BRINGING YOU THE LATEST IN LEGALTECH NEWS
TLTF & Friends in the News
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News from the World of Law
Goldman Sachs’ report examines the payoff (or lack thereof) for the estimated $1tn in AI capex companies are estimated to spend in coming years.
A Bain survey shows that the legal industry's AI satisfaction dropped 18 points, with only 53% satisfied, citing performance, quality, and understanding issues.
Is RAG, a common process that legal tech companies use to build and integrate GenAI solutions, a hallucination fail safe?
A Thomson Reuters survey showed that law firms remain restrained on passing through GenAI costs to clients - with 51% stating firms should absorb the costs.
A Berkeley Research Group report reveals AI's rapid advancement outpaces regulation, with 40% of executives lacking confidence in their compliance processes.
California extends remote hearings for some criminal and civil cases until 2026, pending a bill establishing video standards and reporting.
Universal Music Group, Sony Music, and Warner Records sued Udio and Suno for alleged copyright infringement in AI music synthesis, seeking damages.
The COPIED Act, introduced in the Senate, gives content creators control over AI training and use of their work, ensuring consent and compensation.
Despite legal and job security worries, 57% of 800 legal professionals see AI easing job dissatisfaction, per Ironclad's 2024 report.
Supreme Court ends Chevron's deference, complicating federal AI regulation, demanding clear laws as courts lack tech expertise.
The California Legislature is reviewing bills to regulate AI, focusing on content ID, data sources, privacy, and compliance in major decisions.
Listen
Kit Walsh and Jacob Hoffman-Andrews of EFF share a vision of using AI ethically, focusing on collective progress rather than exploitation or bias. (39 mins)
Miriam Kim, partner at Munger, Tolles & Olson, and Colleen Chien, Berkeley Law professor, discussed their generative AI study for legal aid alongside participant Bréyon Austin from LCCRSF. (37 mins)
Law 21’s Jordan Furlong and James Sandman from Penn Carey Law discuss aligning legal education, global legal services, and optimism amidst innovation barriers. (58 mins)
Tanner’s Other Page Turners
📚 Book of the Month: Brandon Sanderson’s The Sunlit Man - one of several new novels packaged as “Surprise! Four Secret Novels,” which has become Kickstarter’s largest crowdfunding project by raising over $41M.
What a week for Spain in international sports - winning both the Euro 2024 and Wimbledon, both propelled by rising stars.
New studies estimate that more mass around the Earth’s equator is set to increase the amount of time in a day, complicating space travel and communication (but adding just a little more time to enjoy this newsletter).