Rising DRAM and NAND memory costs are pressuring margins at Nintendo and Sony while posing indirect launch risks for Take-Two Interactive's GTA6 release.
Rising DRAM and NAND memory costs are pressuring margins at Nintendo and Sony while posing indirect launch risks for Take-Two Interactive's GTA6 release.
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool wou...
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool would be used for fund documentation, drafting side letters, and keeping track of private equity firms' deals with their investors and monitoring compliance. It can also help in advising on continuation vehicles, through which private equity firms sell companies to themselves. Palantir ( PLTR ) won't have access to confidential client data, Erica Berthou, partner in Kirkland's investment funds practice, told FT . "It became really important for us to take [our] institutional knowledge and senior partner judgment and embed that into an AI system," she said. "This will speed up and make the complex fundraising market system more efficient." Berthou added that this could lead to a shift from billing clients for the number of hours worked to charging them for an overall project. To note, Kirkland advised on funds that raised, or aimed to raise, nearly $500B in total last year. Last week, the law firm said it would invest $500M over 3-4 years to create a custom AI platform, starting with $100M this year. This is the largest AI-related investment disclosed in the legal industry. More on Palantir Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Palantir: The Bottom May Be In; Next Stop $250 (Technical Analysis) Michael Burry reiterates bearish views on Palantir Palantir’s NHS deal faces criticism from UK parliamentarians
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool wou...
hirun/iStock via Getty Images Kirkland & Ellis, the world's highest-grossing law firm, has reached a multiyear deal with Palantir ( PLTR ) to build an AI tool to advise private equity firms on raising money from investors such as pension funds, the Financial Times reported. The law firm will use the AI tool to provide its top partners' expertise to more than a thousand of its lawyers. The tool would be used for fund documentation, drafting side letters, and keeping track of private equity firms' deals with their investors and monitoring compliance. It can also help in advising on continuation vehicles, through which private equity firms sell companies to themselves. Palantir ( PLTR ) won't have access to confidential client data, Erica Berthou, partner in Kirkland's investment funds practice, told FT . "It became really important for us to take [our] institutional knowledge and senior partner judgment and embed that into an AI system," she said. "This will speed up and make the complex fundraising market system more efficient." Berthou added that this could lead to a shift from billing clients for the number of hours worked to charging them for an overall project. To note, Kirkland advised on funds that raised, or aimed to raise, nearly $500B in total last year. Last week, the law firm said it would invest $500M over 3-4 years to create a custom AI platform, starting with $100M this year. This is the largest AI-related investment disclosed in the legal industry. More on Palantir Palantir: Strong Execution, But The Budget Ceiling Is Now Visible Palantir: The Bottom May Be In; Next Stop $250 (Technical Analysis) Michael Burry reiterates bearish views on Palantir Palantir’s NHS deal faces criticism from UK parliamentarians
CoreWeave (NasdaqGS:CRWV) expanded multi-year AI infrastructure agreements with Anthropic and Meta Platforms, including a Meta contract that runs to around 2032. The company is set to join the Russell 3000 Index, increasing its visibility with institutional investors. CoreWeave also invested in AI startup Tensormesh, adding to its AI infrastructure capabilities alongside its previously announced V...
CoreWeave (NasdaqGS:CRWV) expanded multi-year AI infrastructure agreements with Anthropic and Meta Platforms, including a Meta contract that runs to around 2032. The company is set to join the Russell 3000 Index, increasing its visibility with institutional investors. CoreWeave also invested in AI startup Tensormesh, adding to its AI infrastructure capabilities alongside its previously announced Vera Rubin hardware launch. CoreWeave is an AI infrastructure provider focused on high...