Norm AI has raised $120 million in a funding round led by Khosla Ventures, valuing the legal AI startup at $1.2 billion. The capital will support automation of legal services and changes to industry billing practices after the company has now raised more than $260 million total.
Its technology aims to rethink how the legal industry bills for its work.
Reaching $1.2 billion post-money places Norm AI in unicorn territory after this single investment.
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KDDI disclosed that attackers breached an email platform used by five Japanese ISPs, exposing email addresses of 12,233,087 people and passwords of 7,616,173 others via a zero-day vulnerability first exploited on May 16. The company is forcing password changes and has deployed new detection tools after notifying regulators, with no confirmed secondary damage reported.
Apple has disclosed a more than $30 billion agreement with Broadcom as its largest single pledge under the American Manufacturing Program. The partnership will generate over 15 billion domestically produced chips through an expanded Colorado plant while backing hundreds of U.S. positions.
TSMC's July 16 earnings call is likely to test how far the chipmaker can extend its upbeat guidance amid AI demand and other factors. Investors will watch for upgrades to revenue, spending, and margin targets as the AI boom's longevity comes under scrutiny.
