THE FUTURE OF LAW IS HERE, AND IT'S ARTIFICIALLY INTELLIGENT

THE FUTURE OF LAW IS HERE, AND IT'S ARTIFICIALLY INTELLIGENT

IT TURNS out science-fiction pioneer Isaac Asimov wasn't far off the mark when he wrote that artificial intelligence (AI) would soon become part of the workforce.

While the rest of us might have imagined robot cashiers, servants and waiters, the minds behind ROSS, the world's first AI attorney, were obviously dreaming a little larger.

Built on IBM's Watson platform, ROSS is designed to cut the time lawyers spend on research by sifting through mountains of data to deliver only the most relevant information to a particular case.

As opposed to the thousands of options returned by traditional web searches, ROSS is able to assess plain-English questions in real time and offer a targeted response after scanning more than a billion text documents per second.

This month ROSS scored its first job at Baker & Hostetler, where it is used within the bankruptcy department to assist a team of 50 lawyers with their case load.

According to the ROSS website, the technology 'improves upon existing alternatives by actually understanding your questions in natural sentences like Can a bankrupt company still conduct business?'

"You ask your questions in plain English, as you would a colleague, and ROSS then reads through an entire body of law and returns a cited answer and topical readings from legislation, case law and secondary sources to get you up to speed quickly," it says.

ROSS is a clear indication that integrated and smart technology have a place in the future of business.

However, before we all scramble to brush up on Asimov's three laws of robotics, it's safe to say AI won't be taking over the world anytime soon.

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Make smarter investing decisions with an Earnings Calendar
Partner Content
With the US reporting season just around the corner, it pays to know when exactly to gi...
moomoo
Advertisement

Related Stories

Shining a spotlight on Australia’s ‘hidden gem’: Deep tech

Shining a spotlight on Australia’s ‘hidden gem’: Deep tech

From the creation of WiFi to the cochlear implant, Australian innov...

Afterpay owner Block Inc shares slammed following savage short seller report

Afterpay owner Block Inc shares slammed following savage short seller report

Shares in NASDAQ-listed Block Inc. (NASDAQ: SQ) - formerly Square -...

Aged care operator Estia Health receives $775m takeover offer from Bain Capital

Aged care operator Estia Health receives $775m takeover offer from Bain Capital

One of Australia’s largest residential aged care providers, E...

IPH systems restored following last week’s cyber attack

IPH systems restored following last week’s cyber attack

Intellectual property legal group IPH Limited (ASX: IPH) has restor...