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OWITH.ai - Only What's Important to Hear around AI and Tech - Robin AI Secures $25M in Funding and More: The Latest in AI, Tech, and Legal Innovation

Robin AI Secures $25M in Funding and More: The Latest in AI, Tech, and Legal Innovation

11/13/24 • 3 min

OWITH.ai - Only What's Important to Hear around AI and Tech
Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Legal tech startup Robin AI has raised an additional $25 million in funding, bringing the total amount to $61.5 million. The company offers legal services to large corporations using a combination of AI software and human expertise. Despite the gap between expectations and AI capabilities, Robin AI has a viable business model by optimizing its workforce with technology. The recent funding will be used to enhance their product "Reports," which uses Anthropics' Claude model to power responses. While facing competition from rivals like Harvey AI and Thomson Reuters, Robin AI continues to provide value by delivering efficient legal services. The success of the funding round reflects confidence in the company's ability to innovate and meet client needs in the legal tech industry.Moving on, the discussion covers various topics including the slowing pace of AI development, a $1.8 billion clawback by FTX, Zoox launching in San Francisco, Amazon's new smart glasses for delivery drivers, and South Korea's efforts to protect chipmakers from potential tariffs. There is also mention of Elon Musk's successful bet on Trump and other news related to Apple, Tencent, Abu Dhabi's sovereign wealth fund, and Bitcoin reaching near $90,000. The focus is on the impact of the incoming Trump administration on various industries and the strategies being implemented by companies to adapt to potential changes in policy.Shifting gears, online casinos are becoming a new venture market, with VC funding and interest increasing after the success of sports gambling. The rise of daily fantasy sports paved the way for online gambling to become mainstream and legal. Fanduel co-founder Nigel Eccles faced challenges in convincing VCs to invest in the risky market but is now focusing on online casinos with his startup Bethog. Despite skepticism and regulatory challenges, Eccles believes that online casinos represent a massive untapped market. VC funds like 6th Man Ventures are investing in companies built around speculation, recognizing the potential risks of addiction. The consumer market has become more open to risk, with online casinos being the next frontier in the evolving landscape of online gambling.In other news, Chipotle has confirmed Scott Boatwright as its new CEO, succeeding Brian Niccol. Meanwhile, there is speculation about the future of Nvidia under CEO Jensen Huang's leadership. Billionaire investor Vinod Khosla has urged Elon Musk to hold Trump accountable for his promises and prioritize environmental protection. The Fortune Global Forum featured discussions on various topics including AI, partnerships between companies, and political perspectives from figures like Leon Panetta and Boris Johnson. Other news includes Bill Ackman vowing to abandon the Amsterdam Stock Exchange, the Russian butter robbery revealing insights into Putin's economy, Australian billionaire Anthony Pratt moving permanently to the U.S., Jerome Powell's willingness to fight for his job when Trump considered firing him in 2018, and Mattel's failed attempt with 'wicked' dolls.

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Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Legal tech startup Robin AI has raised an additional $25 million in funding, bringing the total amount to $61.5 million. The company offers legal services to large corporations using a combination of AI software and human expertise. Despite the gap between expectations and AI capabilities, Robin AI has a viable business model by optimizing its workforce with technology. The recent funding will be used to enhance their product "Reports," which uses Anthropics' Claude model to power responses. While facing competition from rivals like Harvey AI and Thomson Reuters, Robin AI continues to provide value by delivering efficient legal services. The success of the funding round reflects confidence in the company's ability to innovate and meet client needs in the legal tech industry.Moving on, the discussion covers various topics including the slowing pace of AI development, a $1.8 billion clawback by FTX, Zoox launching in San Francisco, Amazon's new smart glasses for delivery drivers, and South Korea's efforts to protect chipmakers from potential tariffs. There is also mention of Elon Musk's successful bet on Trump and other news related to Apple, Tencent, Abu Dhabi's sovereign wealth fund, and Bitcoin reaching near $90,000. The focus is on the impact of the incoming Trump administration on various industries and the strategies being implemented by companies to adapt to potential changes in policy.Shifting gears, online casinos are becoming a new venture market, with VC funding and interest increasing after the success of sports gambling. The rise of daily fantasy sports paved the way for online gambling to become mainstream and legal. Fanduel co-founder Nigel Eccles faced challenges in convincing VCs to invest in the risky market but is now focusing on online casinos with his startup Bethog. Despite skepticism and regulatory challenges, Eccles believes that online casinos represent a massive untapped market. VC funds like 6th Man Ventures are investing in companies built around speculation, recognizing the potential risks of addiction. The consumer market has become more open to risk, with online casinos being the next frontier in the evolving landscape of online gambling.In other news, Chipotle has confirmed Scott Boatwright as its new CEO, succeeding Brian Niccol. Meanwhile, there is speculation about the future of Nvidia under CEO Jensen Huang's leadership. Billionaire investor Vinod Khosla has urged Elon Musk to hold Trump accountable for his promises and prioritize environmental protection. The Fortune Global Forum featured discussions on various topics including AI, partnerships between companies, and political perspectives from figures like Leon Panetta and Boris Johnson. Other news includes Bill Ackman vowing to abandon the Amsterdam Stock Exchange, the Russian butter robbery revealing insights into Putin's economy, Australian billionaire Anthony Pratt moving permanently to the U.S., Jerome Powell's willingness to fight for his job when Trump considered firing him in 2018, and Mattel's failed attempt with 'wicked' dolls.

