LegalZoom formed AI partnerships with Perplexity and OpenAI, driving user growth and prompting Bank of America to upgrade its stock.
1 report, 1 independent
Updated Aug 8
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What happened
LegalZoom formed AI partnerships with Perplexity and OpenAI, driving user growth and prompting Bank of America to upgrade its stock.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- LegalZoom, led by CEO Jeff Stibel, is leveraging LegalZoom resources within a ChatGPT agent using OpenAI's collaboration.Sub-event
LegalZoom expands AI partnerships with Perplexity and OpenAI, leading to positive market sentiment from BofA.1 source
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The entities involved
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Perplexity
chatbot search engine
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Bank of America
American multinational banking and financial services corporation
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LegalZoom
American legal technology company
Related events
- Major tech companies are competing in the legal AI space, with Google forming partnerships with Thomson Reuters, Legora, Docusign, and NetDocuments to enhance legal tech offerings.
- Legora and OpenAI compete in the legal AI sector, with Crunchbase tracking $2 billion in investments and Khosla Ventures leading a Series B funding round.
- Investment firm Insight Partners holds stakes in major AI companies including OpenAI, Databricks, and Anthropic.
- Mark Zuckerberg is reportedly taking competitive actions against OpenAI and Anthropic, while Meta navigates market challenges, including being tracked on Nasdaq and forming a partnership with BlackRock.
- Reddit signed licensing deals with OpenAI and Google, providing training data and sparking market analysis on AI disruption.
Coverage
Newest first; wire copies grouped- Investing.comLegalZoom jumps after BofA upgrades stock on AI boost Investing.com -- Bank of America raised its rating on LegalZoom to Buy from Underperform on improving subscription trends and new AI partnerships