The American Bar Association’s Standing Committee on Ethics and Professional Responsibility has issued a formal opinion addressing the ethical considerations surrounding lawyers’ use of generative artificial intelligence (GAI) tools in legal practice. Formal Opinion 512, released on July 29, 2024, provides crucial guidance for attorneys navigating this rapidly evolving technological landscape. At the heart of … Read more
The journey of a company from private to public ownership through an Initial Public Offering (IPO) is a transformative process that marks a significant milestone in its evolution. This transition, often viewed as a coming-of-age moment in the business world, opens doors to vast pools of capital and heightened prestige, while simultaneously ushering in new … Read more
In a bold move to position itself at the forefront of the artificial intelligence revolution, New Jersey has introduced the “Next New Jersey Program.” This innovative initiative, established within the New Jersey Economic Development Authority, aims to attract significant investment in AI and related industries, create high-paying jobs and cement the Garden State’s status as … Read more
When it comes to startups, maintaining momentum is crucial. However, there are times when a company’s growth outpaces its available capital, creating a financial gap between major funding rounds. This is where bridge funding comes into play. It’s a vital lifeline that can keep a startup afloat and thriving during critical transition periods. Bridge funding, … Read more
Artificial Intelligence is often touted as a potential solution to many of our world’s problems, including environmental challenges. However, as we embrace this powerful technology, it’s crucial to consider its potential negative impacts on our planet. This post explores the environmental downsides of AI, with a particular focus on its energy consumption. The Energy Hunger … Read more
Series C funding represents a more mature stage in a company’s growth compared to Series A and B. While Series A focuses on proving a business model and Series B on building market traction, Series C is about scaling and dominating markets. This progression is reflected in the funding amounts: Series A might raise $2-15 … Read more
Isaac Asimov, renowned for his science fiction works, introduced the “Three Laws of Robotics” as cornerstone ethical guidelines for artificial intelligence. These laws have significantly shaped discussions on AI ethics, offering a conceptual framework that continues to influence our understanding of the moral challenges posed by advanced technologies. Asimov’s Three Laws state: These laws have … Read more
Series B funding is a crucial stage in a company’s growth journey, typically occurring after the business has successfully developed its product or service and acquired an initial customer base. The primary goal of Series B funding is to scale operations and expand market reach. At this point, companies are looking to move beyond the … Read more
Contracts are critical components of any M&A deal, governing various aspects such as liabilities, obligations, warranties and intellectual property rights. Analyzing these contracts manually can be time-consuming and error-prone. AI-powered contract analysis tools can offer several advantages in this regard: Efficient Review Process AI algorithms can quickly review large volumes of contracts, including purchase agreements, … Read more
In the dynamic world of startups, securing Series A funding marks a pivotal moment in a company’s journey. This first significant round of venture capital financing represents a crucial step for young businesses ready to transition from promising concept to industry player. Series A funding typically comes into play when a startup has moved beyond … Read more
Generative AI refers to artificial intelligence that can create human-like content, from pictures and videos to poetry and even computer code. To achieve this, several different techniques have emerged, mostly evolving over the last decade by building on foundations like deep learning, transformer models and neural networks. All generative AI models rely on data to … Read more
When we delve into the history of artificial intelligence, we usually focus on the scientists and engineers who developed the algorithms and hardware that power modern AI systems. However, the cultural foundations that shape our understanding and approach to AI have roots in unexpected places. One such influential figure is Fritz Lang, the visionary Austrian-American … Read more
In the world of startups, every great business begins with a seed—an idea that holds the potential to revolutionize an industry or solve a pressing problem. But ideas alone aren’t enough. They need nurturing, resources and most importantly, capital to grow. This is where seed funding comes into play, serving as a vital step in … Read more
As a first-time founder, you’ll likely tap into your closest connections before any professional investors. Raising a friends and family round is often the first outside capital that allows new startups to take those crucial first steps. What is a Friends and Family Round? This involves raising relatively small amounts of capital from your personal … Read more
The IRS has a massive volume of tax returns and financial data to analyze each year, making it impractical to manually review every single return for potential issues or discrepancies. AI and machine learning techniques allow the IRS to efficiently sift through this vast amount of data and identify high-risk returns or areas that warrant … Read more
The concept of leveraging artificial intelligence for artistic pursuits like poetry may seem paradoxical at first glance. How could cold, dispassionate algorithms possibly augment one of the most deeply human forms of emotional and creative expression? However, modern AI language models present opportunities for poets to expand their creative horizons in novel ways. Rather than … Read more
The US Department of Labor has issued a Field Assistance Bulletin on Artificial Intelligence and Automated Systems in the Workplace under the Fair Labor Standards Act and Other Federal Labor Standards. The key points in the Bulletin are as follows: In summary, the Field Assistance Bulletin emphasizes that employers cannot abdicate their responsibilities under federal … Read more
Artificial intelligence may seem like an overly complex tool to bring to bear on something like redesigning a paper clip or mousetrap. However, the capabilities of modern AI make it well-suited for this type of product optimization challenge. At its core, AI excels at identifying patterns in data, generating novel ideas based on those patterns … Read more
Startups embark on a unique journey as they grow and develop, often requiring various types of funding along the way. Each stage of funding is designed to support the company’s specific needs and goals at different points in its lifecycle. Understanding these stages can help entrepreneurs navigate the complex world of startup financing. Pre-Seed Funding: … Read more
In the rapidly evolving landscape of artificial intelligence, a new breed of language technology is creating massive waves – large language models or LLMs. These cutting-edge AI systems are redefining the boundaries of what’s possible with machine-generated text. At their core, LLMs utilize machine learning techniques like transformers and self-attention mechanisms to analyze astronomical amounts … Read more