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CONTRACT DRAFTING AUTOMATION
Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- Top-level rejig hits mid-cap ITs; Fintechs wary of RBI wallet rulesHappy Thursday! Mid-sized IT firms are realigning leadership teams as AI-driven changes force a rethink. This and more in today's ETtech Mo...
- As AI use increases at work, many employees still choose not to use it: Gallup pollMost workers using AI report productivity boosts. Roughly 3 in 10 employees are frequent users of AI in their jobs, meaning they use it dai...
- AI automation to drive mass white-collar job losses in 12-18 months, says Andrew YangAndrew Yang, a former presidential candidate, predicts significant job losses for white-collar workers. He believes artificial intelligence...
- AI Impact Summit: Profit comes first, not jobs for IT companies, warns Vineet Nayar as AI boom could worsen job crisisIndian IT firms will focus on profits, not jobs, as AI transforms sectors. Former HCL Technologies CEO Vineet Nayar highlights this trend. ...
- Microsoft AI chief Mustafa Suleyman predicts widespread white-collar job automation within 12-18 monthsSuleyman predicted that creating customised AI models will soon be as simple as launching a blog or podcast today. Within two to three year...
- SaaS startup SpotDraft raises $8 million from Qualcomm VenturesSpotDraft said the fresh capital will be used to strengthen its product and artificial intelligence (AI) capabilities and to expand its ent...
- AI agents, our prompt work buddies: Why India must harness its demographic dividend with AIAI is rapidly transforming the Indian workplace, with task-specific AI agents expected to feature in 40% of enterprise apps by 2026. These ...
- AI suits are hereAI-driven efficiency is challenging the time-tested hourly billing of the legal industry, but a true shift to value-based pricing is still ...
- 'AI will replace everyone': Nobel prize winner for AI shares a tip hidden in bathroom to protect your careerGeoffrey Hinton, a pioneer in AI, expresses concerns about job security in an automated world, highlighting plumbing as a surprisingly safe...
- AI play: Contract management SaaS firm Icertis doubles down on agentic platformIcertis is enhancing its AI capabilities, developing an agentic AI platform and integrating AI into enterprise workflows. While eyeing an I...
- SpotDraft raises $54 million from Vertex Growth, Trident Partners, othersExisting investors, such as Flipkart cofounder Binny Bansal's Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest, also participate...
- Temasek’s Vertex Ventures to lead $50-60 million funding in SpotDraftFounded in 2017 and headquartered in Bengaluru, SpotDraft offers an AI-powered contract automation platform that assists businesses in draf...
- GenAI, legally: Law firms take up new tech’s caseFirms are using AI tools for contract review and analysis, due diligence, legal research, drafting, predictive legal analytics, knowledge m...
- Karnataka’s proposed law for gig workers to impact business: IAMAIIAMAI warns Karnataka Gig Workers Bill, 2024 impacts business ease. They urge 30-60 days consultation. Overlaps with central codes raise co...
- Karnataka releases draft gig workers Bill; seeks comments from platforms, other stakeholdersKarnataka introduced draft Bill for app-based platforms to provide social security benefits to gig workers and sought public feedback. The ...
- AI company Luminance raises $40 million as contracts tech investment boomsNational Grid Partners and the London-based law firm Slaughter and May were also among the investors in the Series B round of funding for C...
- Army looking for lighter, versatile Made in India artillery gunsThe Indian Army is seeking lighter and more advanced towed artillery guns to replace the current DRDO-developed Advanced Towed Artillery Gu...
- 4,000 legal staffers at PwC get AI assistant as law chatbots gain steamPwC said it partnered with AI startup Harvey for an initial 12-month contract, which the accounting and consulting firm said will help lawy...
- FirstMeridian Business Services files fresh draft papers for IPO; cuts issue size to Rs 740 croreIncorporated in 2018, FirstMeridian provides a wide range of service offerings, including general staffing and allied services, by offering...
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