- From Akin Gump: Policymakers Focusing in on Artificial Intelligence. “Following a series of recent events involving policymakers from Trump’s Administration and Capitol Hill, artificial intelligence (AI) was the second hottest topic in D.C.”
- From Haynes and Boone:’s Stephanie Sivinski in Law 360: 4 Ways Advances in AI Could Challenge Patent Law. “Looking further into the future of AI, it is becoming plausible that a machine could devise an invention without any direct input from humans. That would probably not be a physical object, but perhaps a suggestion for a new chemical compound or an optimized method of medical treatment. Recognizing the AI as the inventor of the technology could put patent law into uncharted territory….”
- Insurance (UK): Consumers Increasingly Happy to Let AI & Robots Sort Out Claims. A survey of 2000 consumers in the UK is discussed here.
- Here’s an interesting 14-minute podcast from Above the Law: Managing A Law Firm Right Requires A Good Map. “Data analytics are essential for the successful law firm.”
- From Pinset Masons‘ Out-Law.com: CMA (the UK’s Competition and Markets Authority): collusion could be addressed with personalised pricing. “The risk of businesses colluding with one another over the price of goods and services would diminish if there was extensive use of personalised pricing algorithms in digital markets….”
- Roman V. Yampolskiy of the University of Louisville: AI Systems Could be Able to Own Property, Sue, Hire Lawyers and Enjoy Freedom of Speech. “Humans aren’t the only people in society at least according to the law. In the U.S., corporations have been given rights of free speech and religion. Some natural features also have person-like rights. But both of those required changes to the legal system. A new argument has laid a path for artificial intelligence systems to be recognized as people too without any legislation, court rulings or other revisions to existing law.” “Those human figureheads could be used to expand corporate rights or even establish new rights specific to artificial intelligence systems expanding the threats to humanity even more.” Much more here.
- Gibson Dunn’s H. Mark Lyon, Claudia M. Barrett, Frances Annika Smithson and Ryan K. Iwahashi posted this lengthy, scholarly piece: Artificial Intelligence and Autonomous Systems Legal Update (3Q18). “We are pleased to provide the following update on recent legal developments in the areas of artificial intelligence, machine learning, and autonomous systems (or “AI” for short), and their implications for companies developing or using products based on these technologies.”
- From The Indian Express: PM Narendra Modi: ‘Artificial intelligence, blockchain to change nature of jobs’. “…(A)rtificial intelligence, machine learning, blockchain, and big data, can take India to new heights of development and improve people’s quality of life. Our diversity, our demographic potential, fast-growing market size and digital infrastructure has potential to make India a global hub for research and implementation,….”
- Counterintelligence Implications of Artificial Intelligence—Part III by Jim Baker … former General Counsel of the FBI. “This is the third post in my series about the counterintelligence implications of artificial intelligence (AI). The first two are here and here.” “AI and Big Data are a potent combination with many implications. This post focuses on how adversaries might apply AI to the vast amount of data that they collect about American to understand us, predict what we will do and manipulate our behavior in ways that advantage them.” Scary stuff here.
From Artificial Lawyer:
- Two Thirds of Large Corporates Implementing RPA (Robotic Process Automation)– Deloitte Report. “While many law firms perhaps are not looking at RPA yet – although they may be using LPOs that do use this approach – there are some interesting parallels with doc review automation in law firms.” Story here.
- More about DoNotPay’s recent release/expansion, including a list of the 14 applications. “Not a single one of the things above you could not do on your own. None of them give you new rights or powers that you did not already have (if you live in the right location). All they do is encourage you to go out and get what someone else, somewhere in the vast sprawl of civic, justice and consumer organisations out there, has already created for public use….” (And here’s an update to the post from ABA Journal.[Updated on Oct. 11 after the app’s launch to add details about the issues users were reporting and Browder’s response.])
- Viewpoint: Nouriel Roubini Hammers Blockchain + Crypto’s Failings. “…(B)lockchain tech and the cryptocurrencies that have evolved with it are not without their challenges, as is the case with all tech, from AI systems to mobile phones to airliners to hairdryers.”
- As a die hard Tar Heel, I have issues with anything to do Duke University (a.k.a., “dook”), so it pains me a bit to post this: Seal Software and the Duke Law AI Showdown – #TheRealThing. There was a competition, and “the legal professionals from Duke, UNC and Wake Forest were nothing short of awesome in how quickly they grasped the issues for analysis, and even more so how quickly they mastered the technology at their disposal to solve their problems.” Of course, the team from UNC won the competition even though it took place on Duke’s home court. In conclusion, “… our group of energetic students showed to a certainty the power that a genuine AI platform can deliver.”
- Developing Blockchain Technology Has Potential to Aid Real Estate Transactions. “…(T)he technology has the potential to significantly increase the speed and reduce the costs of real estate transactions, as well as make investments safer and more liquid.” More here.
- From ETH News: Senate Committee Hears Two Very Different Takes On Blockchain. “The banking committee today heard blockchain offers ‘otherwise unattainable benefits’. It also heard it is just a ‘glorified spreadsheet’ that will never produce anything of value.” Testimony of several witnesses is summarized here.
- For your weekend reading, here’s another fairly understandable explanation of blockchain. Blockchain for Lawyers: What Is a ‘Distributed Ledger’, and Why Is It Useful to Lawyers? by EffortlessLegal’s Holly Urban.
- This infographic (quite a few images followed by narrative) may also help you understand the basics of cryptocurrencies. It’s from Bitcoinfy.net.