An AI Completed 360,000 Hours of Finance Work in Just Seconds

JP Morgan is the biggest bank in the US. It is one of the largest employers in the banking sector, with more than 240,000 employees serving millions of customers. Some of those employees are lawyers and loan officers who spend a total of 360,000 hours each year tackling a slew of rather mundane tasks, such as interpreting commercial-loan agreements.

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Giving robots ‘personhood’ is actually about making corporations accountable – The Verge

The European Union is currently considering the need to redefine the legal status of robots, with a draft report last week suggesting that autonomous bots might, in the future, be granted the status of “electronic persons” — a legal definition that confers certain “rights and obligations.”

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A Startup Backed By Peter Thiel Makes Bankrolling Civil Lawsuits Easy

In courtrooms across America, investors are making money through litigation financing. The process allows investors to cover the cost of a lawsuit in exchange for a share of the financial settlement.

If this process sounds familiar to you, it’s probably because it’s similar to what billionaire Peter Thiel did when he secretly funded a lawsuit from Hulk Hogan against Gawker Media.

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