AI and the Future of Law: The 10 Year "Overnight" Success Story

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  • Опубліковано 6 лис 2024

КОМЕНТАРІ • 47

  • @ycombinator
    @ycombinator  11 місяців тому +3

    What industry are you changing with AI?

    • @adixonsmith
      @adixonsmith 11 місяців тому +1

      Watching this is incredibly timely. We (Omnikey) applied for the W24 batch and are waiting to hear back. Such great info! As a lawyer, I’m really excited to see how AI positively influences the legal world and those who interact with it.

    • @SRVZ_official
      @SRVZ_official 11 місяців тому +5

      Service based businesses.

    • @WeylandLabs
      @WeylandLabs 11 місяців тому +1

      -Change- Not Create *New* !
      I would have thought Y-Combinator would have got this already ?

    • @iffyaiyan8942
      @iffyaiyan8942 11 місяців тому

      Healthcare, in fact, building to brutally disrupt exiting traditional healthcare

    • @idiomaxiom
      @idiomaxiom 11 місяців тому +1

      Everyone who needs large GPT on prem, enclaved per department or workgroup, with quite lowcost inferencing clusters and rapid fine tuning. 1.2TB of unified VRAM for $75k in 2KW can do quite a bit for people who can't let their data leave the office.

  • @winkletter
    @winkletter 11 місяців тому +24

    "What a time to be alive."
    ME: Wait, is this Y Combinator or Two Minute Papers?

  • @warrenhenning8064
    @warrenhenning8064 11 місяців тому +53

    I had thought saving lawyers time was a classic startup trap because law firms don't actually want to bill fewer hours.

    • @bacool
      @bacool 11 місяців тому +2

      😂

    • @yeetdeets
      @yeetdeets 11 місяців тому +21

      Suppose that if the delta is large enough, it forces their hand. "Use it or get left behind" kinda deal.

    • @jptre
      @jptre 11 місяців тому +1

      lololol

    • @lawyermahaprasad
      @lawyermahaprasad 11 місяців тому +1

      Not really, there is a curve for that. Better to have volume than the same grinding. PS: We do not our clients to go bankrupt. If we can save some money for them we do.

    • @cdv130
      @cdv130 11 місяців тому

      I think this is kind of an optimization problem, mixed with a "human factor": law firms definitely want to bill "enough or a reasonable number of hours" for a case, but also process any relevant evidence and do the legwork as fast as possible.

  • @chapterme
    @chapterme 11 місяців тому +7

    Chapters (Powered by ChapterMe) -
    00:00 - Intro: The Story of Casetext
    00:48 - Part 1: Jake's founder origins
    03:09 - Part 2: How Casetext got to product market fit
    04:36 - The Process
    06:45 - Early access to GPT-4
    08:52 - Golden demo
    10:56 - Part 3: Moving fast and building the future
    13:29 - Ex: California Innocence Project
    14:25 - Mega opportunities for builders
    16:08 - Never been a better time to start a company
    17:14 - Outro

  • @shashigoud7478
    @shashigoud7478 11 місяців тому +5

    Iam working at a charterered accountant firm in india , i have to review the tax returns , most of the work is redundant and when i see technology like gpt it helps to reduce our work to a large extent , i literally feel like this technology will impact the world more than the internet doing provided if we can sort out hallucinations it has.

    • @VhantomYT
      @VhantomYT 11 місяців тому +2

      How many attempts, bro? I'm thinking of starting the CA exam at 25. (A lot of things have happened, and currently, I am trying to sort out my life.) Would you recommend the CA course at this age? Just a senior secondary (12th) pass-out here.

  • @nicklesseos
    @nicklesseos 8 місяців тому

    This is a great case study. Makes you think! Thank you for the push

  • @joeromero4819
    @joeromero4819 7 днів тому

    When the person said to give the customer what they want the lawyers. My question is whether you compromise on anything important or manipulate at the customer's request?

  • @maneel_
    @maneel_ 11 місяців тому

    Thank you Y combinator for sharing.

  • @robertopena6621
    @robertopena6621 11 місяців тому +7

    Is it me or was it a failing company until they connected to the OpenAI API

    • @maxsurgai
      @maxsurgai 11 місяців тому

      the past is in the past

    • @brandonreed09
      @brandonreed09 7 місяців тому +1

      No. They just reached a plateau of growth. The AI allowed them to accelerate their growth again.

  • @JosephRivera517
    @JosephRivera517 7 місяців тому

    What do you think are the downsides of a legal judgment prediction model? Do you think it is feasible in the real world?

  • @davidrduch2334
    @davidrduch2334 11 місяців тому +5

    i summarise the success of this company in 1 sentence
    " Early access to gpt4 " . Like khan academy .
    anything to do with altman's YC connections 🤔
    still love your vidz tho

    • @ycombinator
      @ycombinator  11 місяців тому +4

      Doing RAG well is hard. Sanding down the edges is hard. Building a team is hard. Having proprietary data is hard. Selling is hard.

  • @BizLytInteractive
    @BizLytInteractive 11 місяців тому

    Good Job. adding International Legal requirements in our project. Custom requirements, Import/Export, product regulations, etc.

  • @philipwhiuk
    @philipwhiuk 11 місяців тому +2

    Bought out by Thomson Reuters for 650M

  • @DivineMisterAdVentures
    @DivineMisterAdVentures 7 місяців тому +2

    Not an interview - it's an infomercial. Obvious omissions of any mention of hallucinations. It's all golden - I'll bet. CaseText and CoCouncil focus on establishment money. Not anything better.

  • @sepidehyazdi5358
    @sepidehyazdi5358 11 місяців тому +1

    This is so inspiring

  • @Alphfirm
    @Alphfirm 11 місяців тому

    Thanks for sharing!

  • @Salvatoreluciano.
    @Salvatoreluciano. 11 місяців тому

    I applied to YC in September and I never got an email.

    • @ycombinator
      @ycombinator  11 місяців тому +3

      We are still reading and interviewing

  • @rbright1721
    @rbright1721 11 місяців тому

    Creating a viable business model around this idea seems challenging. The model would only be beneficial if it could incorporate oral supplements, but obtaining permission for audio file input, given that they are considered court property, is unlikely. Nevertheless, the model could still prove valuable for appeals or projects focused on innocence. The limitation lies in the financial aspect; if they had sufficient funds, they might have avoided unfavorable outcomes in the first place.
    Disclaimer
    This content was generated 40% by artificial intelligence. It may contain errors or inaccuracies, and should not be relied upon as a substitute for professional advice.

  • @cherubin7th
    @cherubin7th 11 місяців тому +2

    Legal stuff in the US is strange. Here we just look up the law in the appropriate law book and the evidence.

    • @_hadoken
      @_hadoken 11 місяців тому +1

      If you're referring to the differences between common law and civil law, I find the fact that the court can technically be free to be entirely inconsistent and ignore precedent in civil law jurisdictions quite strange myself.

  • @pacifiquebusiness
    @pacifiquebusiness 11 місяців тому

    👏