Assertion Supported AI assessment confidence: 99% certainty 4/5 debate potential 1/5

Bloomberg acquired BNA for approximately $1 billion

Itai Gurari · Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital) · Jan 16, 2014 · at 8:14

Itai Gurari, CEO of Judicata, details major legal research acquisitions by competitors during his presentation.

0:00 / 0:06exact quote · 6.8s
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“More recently they bought BNA, which is a company that was founded in two, in 1929. For about a billion dollars.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Itai Gurari

Assertion Not checkable as stated
Bloomberg and LexisNexis failed at structuring legal data
“Bloomberg tried to do a lot of the things that we were doing and did not succeed. Lexus has tried to do a lot of these things and has not succeeded. It's not something where you just throw resources at it.”
Itai Gurari Jan 16, 2014 ▶ 18:50 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
Assertion Not checkable as stated
NLP is not yet advanced enough to fully automate legal research
“The NLP isn't quite there. It may never get there.”
Itai Gurari Jan 16, 2014 ▶ 10:16 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
Insight
Humans maintain an advantage over computers in handling varied data inputs
“The one place where people make a big difference and actually have a leg up on the computers is that people can handle a broad range of data inputs.”
Itai Gurari Jan 16, 2014 ▶ 4:58 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
Disclosure
Judicata raised $8 million from Peter Thiel and Khosla Ventures
“We've been fortunate enough to have raised about eight million dollars from Peter Thiel and Coastal Ventures, and it's allowing us to do everything we want to do, but at the same time, it's not the half a billion dollars that some of our competitors have.”
Itai Gurari Jan 16, 2014 ▶ 9:46 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
Assertion Not checkable as stated
Judicata cuts legal ontology creation time from one year to weeks
“And at the end, we've broken down this process into something that instead of taking a year, might take two weeks or four weeks.”
Itai Gurari Jan 16, 2014 ▶ 13:17 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
Disclosure
Judicata transforms unstructured case law into structured data
“What we're doing is, ah, transforming unstructured case law into structured data.”
Itai Gurari Jan 16, 2014 ▶ 3:08 Itai Gurari, Judicata // Data Driven NYC 21 // Dec 2013 (Hosted by FirstMark Capital)
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