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Gabe Pereira

๐Ÿ‘ค Speaker
341 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And I think with like a lot of the legal work that gets done, there is stuff that is just not digital, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so like from a capability perspective, I think I'm actually like, I did AI research.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

I'm pretty aligned with like Dario and like the way these things are going.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And I think

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

To me, the biggest thing that I see in the legal industry is people don't think this is going to be as serious or it's going to happen as fast as it is happening because we're seeing this happening in engineering right now.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

These models are getting so good at programming that they are better than most human engineers.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And to me, it's like there's no clear research blocker that that's not going to continue.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And it's going to keep speeding up because I think that research path is pretty clear.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And then a lot of what we're doing is how do we take those models that are really good at programming and translate them into legal.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so I do think we will build systems that have the capability of automating

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

large parts, most parts of transactions.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

My point is just there's parts of that that are not technical problems, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Like if you think of a negotiation, there is a part of a negotiation that has nothing, it doesn't matter how smart you are or how technical you are, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

It's like, it is a human to human thing.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And it's like when you meet the GCs of a lot of these large companies, it's like when is the GC of a large private equity firm that is raising a $20 billion fund going to be comfortable with AI automating that entire fund, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

It's like the downside's so big, it's just not worth it, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

It's like, okay, maybe you can do that 30% cheaper, but the cost of a mistake is like that fund is structured incorrectly.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And now I just lost $2 billion.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

It's like,

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

I'll just have one of these law firms do it, and I'll have the partner review it, but hopefully they use AI for parts of it.