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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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Colin Lachance on Jurisage’s MyJr and How He’s Looking at AI to Assist in the Synthesis and Reading of Legal Cases (TGIR Ep. 190)

3 Geeks and a Law Blog

It is pretty apparent that we are in a super Hype Cycle when it comes to AI tools like ChatGPT, but for many of us in the legal profession, we’re not used to reaching this point of the cycle at the same time as the rest of the world. Lachance is working to use the GPT 3.5 tools or ChatGPT, into their products. So give us some background.

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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.