Noah Waisberg, CEO and co-founder of Kira Systems, spoke on "Artificial Intelligence and its Impact on the Legal Profession" panel at the 2017 Presidential Summit hosted by the New York State Bar Association. He was joined by Dera J. Nevin, eDiscovery Counsel, Proskauer, Andrew M.J. Arruda, CEO & Co-Founder, Ross Intelligence, and Daniel Martin Katz, Associate Professor of Law, Illinois Tech - Chicago Kent Law.
In “Can elite law firms survive the rise of artificial intelligence? The jury is still out.” Eric Rosenbaum, financial writer and editor for CNBC, spoke with Ron Dolin, senior research fellow at the Harvard School of Law's Center on the Legal Profession, Noah Waisberg, CEO and co-founder of Kira Systems, and several of Kira Systems’ clients — Freshfields Bruckhaus Deringer, Fenwick & West LLP, and Deloitte — to answer this question.
Last week (October 18th 2016), Noah Waisberg, CEO and co-founder of Kira Systems, spoke at the Legal Geek Conference hosted at Shoreditch, London.
Last week, Dr. Rob Warren, Kira Systems’ Chief Data Scientist, led a talk on “AI and the Law” in front of the University of Alberta Computer Science department.
Noah Waisberg, CEO and co-founder of Kira Systems, spoke on "Hot, or Not-Watson and Beyond" panel at the CodeX FutureLaw Conference held by the Stanford Center for Legal Informatics. Joined by Khalid Al-Kofahi, Vice President of Research and Development at Thomson Reuters, Andrew Arruda, CEO and co-founder of ROSS Intelligence, Charles Horowitz, Chief Technologist, Center for Judicial Informatics, Science and Technology, Himabindu Lakkaraju, Ph.D student in Computer Science, Stanford University, and Daniel Martin Katz, Associate Professor of Law at IIT - Chicago Kent College of Law, who moderated the panel discussion, the panel unpackaged the hype surrounding artificial intelligence and discussed AI's true applications and future in the legal industry.
Last week, Legaltech News published “21st Century Contract Review: Deloitte announces deployment of Kira A.I. Software," which discussed Deloitte’s alliance and partnership with Kira Systems, a machine learning contract analysis software provider.
The article reports that Deloitte has deployed a customized version of Kira throughout its audit and consulting departments to increase its operational efficiency and productivity. According to Craig Muraskin, managing director of Deloitte’s U.S. innovation group, Deloitte was able to reconfigure Kira and deploy it across the company in a matter of months. He added,
“We really liked their machine learning capability. It is much more highly trainable, much more efficient to train and that was a key differentiator for us. We do a large variety of different types of documents, and some of the systems that are out there that were rules based, that had prescribed roles — they had less much flexibility. We really needed someone to have a very nimble machine learning capability so we could enter in different types of documents all the time.”
As software automates more white collar work, does this mean there will be less white collar jobs? This weekend's New York Times Magazine features Nathanial Popper's interesting article "The Robots Are Coming for Wall Street." It is primarily a case study of Kensho, a heavily-funded fintech startup that builds software "capable of answering complex financial questions posed in plain English." In even plainer English, according to the article, Kensho appears to automatically create research reports which previously might have taken days of human effort to create (or not been done at all, a critical point). The article posits that as "Hundreds of financial analysts are being replaced with software", white collar workers are in a lot of trouble.