• The big accounting firms are generally faster than law firms to embrace new technologies, including AI, in their legal practices, so announcements like this by PwC should concern law firms.

 

  • From Quinn Emanuel, “International Arbitration and Artificial Intelligence: Time to Tango?” “Could the future of IA lie in AI? In this short post, I sketch possible ways in which AI-infused tools could help the international arbitration community provide greater value to stakeholders.” Several reasonable scenarios are put forth, but there’s a catch if the author is correct when he writes, “AI decisions must be explainable and cannot operate as a ‘black box’.”

 

  • From Norton Rose, this summary of the ethical and legal issues involving AI.

 

  • In this post, Freshfields explains how they leveraged AI tools from LEVERTON to facilitate a big real estate deal.

 

  • Here, from Artificial Lawyer and Seal Software is an explanation of the workings of Smart Contracts, and perhaps the next step in the evolution of contracts, “Intelligent Contracts.” (Smart Contracts 3.0?)

 

  • Also from Artificial Lawyer: “… Integra Ledger, has … announced the release of an Integra Wallet, which the company says is the first blockchain wallet developed specifically for the use of the global legal industry.”

 

  • From Asia, some disturbing thoughts about AI and the lack of US leadership, “President Donald Trump’s isolationist instincts mean the U.S., a traditional cheerleader for global cooperation, is making almost no effort to lead international efforts to think through AI’s future. Instead, AI’s global standards increasingly look set to be written behind closed doors in Silicon Valley and Beijing, leaving everyone else outside in the cold…. (S)o far neither the G-20 nor any other major international body has grappled with the problems raised by AI….”

 

 

  • More AI on the road, this time in Japan: “…starting next month, Nissan is trialing a fully driverless taxi service in Japan. Called Easy Ride, the service is essentially an AI-controlled version of a ride-hailing app like Uber.”