Artificial intelligence (AI) is quickly gaining popularity because it can classify, organize data, and complete all kinds of tasks in faster and cheaper ways. In the legal tech space, AI is typically interchangeable with machine learning, the process by which computers seek and recognize patterns in large datasets to evaluate it. This has applications in the e-discovery, litigation, and transactional spheres.
At Bloomberg Law, when developing AI tools, we begin by trying to identify the problems that our clients are facing. We then explore how our premier access to big datasets—like court opinions, dockets, or EDGAR filings—can be augmented by leveraging AI tools to better understand and analyze what’s available.
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