Legora

Cognition CEO Scott Wu criticized token spend leaderboards, arguing employees should be evaluated based on output rather than AI token usage. He highlighted Cognition's $26B valuation and its AI coding tool Devin, while other tech leaders like Legora's Jacob Lauritzen and Cerebras Systems' Andrew Feldman also decried tokenmaxxing as wasteful.

Cooley, a Silicon Valley law firm, has launched Cooley Go Lab, an AI-powered portal for startups to handle routine legal tasks. The tool, developed with Legora, targets founders in Y Combinator's summer cohort to address common contract issues. It aims to replace chatbots with a structured, law-firm-backed solution for document review and drafting.

Legora, a legal AI startup valued at $5.6 billion, plans to double its headcount. The company has experienced a 900% increase in website traffic since launching a campaign featuring Jude Law.

Legora's CTO criticized tokenmaxxing as an ineffective method to encourage AI use, advocating for demo days and hack days instead. The article notes that companies like Uber and Amazon are implementing token caps, and industry leaders are questioning the costs and effectiveness of AI usage dashboards.

Stilta raises $10.5M in seed funding led by Andreessen Horowitz to help companies rediscover forgotten patents. The round also includes investors from YC and operators from companies like OpenAI and Legora. This investment aims to support Stilta's mission in patent rediscovery.

Legal AI startup Legora has reached a $5.6 valuation, intensifying its rivalry with competitor Harvey. Both companies have rapidly grown, raised significant funds, expanded into each other's markets, and launched competing ad campaigns.