Tech billionaire Mike Lynch: 'You're seeing the beginning of a new age'

This Wednesday, the tech billionaire investor announced an investment in Luminance, a newly launched startup that uses artificial technology to read contracts in order help law firms with the arduous process of due diligence for mergers and acquisitions (M&A). It's not a "sexy" piece of technology, Lynch argues -- but one that has huge implications for the way we live our lives, and is indicative of a quiet revolution in artificial intelligence. What this is is probably an example of what's going to be changing a lot of things. If you can get machine technology to be reading contracts, it's going to be changing a lot of the world around us ... you're seeing the beginning of a new age." He has since founded venture capital firm Invoke Capital -- the vehicle through which the investment in Luminance was made. This week, Business Insider sat down with the investor to discuss Luminance, Brexit, his augmented reality plans, and why he likes having an "unfair advantage." Mike Lynch is an investor in Luminance -- but was also instrumental in helping create it. "The bit that makes it possible is the machine learning, and that was being done by some research people at Cambridge, and I actually have a connection because my PhD a long, long time ago was in machine learning," Lynch said. "I was introduced to them, and what they were doing looked great, but I said to them'look, you gotta go and meet some real world people.' "So they started getting real data and they met up with [law firm] Slaughter and May, and basically the machine learnt from Slaughter and May how to do these thing and at that point they made a little company. They got a CEO who is a lady who'd actually been involved in a lot of M&A deals over their career and we funded it, and it's been developing the product, and today it comes out into the bright lights of day."