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Daily Archives: May 28, 2016

How artificial intelligence is transforming the legal profession

ABA Journal, Julie Sobowale, April 1, 2016: “Artificial intelligence is changing the way lawyers think, the way they do business and the way they interact with clients. Artificial intelligence is more than legal technology. It is the next great hope that will revolutionize the legal profession. Change can be brought on through pushing existing ideas. What makes artificial intelligence stand out is the potential for a paradigm shift in how legal work is done. AI, sometimes referred to as cognitive computing, refers to computers learning how to complete tasks traditionally done by humans. The focus is on computers looking for patterns in data, carrying out tests to evaluate the data and finding results. Chicago-based NexLP, which stands for next generation language processing, is creating new ways for lawyers to look at data…

  • “Nearly 80 percent of a company’s data is unstructured,” [Jay] Leib says. “While unstructured data represents the lion’s share of a company’s data, for years lawyers have been stuck with antiquated tools that focus primarily or solely on Boolean search. Better tools are needed to truly understand data, infer meaning, classify the various types of ideas present, and help you get to the result fast—even if that result didn’t involve the keywords you used.” [David] Roth helped develop technology that can turn information into stories. Story Engine is a program that can read through unstructured data and summarize conversations, including the ideas discussed, the frequency of the communication and the mood of the speakers. The company uses the data to build models to analyze behavior and find signs of fraud or litigation…”

Google announces SyntaxNet: “The World’s Most Accurate Parser Goes Open Source”

May 12, 2016, Posted by Slav Petrov, Senior Staff Research Scientist: “At Google, we spend a lot of time thinking about how computer systems can read and understand human language in order to process it in intelligent ways. Today, we are excited to share the fruits of our research with the broader community by releasing… Continue Reading

Credit Risk Decomposition for Asset Allocation

Chamizo, Alvaro and Novales Cinca, Alfonso, Credit Risk Decomposition for Asset Allocation (May 27, 2016). The Capco Institute Journal of Financial Transformation. Nº 43. Available for download at SSRN: http://ssrn.com/abstract=2785535 “We provide a methodology for credit risk analysis that can be embedded into a risk appetite framework. We analyze the information content in CDS spreads… Continue Reading

Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos

Han, Song and Nikolaou, Kleopatra, Trading Relationships in the OTC Market for Secured Claims: Evidence from Triparty Repos (May 27, 2016). Available for download at SSRN: http://ssrn.com/abstract=2785586 “We use a new panel data set on intraday transactions of triparty repos (TPR) to study trading relationships in the over-the-counter market. We test the prediction that search… Continue Reading

EFF to FCC: Prevent ISPs From Following Your Every Internet Move

“The Electronic Frontier Foundation (EFF) urged the Federal Communications Commission (FCC) today to update privacy rules to prevent broadband Internet access service providers from recording and sharing their customers’ every move online. EFF’s comments are part of the FCC’s rulemaking on consumer privacy and telecommunications services. As broadband providers are uniquely positioned to track every… Continue Reading

UMMS – Medical Archives go online for Public Access

“The University of Massachusetts Medical School (UMMS) was established in 1962, when the Legislature chartered the Commonwealth’s first public medical school. The school opened in 1970 without even waiting for construction of a new building. Today UMMS ranks in the nation’s top ten percent for primary care education and is a leading center for community… Continue Reading

All the Internet Meta Search Engine

“All the Internet, a business of Advanced Search Technologies, Inc. which is a leading provider of search services and technology. Advanced Search Technologies, Inc continues to advance Internet search with new search technologies and features designed to improve the search experience for consumers. Based in Nevada, Advanced Search Technologies, Inc. has a rich history of… Continue Reading