169 | ⚙️🏧 AI in the M&A Process

In today’s Brainyacts:

1. AI in the M&A Process

2. Introducing NVIDIA’s Chat with RTX

3. Google Gemini is saving your conversations and other AI model news

4. Big employers monitoring employee messages via AI and other related content

👋 to new subscribers!

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Lead Memo

⚙️🏧 AI in the M&A Process

Bain & Company recently polled more than 300 M&A practitioners about their views on using generative AI in their M&A processes

• Generative AI use for M&A deal processes is low at 16% today, but it is expected to reach 80% over the next three years.

• Early adopters are using generative AI primarily to identify targets or conduct document review, and they are seeing benefits.

• 85% of current users indicated that generative AI met or exceeded their expectations.

• The biggest challenge for practitioners will be determining how to use generative AI to create a differentiated advantage.

You can check out the full article HERE.

Spotlight

🤯🤯 NVIDIA (AI chip maker) drops bomb with release of Chat with RTX

Chat with RTX lets you create a custom GPT chatbot trained on your own local data - documents, videos, everything. You do need specific types of equipment for now (e.g., PC only with certain chips). Read more here.

Regardless, with this development, the current cloud-based models of OpenAI, Google, and Microsoft will be challenged. Will every consumer want their own local chatbot? If it is easy to use, yes? Don’t forget Microsoft plans on adding an AI button to the keyboard of its future models but we don’t yet know if Copilot will ever be able to run locally versus being connected to the internet.

Nevertheless, developments like these are the start of some new branch in the ongoing development of AI usability.

This is massive because it runs fully offline on your personal Windows PC, unlike many of the leading cloud-based AI models. This localized approach is a game-changer

• You can customize the AI to your business by training it on your documents, videos, and all your other data.

• Chat with RTX supports .txt, .pdf, .doc, .docx and .xml

• This allows for incredibly relevant assistance in searching/summarizing your material and creating new content.

• All your data remains fully secure on your local machine — no need to upload sensitive information to external servers.

• With RTX acceleration, you get super-fast chat outputs without needing internet access.

• Uninterrupted productivity as you roam internet-free.

• Since Chat with RTX runs offline on your personal Windows PC, you can iteratively improve it over time by further personalizing it to your ever-evolving workflow.

AI Model Notables

► OpenAI might start remembering you.

► Google saves your conversations with Gemini for years by default

► Google One hits 100 million subscribers

► Azure OpenAI Service announces Assistants API, New Models for Finetuning, Text-to-Speech – all related to  the ability to build sophisticated copilot experiences in your apps

► OpenAI has a new offering: Reserved Capacity

► This AI makes fun of being too careful when making AI, showing how focusing too much on being responsible can be silly.

News You Can Use:

➭ New survey shows more than a quarter (26%) of respondents in UK use generative tools at least once a month across the legal profession

➭ How Walmart, Delta, Chevron, and Starbucks are using AI to monitor employee messages

➭ NVIDIA CEO: Every country needs sovereign AI

➭ European Commission seeks input on AI misinformation guidelines for elections

➭ US Patent Office: AI is all well and good, but only humans can patent things

➭ Artists score a win against AI art generators in ongoing copyright battle

➭ Pakistan’s Imran Khan uses AI to make victory speech from jail

➭ Kenya faces backlash over new AI and robotics bill

Who is the author, Josh Kubicki?

Some of you know me. Others do not. Here is a short intro. I am a lawyer, entrepreneur, and teacher. I have transformed legal practices and built multi-million dollar businesses. Not a theorist, I am an applied researcher and former Chief Strategy Officer, recognized by Fast Company and Bloomberg Law for my unique work. Through this newsletter, I offer you pragmatic insights into leveraging AI to inform and improve your daily life in legal services.