard Robinson, chief executive of Robin AI, a London-based startup that uses AI to analyze legal contracts that Anthropic granted early access to Claude, told Reuters in an interview.

☆ This SoftBank-backed startup that uses AI to draft legal documents just raised $10 million. Check out the 10-slide pitch deck Robin AI used to land the cash.
▼ + stars: | 2023-02-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Robin AI, a legal tech startup that uses AI to read and negotiate contracts, has raised $10 million. A startup that uses AI to make legal contracts simpler to draft and negotiate has raised $10 million in fresh funding. London-based Robin AI, which counts SoftBank among its backers, was founded by former lawyer Richard Robinson and physics PhD James Clough. The startup uses machine learning to review and negotiate legal contracts through a software platform. The startup claimed to have grown its revenues 20x since its previous raise, a $3.3 million funding from SoftBank in December 2021.

☆ This SoftBank-backed startup that uses AI to draft legal documents just raised $10.5 million. Check out the 10-slide pitch deck Robin AI used to land the cash.
▼ + stars: | 2023-02-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Robin AI, a legal tech startup that uses AI to read and negotiate contracts, has raised $10.5 million. A startup that uses AI to make legal contracts simpler to draft and negotiate has raised $10.5 million in fresh funding. London-based Robin AI, which counts SoftBank among its backers, was founded by former lawyer Richard Robinson and physics PhD James Clough. The startup uses machine learning to review and negotiate legal contracts through a software platform. The startup claimed to have grown its revenues 20x since its previous raise, a $3.3 million funding from SoftBank in December 2021.

A retired Kansas City, Kansas, police detective was indicted on federal counts that he and three other men conspired to hold women in “involuntary sexual servitude,” officials said Monday. The abuse alleged in the indictment unsealed Monday took place in Kansas City, Kansas, between 1996 and 1998, the U.S. Department of Justice said. Golubski faces up to life in prison on each of those six counts, according to prosecutors. Golubski was a detective with the Kansas City, Kansas, police department who had retired in 2010 after 35 years on the force. Kansas City, Kansas, is adjacent to the larger Kansas City, Missouri.

☆ POWER PLAYERS: 19 women to watch in 2022 who made partner or higher in Europe's male-dominated VC ecosystem
▼ + stars: | 2022-02-03 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Just 12% of top roles in Europe's venture-capital sector were held by women in 2021, per Atomico. Efforts to push diversity have been slow, says Mali Baum, a founding member of European Women in VC. These are the 19 women who made partner at VC firms across the region last year. At 29, Annalise Dragic became one of Europe's youngest female venture-capital partners last year after rising through the ranks at Sapphire Ventures. Due to the sheer scale of Europe's venture-capital sector, we have no doubt missed out on some partner promotions during 2021.

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