Over at the Financial Times, a panel discussed the realities of AI — what it can and cannot do, and what it may mean for the future. AI was defined as “any machine that does things a brain can do.” Intelligent machines under that definition still have many limitations; we are a long way from the kill-bot cyborgs from the Terminator.
Machine intelligence is not likely to replace humans in the near future -- but it will continue to evolve as a valuable tool. Because of developments in neural technology and data collection, as well as increased computing power, we can use a.i. to augment many human activities. And streamline repetitive manufacturing processes. Such machine intelligence will continue to increase capability to perform routine tasks involving language and pattern recognition, as well as assist in medical diagnoses and treatment. Used properly, intelligent machines can improve outcomes for products and services.
"...professional services, law firms have applied language recognition to assess contracts, streamline redaction and sift materials for review in litigation cases, as well as to analyse judgments. The London firm Clifford Chance notes, however, that the facilitation of processes does not yet “transform the legal approach”.
Prof Susskind says: “I am in no doubt that much of the work of today’s lawyers will be taken on by tomorrow’s machines.” This could have major implications for how lawyers are trained and recruited.
It should be obvious that organizations should be thinking creatively about how to incorporate a.i. into their strategies.
Read more at the FT...
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