(Credit: YouraPechkin/Adobe Stock) AI Isn't Meeting Legal's Expectations, New Research Finds
"Lawyers have a high bar. I strongly believe that there's an amazing use case for AI here, and the bar hasn't been met by the crop of early stage startups that are trying to solve this," said Mary O'Carroll, chief community officer of Ironclad.
July 11, 2024 at 09:45 AM
9 minute read
Artificial Intelligence
Amid the initial burst of excitement around generative AI, companies invested vast sums into the technology. But now many say the results are falling short of expectations, according to a quarterly survey by Bain Research.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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