Pandektes, a Copenhagen legal research startup, raised a €13.5M Series A after reaching more than 500 customers in three and a half years. Whether it is actually replacing incumbents depends on how many buyers cancel their old subscriptions, and the company puts that only at "many".
Reality
- Evidence40
- Adoption45
- Hype gap+30
- Incentives70
- Confidence40
Thomson Reuters kept its copyright win over ROSS Intelligence on appeal, the first US appellate ruling on fair use in AI training. ROSS had been refused a Westlaw licence as a rival, so the ruling lets owners of training data set a price or decline to sell.
Perspective Coverage
3 publishers
- Builder
- Builder 19%
- Operator
- Operator 38%
- Investor
- Investor 43%
Reality
- Evidence55
- Adoption30
- Hype gap+25
- Incentives55
- Confidence60
Thomson Reuters puts development of its first proprietary model at roughly $40 million, with under $450,000 of that in the final training run, and says the total still excludes the startup it bought and the cost of keeping the model running.
Reality
- Evidence45
- Adoption20
- Hype gap+20
- Incentives68
- Confidence52
buildConfirmed2 publishers Gemini Enterprise for Legal ships as skills, connectors, partner agents and a control plane. One of the systems it plugs into belongs to Thomson Reuters.
Reality
- Evidence52
- Adoption18
- Hype gap+32
- Incentives76
- Confidence58
buildConfirmed4 publishers The $450,000 training run everyone is quoting is about one percent of the programme behind it. The in-house model took one CoCounsel feature; the agent layer under it stays licensed.
Perspective Coverage
4 publishers
- Builder
- Builder 35%
- Operator
- Operator 40%
- Investor
- Investor 25%
Reality
- Evidence54
- Adoption27
- Hype gap+34
- Incentives78
- Confidence63
The final run on an open-weight base cost about 1.1% of the two-year program. The expensive part was the corpus and the expert hours, and the live product decision is which task goes to which model.
Reality
- Evidence52
- Adoption28
- Hype gap+24
- Incentives74
- Confidence62