This is shaping up to be a slow week in legal AI, so this post will be almost entirely devoted to giving you a taste of what’s going on in the wider AI world.
- Here are Five of the scariest predictions about artificial intelligence.
- And in a kinda similar vein, here’s Debunking 8 Myths About AI in the Workplace.
- AI is moving into HR in several ways. A few are discussed here: The 4 trends changing recruitment, and the opportunities that they provide for background screening.
- Artificial Intelligence: A net positive for banks. “The steady increase of AI in banking, however, will likely have both positive and negative impacts on the banking industry.” Details here.
- AI is improving Business Intelligence (BI) by helping us ask better questions. “For example, AI is starting to allow BI technology to:
- Tell you what question you should have asked, instead of just answering the one you did.
- Provide relevant, interesting, additional insights about the question you did ask.
- Identify anomalies in the data that might be actionable and proactively alert a business person that action may need to be taken—even if they’ve never asked a question about that dataset in the past.”
- Using artificial intelligence, researchers are teaching a computer to read the Vatican’s secret archives. Coverage here and here.
- From Health Data Management, 3 ways artificial intelligence can disrupt healthcare.
- And speaking of healthcare, here’s Expert Insights: The Future of Drug Discovery Looks to be in the Hands of Artificial Intelligence.
- From Science Magazine: Lip-reading artificial intelligence could help the deaf—or spies.
- Chinese search engine giant Baidu is using AI to drive ad sales and it appears to be paying off. “Company reported a record $3.93 billion in quarterly revenue as net income soared 45%.” Details from the WSJ here.
- As we become more used to talking to computers and other devices, chatbots are poised to take over B2C and even B2B customer service (and your website). Here’s Why AI is The Next Revolution In Customer Service.
- The other world powers are involved, so it’s no surprise that: India considering military usage of Artificial Intelligence. “Minister of State for Defence Subhash Bhamre told the Lok Sabha that the ministry has initiated the process of preparing Indian defence forces in their use of Artificial Intelligence and leveraging India’s capabilities in machine learning sectors.”
- According to the New York Times, thanks to AI and related tech: Stumbles? What Stumbles? Big Tech Is as Strong as Ever.
- Here’s an interesting blockchain story from the WSJ: Nestlé Blockchain Test Traces Ingredients From Suppliers to the Mouths of Babes.
- From the Australian edition of the Daily Mail (of course), here’s Inside a sex robot factory: The frighteningly realistic ‘breed’ of AI-equipped androids – and why the popular ‘female’ has a Scottish accent. It’s pretty much safe for work. There’s a male version in the works.
And here are just a couple of bits re the legal world.
- From Cooley: “The European Commission recently announced that Croatia has become the last Member State to sign the Declaration of Cooperation on Artificial Intelligence. As discussed in our recent blog, the Declaration commits all Member States to cooperate on an EU wide AI strategy. The EC’s strategy is part of a wider programme to develop digital skills and to invest heavily in research and innovation. Part of that strategy will involve coordinating funding across Europe to create synergies. The EC has recognized that AI is an area where you must invest to see results and has proposed a budget of €2.5 billion to assist with the adoption of AI across Europe.”
- From Above the Law: How Artificial Intelligence is Transforming Legal Research. Quotes include, “It’s not technology for the sake of technology.” and “It might be more fun to use cutting-edge technology to solve a problem, but sometimes we might use older technology, depending on the issue.” “The goal is always solving the problem and helping the customer.”
- It’s legal, but this is from Wired Magazine: Despite Pledging Openness, Companies Rush to Patent AI Tech.
- “Clifford Chance (CC) has launched a new training contract focused on legal technology, as the firm looks to nurture up-and-coming talent with an aptitude for areas such as fintech, coding and artificial intelligence. The pilot scheme, called IGNITE, will start in autumn 2021…. The positions, which will be open to law and non-law students, will sit alongside CC’s existing training contracts, and include traditional seat rotations. At the end of the contract, successful trainees will have the opportunity to join one of CC’s key practice areas: capital markets, corporate, dispute resolution, employment, finance, real estate and tax.” More here.
- From Law.com: Law Firms Need Artificial Intelligence to Stay in the Game, “The Legal Department Is Savvier and Has More Options In the Form of ASPs and Legal Technology. It’s Time for Law Firms to Embrace Change. AI Is a Key Ingredient In Doing So.”