AI spots legal issues in contracts better than top lawyers

Artificial intelligence has beaten top lawyers for the first time in a competition to make sense of legal contracts. Researchers found that AI was 10 per cent more accurate than humans in spotting key legal issues with business contracts - an everyday task for most lawyers. The news will stoke fears over the threat AI poses to many jobs, with robots expected to replace 300 million workers worldwide by 2030. Artificial intelligence has beaten lawyers for the first time in a competition to make sense of legal contracts. The contract-reviewing algorithm was created by legal AI platform LawGeex, which has teams based in both New York City and Tel Aviv, Israel.