Posted on Categories artificial intelligence, blockchain, cybersecurity, fintech, IT

Why do we need Legal Tech? A few thoughts following the Global Legal Hackathon

The Global Legal Hackathon last weekend (23–25 February 2018) offered an excellent opportunity to grasp the potential that can be released from cooperation between lawyers and IT specialists. Legal Tech solutions are more than just technological novelties. They are solutions that can protect our legal system against a serious crisis.

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Posted on Categories artificial intelligence

Can Artificial Intelligence be the author?

Artificial intelligence (AI) is now capable of producing ever-more complex creations which are becoming increasingly indistinguishable from works made by human beings. Recent news shows that this reality is truly upon us. First, there were the algorithm-created paintings whose complexity and unconventional style were anonymously judged to be superior to human efforts. Then, a novel written by a Japanese AI algorithm made it past the initial selection round for a national literary prize.

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Posted on Categories artificial intelligence

Artificial intelligence and the assault on the legal profession

A forthcoming breakthrough in smart algorithm systems will certainly revolutionise the entire economy, much as internet access has become universal. This revolution will not just impact opportunities for finding work in professions such as translator or driver, but will also completely transform the operations of the justice system. This was demonstrated in a recent competition to predict the results of court proceedings between a group of lawyers and an algorithm created by an English startup.

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Posted on Categories artificial intelligence, privacy/personal data protection

Another look at AI and GDPR

In February 2018 the EU’s Article 29 Data Protection Working Party published its Guidelines on Automated individual decision-making and Profiling for the purposes of Regulation 2016/679. The guidelines explore Art. 21–22 of the General Data Protection Regulation, and although the title may not indicate it, provide another element in the legal framework for development and use of artificial intelligence. They also show that this framework may be truly restrictive.

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Posted on Categories artificial intelligence

FSB report on artificial intelligence in the financial sector

The Financial Stability Board (FSB) was set up in 2009 by members of the G20 to coordinate the work of financial authorities at the international level and promote and develop financial stability policies. It is made up of representatives of state authorities responsible for finances from 24 countries, financial institutions, and supervisory and regulatory authorities.

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Posted on Categories artificial intelligence, changes in law

Estonia plans the boldest AI regulations

While most countries have not given any thought yet to regulations governing artificial intelligence, and the European Union is only at the stage of adopting resolutions recognising the need to examine this topic, Estonia is not only drafting its own legal act but wants the law to be exceptionally innovative.

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