The artificial intelligence industry is looking to capitalize on the legal services market. Invoke Capital is investing millions in Luminance, a start-up developing artificial intelligence to produce 'thinking computer systems' for use in mergers and acquisition due diligence. This 'knowledge engineering' technology has the potential to transform how we practice law. The potential change in how we do business raises questions about the nature of future legal skills, job security, and ethical conduct.
I, Attorney—Meet the Robot Lawyer
Luminance is one of several other companies developing artificial intelligence (AI) systems geared towards the legal market. Other AI systems include ROSS Intelligence and Kira Systems. So what is AI, and how do these systems work? Artificial intelligence is a branch of computer science dealing with the simulation of intelligent behavior in computers. It is the capability of a machine to imitate human behavior. With AI, people expect a computer to complete human tasks.
ROSS is built on IBM's cognitive computer Watson, the machine that won Jeopardy in 2011. According to the company, it is designed to help with legal research using machine learning and natural language processing. Machine learning is the science of getting computers to act without being explicitly programmed. The learning that is being done is based on observations or data. The systems objective is to improve in the future based on what was experienced in the past.
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