Keep pulling the thread on Kirkland & Ellis.
The law firm Kirkland & Ellis is planning to spend half a billion dollars to build its own internal AI platform.
John Bayless, chairman of Kirkland & Ellis, believes AI tools will accelerate the trend of value-based pricing and move away from the billable hour model.
AI coding startup Cognition has closed a billion-dollar funding round, valuing the company at $26 billion.
Cognition's enterprise usage has increased 10x so far this year, leading to a revenue run rate of almost half a billion dollars.
The proportion of internal code at Cognition committed by its AI agent Devin has risen from 17% in January to 89% currently.
Mark Zuckerberg stated that Meta would consider competing with AWS, Google Cloud, and Microsoft Azure in the AI cloud market if the company overbuilds its compute capacity.
Meta is projected to spend approximately $130 billion on building AI data centers this year.
Microsoft is expected to release a new family of AI models, including specialized models for coding, reasoning, transcription, speech, and images, at its Build conference in June.
Anthropic has released Claude Opus 4.8, positioning it as an upgrade focused on refinement rather than a major leap in performance over Opus 4.7.
Anthropic claims a prominent improvement in Opus 4.8 is its honesty, making it more likely to flag uncertainties and less likely to make unsupported claims.
Dan Shipper of Every claims that Anthropic's Opus 4.8 is a "monster" and is so good it could have been called Opus 5.
Anthropic introduced Dynamic Workflows in Claude Code, a feature allowing Opus 4.8 to create and manage hundreds of subagents for parallel work on complex tasks.