Contract analysis: Difference between revisions

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:''Besides manipulating the physical world, machines are also increasingly encroaching on tasks that, until now, have required a human ability to think and reason. In the legal sphere for example [[J. P. Morgan]] has developed a system that reviews commercial loan agreements, it does in a few seconds it does what would have required, they estimate, about 360,000 hours of human lawyer time.''
:''Besides manipulating the physical world, machines are also increasingly encroaching on tasks that, until now, have required a human ability to think and reason. In the legal sphere for example [[J. P. Morgan]] has developed a system that reviews commercial loan agreements, it does in a few seconds it does what would have required, they estimate, about 360,000 hours of human lawyer time.''
: — {{author|Daniel Susskind}}, {{br|A World Without Work}}
::— {{author|Daniel Susskind}}, {{br|A World Without Work}}


Sounds fantastic, doesn't it? Preternaturally intelligent silicon minds scanning and processing gigabytes of diverse text in an instant and analysing it for all material quirks and issues, like Zen from ''Blake’s Seven''.
Sounds fantastic, doesn't it? Preternaturally intelligent silicon minds scanning and processing gigabytes of diverse text in an instant and analysing it for all material quirks and issues, like Zen from ''Blake’s Seven''.