on February 27, 2018
298 It’s hard to ignore the ways artificial intelligence (AI) has already bested humans, from making incredibly convincing internet videos to beating humanity’s best Go players. AI is expected to outpace humans in a number of occupations; some of which might be a little unexpected.
A new study released this week from LawGeex, a leading AI contract review platform, has revealed a new area in which AI outperforms us: Law. Specifically, reviewing Non-Disclosure Agreements (NDAs) and accurately spotting risks within the legal documentation.
For the study, 20 human attorneys were pitted against LawGeex’s AI in reviewing 5 NDAs. The controlled conditions of the study were designed to resemble how lawyers would typically review and approve everyday contracts.
After two months of testing, the results were in: the AI finished the test with an average accuracy rating of 94 percent, while the lawyers achieved an average of 85 percent. The AI’s highest accuracy rating on an individual test was 100 percent, while the highest rating a human lawyer achieved on a single contract was 97 percent.
As far as accuracy goes, the study showed that humans can (for the most part) keep up with AI in reviewing contracts. The same couldn’t be said when it came to speed, however. Read more from futurism.com…
thumbnail courtesy of futurism.com