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Contract analysis: Difference between revisions
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}}Luminaries, [[thought leader]]s and [[digital prophet]]s will tell you that machines can now read and annotate contracts, such that yon poor [[legal eagles]] are no longer needed and will shortly hacve no choice but to work as [[technological unemployment|pleasure droids]] for our transistor-based overlords. Quoth one such [[digital prophet]]: | }}Luminaries, [[thought leader]]s and [[digital prophet]]s will tell you that machines can now read and annotate contracts, such that yon poor [[legal eagles]] are no longer needed and will shortly hacve no choice but to work as [[technological unemployment|pleasure droids]] for our transistor-based overlords. Quoth one such [[digital prophet]]: | ||
:''... 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|loan agreements]] | :''... 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|loan agreements]]. It does in a few seconds 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}} | ||