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This Week in SaaS: Should Wiz Have Accepted Google's $23BN Acquisition Offer, Crowdstrike: WTF Happens From Here: The Bull and the Bear Case & $1BN into Legal Tech in a Day with Clio and Harvey with Jason Lemkin
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
AI Growth in Legal Tech and Predictions for SaaS AI by 2025
The discussion highlights the rapid growth of AI in legal tech, exemplified by companies like Harvey AI which tripled its ARR to 30 million within two years. However, concerns are raised about the sustainability of revenue growth and the potential for all legal tech products to reach a point of parody in AI features by 2025, where they offer similar functionalities like NDA reviews, basic document review, and eDiscovery. This suggests that differentiation in the legal tech industry may become challenging as products increasingly offer similar AI capabilities.
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