• Baker McKenzie steps toward next-generation contract analytics. “The global law firm has partnered with ContraxSuite by LexPredict, an open-source contract analytics and legal document platform.” “The custom software reduces time spent on legal document review, making sure human talent is focused more on high-value work, he said. ContraxSuite uses AI and human input to augment and integrate the user’s experience with the document they are working on.” More here.

 

  • From Cozen O’Connor: Ford’s new AV Unit, including Argo AI, opens door to all kinds of investors. “Ford expects to invest $4 billion in its autonomous vehicle efforts, including $1 billion in Argo AI over the next five years, and has structured Ford Autonomous Vehicles to take on third-party investments.”

 

  • Looking for a new home? Revolutionary New Real Estate Shopping Platform HomLuv.com Solves Millennial Home Buying Woes. ” HomLuv.com is a revolutionary new, AI-driven home shopping platform that helps buyers find the right home in the right area and price range with customization features that they have come to expect.” Here’s the press release.

 

  • Google has promised this sort of real-time translation for a while, but it never seems ready for prime time. I look forward to reviews of this one. Xiaomi’s new feature phone does real-time voice translation in 17 different languages. “It is a 4G VoLTE-enabled feature phone that runs on a forked Android OS called Mocor 5. The highlight of the device is its AI voice feature that does real-time voice translation in 17 different languages. Using AI, the phone is said to answer questions and tell stories to young ones.”

 

  • From DLADLA Piper advises doc.ai in partnership with Anthem, Inc., to launch AI data trial. “The 12-month trial will begin in August and explore whether AI can be used to predict when people will experience allergies or allergy patterns. To do so, doc.ai and advisors from Harvard Medical School will develop a framework for using machine learning to identify predictive models for allergies based upon the phenome (e.g., age, height, weight), exposome (e.g., exposure to weather/pollution based on location) and physiome (e.g., physical activity, daily steps) data collected from participating Anthem employees and members of the public. Participants will help accelerate research and benefit from the system’s personalized health insights.”

 

  • Upcoming webinar: “Blue J Legal’s CEO, Benjamin Alarie, will give a walk-through of Employment Foresight, a new AI-powered software being used by lawyers, in-house counsel and HR professionals to accurately predict how courts will decide outcomes of challenging employment law issues like reasonable notice periods. He will use the classifier on a recently decided case and demonstrate the impacts of key factors, including which factors can swing a decision one way or another.”

 

  • This is a bit of an infomercial from iManage RAVN, but worth a quick read nonetheless. Lawyers Reaping the Rewards From AI Robots: How Artificial Intelligence is Transforming the Legal Industry. “The real threat AI robots pose is to those lawyers who, through inertia or fear, fail to use AI to help them be more productive, smarter professionals. These lawyers shouldn’t fear being replaced by AI robots but instead, by those lawyers who are using AI to deliver services better than them.”

 

Blockchain

  • Well this hits close to home. Nashville’s real estate market has been on a tear for about a decade (now somewhat constrained by lack of inventory), and now, here come the cryptocurrency investors, “a growing number of competing technology-based ventures flooding Nashville’s real estate market with millions of dollars.” “Our business is something people haven’t seen before,” said Andrew Jewett, co-CEO of Property Coin. “We are buying homes in both cash and cryptocurrencies. We love the Nashville market and want to buy $50 million in Nashville real estate in the next year.”

 

  • From White & CaseIs blockchain M&A poised to accelerate? “As the token industry continues to mature, opportunities for M&A transactions will continue to abound. Start-ups will seek exits and infrastructure players in a fractured market will be consolidated and absorbed by more efficient market leaders. And in a bid not be left behind, established market players will leverage their existing client bases to pivot toward token exposure.” “In navigating these transactions, however, it is important to remember that token technologies, while novel and potentially revolutionary, are not immune from the fundamental legal, regulatory and compliance frameworks that apply to business, and in particular financial services business, more generally.”