One of the country’s biggest law firms has become the first to publicly announce that it has “hired” a robot lawyer to assist with bankruptcy cases. The robot, called ROSS, has been marketed as “the world’s first artificially intelligent attorney.”
ROSS has joined the ranks of law firm BakerHostetler, which employs about 50 human lawyers just in its bankruptcy practice. The AI machine, powered by IBM’s Watson technology, will serve as a legal researcher for the firm. It will...
Cathy Sharkey (NYU Law) has posted a new piece on SSRN entitled The BP Oil Spill Settlements, Classwide Punitive Damages, and Societal Deterrence. Here's the abstract:
The BP oil spill litigation and subsequent settlements provide an opportunity to explore a novel societal economic deterrence rationale for classwide supra-compensatory damages. Judge Jack Weinstein was a pioneer in the field of punitive damages class certification. In In re Simon II, he certified a nationwide punitive-damages-only...
Tech advances allow new companies to harness networks of computers and people to sift through legal information and help lawyers prep cases.
"The legal industry is ripe for innovation," says attorney and journalist Robert Ambrogi, who covers the role of technology in law. In an influential April 13 blog post, Ambrogi proclaimed a boom in legal tech startups based on a more than doubling of listings on startup directory AngelList. Ambrogi has since produced his own streamlined listing that currently...
When Jeopardy superchampion Ken Jennings fell to IBM’s Watson, a chill fell over the ranks of white-collar professionals who saw the cold, merciless grip of technology tightening its grip around their hearts just as surely as the steam hammer did in John Henry. Lawyers in particular recognized that the slayer of the Jennings dragon wasn’t destined to stalk syndicated television, making Alex Trebek’s contestant chit-chat, almost improbably, more stilted and awkward. No, Watson was coming for our jobs.
As...
Lenovo Group Ltd, the world's largest personal computer maker, plans to invest $500 million in a technology start-up fund, the Beijing-based company said on Wednesday.
The fund Lenovo Capital, which will be funded and managed by Lenovo Group, is looking to invest in sectors including artificial intelligence, robot and cloud computing, said the company's senior vice president He Zhiqiang at an event in Beijing.
Lenovo has invested $100 million in more than 30 companies in areas including mobile...
When social-media users upload photographs and caption them, they don’t just label their contents. They tell a story, which gives the photos context and additional emotional meaning.
A paper published by Microsoft Research describes an image captioning system that mimics humans’ unique style of visual storytelling. Companies like Microsoft, Google, and Facebook have spent years teaching computers to label the contents of images, but this new research takes it a step further by teaching a neural-network-based...
OxyContin remains the most litigated trade name, while Sandoz has participated in the most ANDA cases
Pharma-centric Delaware and New Jersey overwhelmingly receive the highest number of ANDA filings
Lex Machina, a LexisNexis company and creator of Legal Analytics®, today announced the release of its second Hatch-Waxman/ANDA Report, which surveys the landscape of patent litigation related to Abbreviated New Drug Applications (ANDAs) submitted to the FDA under the Hatch-Waxman Act. The report...