Bloomberg Businessweek
AI for Lawyers, Second Hand September, Alzheimer’s Blood Test
Sep 24, 2024
Eleanor Lightbody, CEO of Luminance, dives into the transformative role of AI in the legal field, spotlighting its efficiency in contract management and the future of legal education. Emily Gittins, CEO of Archive, discusses the rise of resale markets, emphasizing sustainability and the shift in consumer preferences, especially among Gen Z. Lastly, Dr. Alicia Algeciras-Schimnich from the Mayo Clinic unveils a groundbreaking non-invasive blood test for Alzheimer's, stressing the importance of early detection for better management of the disease.
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Quick takeaways
- AI tools like those developed by Luminance are revolutionizing legal practices by automating time-consuming contract management tasks, thus enhancing efficiency.
- Advancements in blood tests for Alzheimer's facilitate early detection of the disease, potentially improving patient care through timely intervention strategies.
Deep dives
The Impact of AI on the Legal Industry
The introduction of AI, specifically large language models, is transforming the legal industry by automating low-level tasks that consume significant time and resources. Companies like Luminance are developing AI tools that streamline contract review and negotiation processes, allowing legal professionals to handle contract analysis more efficiently. For instance, AI can reduce the time taken to answer business queries from several days to just minutes, freeing up lawyers to focus on more complex aspects of their work. This shift not only improves productivity but also opens new opportunities for legal professionals to engage in higher value activities.
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