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AI: The Struggle (mini-documentary by Legalcomplex)

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Numbers and news illustrating why the legal industry will struggle to protect society from conflicts. The legal industry simply doesn’t have the capital firepower to fix biases and bugs in our legal system. Meanwhile, more capital is pouring in to destabilize how the law operates.

Data makes Laws - AI reveals the Flaws

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AI: The Struggle (mini-documentary by Legalcomplex)

  1. 1. T h e S t r u g g l e
  2. 2. how do we create A.I.?
  3. 3. 2287 # of private companies claiming A.I. in Legal & RegTech since 2010 generated: September 15, 2020
  4. 4. $61.59 Billion dollars invested in A.I. for Legal & RegTech since 2010 generated: September 15, 2020
  5. 5. how much went to Legal?
  6. 6. generated: September 15, 2020 Reg Tech $59,85B Legal Tech $1,7B
  7. 7. generated: September 15, 2020 Legal Tech $1,7B perhaps why we struggle
  8. 8. where does capital in Legal go?
  9. 9. Top 7 eDiscovery $706M generated: September 15, 2020 Contracts $478M Process Automation $60M Litigation $68M Practice Mgt $92M IP $85M Research $50M
  10. 10. what is RegTech?
  11. 11. Data Analytics $19.6B Cyber Security $3.2B Process Automation $3.5B Investment $3.6B Text Analytics $5.5B Image Recognition $4.6B Credit $3.3B Top 7 generated: September 15, 2020
  12. 12. Data Analytics $19.6B Text Analytics $5.5B Image Recognition $4.6B generated: September 15, 2020 Most of the money is here
  13. 13. Image Recognition $4.6B generated: September 15, 2020 for example
  14. 14. ..and here Text Analytics $5.5B generated: September 15, 2020
  15. 15. So can Legal use A.I.?
  16. 16. Data Analytics $19.6B generated: September 15, 2020 Ultimately, here
  17. 17. So how does the Law operate?
  18. 18. Facial Recognition vs Civil Rights..
  19. 19. Data makes Laws A.I. reveals the Flaws
  20. 20. unbiased A.I. but how?
  21. 21. first: is the Data Diverse?
  22. 22. Synthetic Data Generation
  23. 23. second: is the Algorithm Alright?
  24. 24. Generative Adversarial Network
  25. 25. finally, in the future
  26. 26. should humans assist automated decision making?
  27. 27. fix the bugs in tech fix the law with A.I.
  28. 28. thank you L e g a l c o m p l e x . c o m
  • donginsel

    Sep. 21, 2020

Numbers and news illustrating why the legal industry will struggle to protect society from conflicts. The legal industry simply doesn’t have the capital firepower to fix biases and bugs in our legal system. Meanwhile, more capital is pouring in to destabilize how the law operates. Data makes Laws - AI reveals the Flaws

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