Market Intelligence LLC (LexBlog United Kingdom)

Easily the most reported AI story in the past few days has been: UK & France sign major deal for AI & Cyber Security cooperation. “The plan will see the UK’s national institute for data science and artificial intelligence, The Alan Turing Institute, partner with French counterpart DATAIA on research and funding initiatives.” Coverage here, here and here. –...

From Joseph Hage Aaronson in the UK: Artificial Intelligence Against Financial Crime.   Shearman & Sterling via Lexology: Artificial Intelligence and Algorithms in Cartel Cases: Risks in Potential Broad Theories of Harm.   Tel Aviv-based LawGeex, which has developed automated contract review technology…,  is announcing that it has closed $12 million in new investment…. It brings the startup’s...

Better, faster, cheaper: from Artificial Lawyer, “The UK’s Serious Fraud Office (SFO) has announced a partnership with US-based legal data company, OpenText, to make use of its Axcelerate AI-driven doc review tool.The SFO said in a statement that ‘by automating document analysis, AI technology allows the SFO to investigate more quickly, reduce costs and achieve a...

In this post, Mayer Brown lawyers Miles Robinson and Jonathan Cohen discuss the UK’s need for new regulations governing contract law relating to AI.   Artificial Lawyer reports that PactSafe ” is developing novel ways of signing legal documents including a ‘smile to sign’ application that uses facial recognition.” “The application, which also works on mobile devices, allows businesses...

This report from Herbert Smith Freshfields suggests that the “bank of 2040 will be vastly different to the bank of today, with new technology and artificial intelligence making financial services more accessible to underutilised markets and enabling customers to connect with banks in new ways. (That’s 23 years from now; in AI terms, forever. IMHO,...

“See a robot lawyer in action.” This webinar shows tools from Neota Logic, HighQ and RAVN (now part of iManage) combined to evaluate a real estate lease portfolio. Artificial Lawyer discusses another combination; in this case, Neota, Kira and HighQ working together to create a “real estate solution for Linklaters’ Australian ally, Allens.”   Better, Faster,...