Kirkland & Ellis, the world's highest-grossing law firm, is setting aside $500M to build its own AI platform rather than rely on tools available to its rivals (Financial Times)
(Visit Techmeme dot com for the link and full context!)
It does sound circular when the article about how disappointing AI is, is also written by AI.
‘“Self-funding the next wave from past returns sounds like discipline. In reality, it is a circular bet with a structural leak,” the firm cautioned’
I hired a Mike Moritz impersonator to hang out at the Rosewood everyday and get pitched by founders that came to meet other investors. Best deal flow ever.
CEOs are uniquely prone to AI psychosis because they’re sufficiently distant from the last mile of work that still has to happen to generate most value with AI.
So when they play with AI, they see the happy path results, often not considering the next 10 or 20 things that have to happen to get sustainable results from agents.
“Look I made this awesome product prototype”. Yes but you didn’t have to review the code before it went into production and fix a bunch of issues.
“Look I generated a contract”. Yes but you didn’t verify all the terms before it goes out to the counterparty and didn’t have to wire up all the past contracts to work with.
The best thing you can do as a CEO is to use AI a *ton* to figure out the real implications of agents in the enterprise, and come out the other side with an appreciation for both the upside and the real work that goes into them.
Today @Mercury announces we've raised $200M at $5.2B!
We're growing and profitable for 4 years running... but we're funding what's coming:
We believe it is a new era for ambitious people in America, and the builders of tomorrow are going to build their finances on @mercury
🚨Lashkar-e-Taiba terrorist sent to India from Pakistan to build sleeper cells instead got a hair transplant surgery in Srinagar and paused his mission after his perspective changed upon entering Kashmir
Founders in SF:
We are doing a live meetup with me (Mercury) @rauchg (Vercel) and @rajatsuri (Lima, ex-Presto/Lyft)
At the Mercury HQ on May 20th. Space is limited so we will pick the most impressive founders.
Come hang out, grab some food and chat about the founding journey!
1/ Today @Mercury received conditional approval from the OCC to establish Mercury Bank, N.A.
I started Mercury in 2017 to build the bank I wish had existed as a founder. Nearly a decade later, we’re getting there.
🧵
Hollywood isn't dead. It's evolving. And we're leading that evolution.
We just shipped Koyal v2.5: The best Agentic AI filmmaking platform. It goes from your script or music to full video with consistent characters, settings & storylines.
Large Production houses, music labels & ad agencies use @KoyalAI for storyboarding & pre-viz.
Smaller studios use it for making content they never had the time, budget or resources to create.
Write a scene. Direct the camera. Build a world. @KoyalAI brings it to life.
Here's what's new:
- Go from script to video:
Write a scene with dialogue, pacing, emotion. Koyal fully realizes it. Using the best voice models on the planet.
- Direct the camera:
Push in. Pull back. Drift through a scene. Real 3D camera blocking. Shape the shot the way you see it in your head.
- Build a world that stays:Lock in a location and return to it. Your scenes stay consistent from the first frame to the last.
Plus: dialogue, SFX, annotations for editing, and more control over every shot.
Under the hood, we benchmark 40+ models weekly with real humans so Koyal always uses the best available (more on that next week!)
Our agents pick the best models for each scene in run-time so you focus on the story, we handle the complexity.
You don't need to prompt a film, you can direct it.
With Koyal, we're looking to replace the camera, not the filmmaker behind it.
Try it now at beta [dot] koyal [dot] ai
DM me for credits!
Emergent is now at $100M ARR (run rate)
We got here in 8 months, making @emergentlabs one of the fastest-ever to do it!
That's not all.
Today, we're unlocking the next billion builders who will build on the go. 📱
Another banger from @SarvamAI , this time: real time speech! We are now world best on all things Indian - accents, languages, tones - speak any Indian language in the same conversation, we will switch our tokenizer/mode, and automatically transcribe. Don't miss the demo video!