An American Bar Association ethics opinion highlighted the risks associated with billing for AI-supported legal work, particularly in Big Law firms. The emergence of generative AI technology has raised concerns about ethical billing practices and the potential shift away from traditional hourly billing models.
Conan Hines, the director of legal technology at Fried, Frank, Harris, Shriver & Jacobson, emphasized the importance of addressing ethical billing risks in AI. The article suggests that detecting unethical billing practices related to AI may be challenging in the short term, posing a significant concern for the legal industry.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.