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

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.

Thanks for listening! Follow us on Twitter, Instagram and Linkedin