How financial services is using the AI that clobbered human lawyers

In one of the most recent'man v machine' battles, lawyers were pitted against an AI algorithm. It turned out that AI achieved an average 94% accuracy rate, while the humans came in at 85%. The US-trained lawyers who took part aren't novices: they have decades of experience in corporate law and contract review. To identify legal issues in five standard NDAs (non-disclosure agreements). The company behind the algorithm is LawGeex and it's been developing the AI system for three years, training it on tens of thousands of contracts.