robot lawyer” that has pored through millions of documents and works 30 times faster than humans. Sberbank, Russia’s biggest state-run lender, has unveiled an artificial intelligence system designed to speed up legal processes.
Created by the company’s legal department, it analyses legal information, verifies whether businesses are bankrupt, and decides whether loans can be issued to potential customers.
Alexander Vedyakhin, first deputy chairman of Sberbank’s executive board, told Computer Weekly : “Each document is translated from scanned copies into a machine-readable format and the text of the document and other significant fragments are extracted, for example, stamps and seals.” Another tool then goes over complex facts from the.
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