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Doing Diligence Well In Venture Investing: Going Back To The Future

Crunchbase News

By Nicolas Sauvage Due diligence has made a comeback. On an average deal, VCs would spend 118 hours on due diligence and call 10 references. The assumption was often that someone else had already done the diligence. With that, high-quality diligence has returned, and it is both art and a science.

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Microsoft announces Syntex, a set of automated document and data processing services

TechCrunch

Two years ago, Microsoft debuted SharePoint Syntex, which leverages AI to automate the capture and classification of data from documents — building on SharePoint’s existing services. ” Syntex offers backup, arc1hiving, analytics and management tools for documents as well as a viewer to add annotations and redactions to files.

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Generative AI usage gains traction among enterprises: McKinsey

CIO

The usage of generative AI across enterprises is already widespread, although it is still early days for the new technology, according to a report from McKinsey’s AI consulting service, Quantum Black. This usage was highest in the technology sector, and among respondents from North America, the report showed.

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NLP helps Eli Lilly work at a global scale

CIO

From internal training materials to formal, technical communications to regulatory agencies, Lilly is translating information often,” says Timothy F. That married up well with an opportunity to explore and learn emerging technologies,” he says. “It Passion project pays off. The automation has also led to a big cost savings. “In

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3 key digital transformation priorities for 2024

CIO

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

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Filevine raises $108 million for tools that streamline legal workflows

TechCrunch

.” The large tranche is a sign of the strength of the legal tech market, whose growth accelerated as the pandemic led to record demand for legal services and a shortage of qualified talent. For example, according to a report published by the American Bar Association, nearly 10% of lawyers now use some form of AI-based legal tech.

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The early returns on gen AI for software development

CIO

Early use cases include code generation and documentation, test case generation and test automation, as well as code optimization and refactoring, among others. Still, gen AI for software development is in the nascent stages, so technology leaders and software teams can expect to encounter bumps in the road.