Cognitiv is using AI for contract analysis and tracking

Another legal tech startup coming out of the UK: Cognitiv is applying artificial intelligence to automate contract analysis and management, offering businesses a way to automate staying on top of legal risks, obligations and changing regulatory landscapes. Co-founder Vasilis Tsolis might therefore be forgiven for viewing Brexit as a sizable opportunity for his startup -- though he more tactfully describes it as a "legislative challenge that we can help out with". "There's going to be a lot of changes in legislation, there's going to be a lot of changes in regulation, and you really need to know what's going to happen to your contracts and if you need to do any changes on your legal documents or not. So it's going to be a huge challenge," he says of Brexit. "I think this is going to happen more and more often," he adds, pointing to another incoming EU regulation that will be upping businesses' compliance needs in the near future: aka the GDPR, coming into force (including in the UK) in May 2018.