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Thomson Reuters to acquire legal AI firm Casetext (YC S13) for $650M
- johntiger1 3y agoWow, all these AI acquisitions. Databricks bought MosaicML yesterday for 1.3B https://news.ycombinator.com/item?id=36487964 https://news.ycombinator.com/item?id=36487964
- csh0 3y agoI’m as excited about LLMs as the next guy, but I am sort of confused about stuff like this. From the article: “One of Casetext's key products is CoCounsel, an AI legal assistant launched in 2023 and powered by GPT-4 that delivers document review, legal research memos, deposition preparation, and contract analysis in minutes, Thomson Reuters said in a statement.” I get using an LLM to generate code snippets or text, where a human developer or author might be able to pick out the good parts and resolve any syntactical mistakes. But for something like contract analysis or document summary, in a profession where cases have been won and lost on something as precise as comma placement, are LLMs really useful here? Their inherent inexactitude makes me wonder.