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Litera to Acquire Legal AI Pioneer Kira Systems, Enhancing its Transaction Management Offering

LawSites

Alexander Hudek , a computer scientist, founded the company in 2011, originally under the name DiligenceEngine (which I reviewed in 2014 ). The company developed what was the first of a now-common class of products that use machine learning for contract review and analysis. Waisberg will serve as a strategic advisor to Litera.

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Fueled By $20M Raise, Kira Spin-Off Zuva Reveals Its First Product

LawSites

Seven weeks ago, as Litera announced its acquisition of Kira Systems , the pioneering AI contract analysis company, Kira announced the spin off of a new company, Zuva , to continue developing machine learning technology for business documents. Alexander Hudek , is also joining Zuva as strategic advisor.). First Product Release.

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Regulatory Risks for Not Disclosing Trading Algorithms – Five Takeaways from the SEC’s $170 Million Settlement with BlueCrest Capital

Debevoise Data Blog

Regulators in the United States and abroad are showing increasing interest in pursuing enforcement actions against companies that deploy artificial intelligence, machine learning, or algorithmic-based applications (“AI”) in a way that the regulators perceive as harmful to the public.