Luminance’s boss: Why building our own AI beats ‘rented intelligence’ Legal Amid a surge of legal AI tech firms coming to market, concerns are emerging about ‘rented intelligence,’ with some companies criticised for simply putting their logos on technology developed by others. In contrast, Luminance insists it is focused on the bigger picture, betting its future on AI models it has built in-house. Speaking to City [...]
Schroders backs Wayve and Elevenlabs with UK’s first venture capital fund for pensions Investing Autonomous vehicle unicorn Wayve and deeptech darling Elevenlabs are among the fast-growing unicorns that have been backed by the cash raised in a historic funding round by the UK’s first venture capital vehicle set up to cater for pensions. Schroders Capital announced on Wednesday it had injected over £100m into British-based tech and life sciences [...]
London legal AI firm Luminance secures £32m funding in US expansion push Tech Luminance’s proprietary legal AI model automates the negotiation of contracts and other legal documents to speed up a lengthy process.