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The $650M Casetext Story: Coloring E-book Version

Bynewsmagzines

Nov 27, 2023
The $650M Casetext Story: Coloring Book Edition


As soon as on a time, in a magical city termed San Francisco, 3 previous legal professionals came collectively to create an impressive lawful investigation platform, as an alternate to common authorized investigation services these kinds of as Thomson Reuters Westlaw and LexisNexis. They known as their new enterprise Casetext. 

 

Their authentic idea was to build a free of charge, comprehensive library of key legal investigate components, supplemented by crowdsourced annotations and edits contributed by users, like a Wikipedia for regulation.

 

But as synthetic intelligence technologies advanced, the founders shifted their concentrate to checking out how AI could be used to progress lawful research and other authorized duties.

 

By the time Casetext achieved its 10th anniversary in 2023, it experienced absolutely embraced AI, launching 1 of the to start with and most talked about generative AI authorized assistants, CoCounsel. 

 

So productive was Casetext with its CoCounsel product or service that Westlaw — the corporation to which it when sought to supply an different — bought it for a whopping $650 million in funds.

 

With their acquisition comprehensive, the three founders and their AI lawful assistant lived fortunately at any time after.


Illustrations and spelling problems by ChatGPT’s Coloring E-book Hero, from OpenAI. 

Article script: I requested ChatGPT to make the people additional numerous. It responded: “Creating illustrations with additional visibly assorted people is a terrific notion, specifically for a coloring guide supposed for youngsters. For the next illustration, I’ll guarantee that the figures are additional distinctly various in their visual appearance.” It did not do that, even right after I tried inquiring a 2nd time. Of class, the full rainbow of colors is yours to use when coloring in these illustrations.

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