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Previous Episode

undefined - Tech Turmoil: From Orion Disappointment to Regulatory Uncertainty and AI Arms Race

Tech Turmoil: From Orion Disappointment to Regulatory Uncertainty and AI Arms Race

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.In March 2024, OpenAI CEO Sam Altman hinted at the upcoming GPT-5 model, but it fell short of expectations. The scaling laws that AI companies relied on for improvement are now breaking down, as seen with the underwhelming performance of the Orion model. Cognitive scientist Gary Marcus had previously warned about the limitations of deep learning, and his concerns are now being validated. OpenAI's new direction with the O1 model, focusing on real-time pondering and improved reasoning, represents a shift away from traditional GPT models. The success of this new paradigm remains uncertain, as it may require more time and resources to generate intelligent responses. In March 2025, the release of Orion leads to disappointment among users, shareholders, and critics, signaling the potential end of generative AI.Lina Khan's departure as chair of the Federal Trade Commission under the new Trump administration may not be universally celebrated in the tech industry. Trump's impact on tech regulation is uncertain, with potential changes in the crypto industry and state-level regulations playing a significant role. Despite speculation about increased M&A activity in the tech industry post-Khan, the actual impact of her antitrust lawsuits on VC portfolios is questioned. The battles over technology oversight are likely to occur at the state and municipal level over the next four years. Recent venture deals include companies like Parker and UnifyApps raising significant funding rounds. The future of tech regulation under Trump remains uncertain, with potential changes in the crypto industry and state-level regulations playing a significant role in shaping the landscape.The US has imposed export restrictions on advanced chips to China, leading Taiwan's TSMC to suspend chip shipments. Swiggy's IPO in India is oversubscribed, despite the company not yet being profitable. Chegg is facing a decline as students turn to ChatGPT for homework help. Visa and Tencent are launching a palm-based authentication system for payments in Singapore. Apple is expected to focus on wearables for future growth, moving away from the iPhone. Amazon is changing its physical stores, and an AI painting sold for a high price at auction.The email is a summary of the 2024 Fortune Global Forum in New York City, featuring speakers such as Mike Pompeo, Leon Panetta, and Boris Johnson. Amazon CEO Andy Jassy plans to reduce bureaucracy by increasing the ratio of employees to managers. Market research suggests bullish market performance could extend through the 2030s with Republican control of the government.The text discusses the increasing alignment between Silicon Valley and the Pentagon, leading to the militarization of AI and the development of dystopian applications such as automated weapons. The U.S. is leading in drone technology, with big tech companies partnering with defense agencies to compete in the global AI arms race.The text discusses the possibility that the core hypothesis driving generative AI, particularly in terms of scaling, may be incorrect. The author argues that deep learning may not improve with scale for tasks such as reasoning and handling edge cases in open-ended environments. Recent evidence suggests that pure scaling may have reached a point of diminishing returns.

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Next Episode

undefined - Unpacking the Latest in AI and Tech: Insights from OWITH.ai Podcast

Unpacking the Latest in AI and Tech: Insights from OWITH.ai Podcast

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.The impact of AI on the job market, specifically in the context of generative AI tools like ChatGPT, is a topic of discussion. A study suggests a decrease in job postings for automation-prone fields such as writing and software development after the introduction of ChatGPT. Workers who can adapt and use AI tools may have better prospects in the future job market. However, the overall impact of AI on employment remains a topic that requires further research, raising questions about the broader implications on various professions and industries.Moving on to Joshua Kushner, founder of Thrive Capital, who has made successful investments in companies like Instagram and Spotify. Despite his political affiliations remaining unanswered, Kushner emphasizes patriotism and innovation in the tech industry. Thrive Capital's investment in OpenAI, valuing the startup at $157 billion, solidifies their reputation as a leading firm in the industry. Various venture deals and investments in companies like Writer and Trace Neuroscience have raised significant funding for growth and expansion, showcasing Kushner's strategic investments shaping the tech industry's future.In other tech-related news, OpenAI's Greg Brockman returns from a leave of absence, Netflix finds success with its ad-supported tier strategy, and French newspapers sue Elon Musk's X over copyright payments. There is speculation about President-elect Donald Trump potentially intervening to block a TikTok ban. Two European search engines, Qwant and Ecosia, join forces to create a joint search index to reduce reliance on big tech companies, showing ongoing developments and changes in the tech industry.Shifting gears to discussions on freeing up mid-band spectrum for commercial use in the United States for 5G networks. AT&T CEO John Stankey argues for more access to this spectrum to prevent falling behind in technology. Telecom companies continue to invest significantly in 5G infrastructure but require policy clarity and spectrum access to sustain these investments. Conflicting views arise as Pentagon officials advocate safeguarding military use of these frequencies. Other topics include layoffs at 23andMe, Exxon Mobil CEO's warning against dropping out of the Paris Climate Accords, investor John Paulson's decision not to pursue a treasury appointment, Warren Buffett's cautious approach, Trump media shares, Dogecoin rally, and a legal tech startup raising funds.That's all for today's updates in the AI and tech world. Stay informed and stay tuned for more insights on OWITH.ai podcast.

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