Ontra is the global leader in AI legal tech for private markets. Powered by industry-leading AI, data from 1M+ contracts, and a global network of legal professionals, Ontra's private markets technology platform streamlines and optimizes critical legal and compliance workflows across the full fund lifecycle. Ontra’s purpose-built solutions automate contracts, streamline obligation management, digitize entity management, and surface insights.
SpeedLegal is an AI contract negotiator that helps startups save $1k/contract ~$140k+/year when reviewing contracts using AI. Business people using SpeedLegal easily spot contract risks, negotiate better terms, save 75% of their time & boost deal closures 3X.
Definely is a leading provider of LegalTech solutions for drafting, reviewing, and understanding legal documents.
Luminance is the pioneer in Legal-Grade™ AI, wherever computer meets contract. Using a Mixture of Experts approach - known as the “Panel of Judges” - Luminance brings specialist AI to every touchpoint a business has with its contracts, from generation to negotiation and post-execution analysis. Developed by AI experts from the University of Cambridge, Luminance's technology is trusted by 700+ customers in 70+ countries, from AMD and the LG Group to Hitachi, BBC Studios and Staples.
Spellbook is an AI-powered contract drafting and review tool designed for legal professionals. Integrated directly into Microsoft Word, it leverages advanced language models, such as OpenAI's GPT-4, to assist lawyers in drafting, reviewing, and managing contracts more efficiently. Key features include generating new clauses based on context, detecting aggressive terms, and suggesting missing clauses to enhance contract quality.
Built on App Orchid's state of the art AI platform, ContractAI is an AI-powered SaaS-based Advanced CLM solution that automates and streamlines the analysis, creation and negotiation of contracts. ContractAI utilizes AI to automatically ingest and analyze historical contracts to author templates based on terms that were proven win-win. ContractAI eliminates the painful redlining process by giving suppliers vetted clause options.
In particular, the use of generative AI software tools has gained popularity among many companies and has quickly become a ground-breaking technology capable of creating realistic and innovative content such as images, music and even text. The focus is often on chat GPT, but generative AI is not limited to text creation. Generative AI tools can also be used to optimise and efficiently support internal company processes and developments for recruitment, product development or sales.
The article examines the significant milestones and innovations that have shaped the legal landscape, highlighting how technology has revolutionised the way legal professionals operate, enhance efficiency, and deliver services. From the early adoption of electronic disclosure tools to the latest advancements in artificial intelligence and machine learning, this piece provides insights into the dynamic interplay between technology and the legal profession.
AI is increasingly valuable in numerous space domains, from manufacturing and in-orbit operations to sensing and data analytics. The reliance on AI is only likely to grow, making AI an integral part of the space sector. Accordingly, the new Act will affect many players across the industry.
In today’s fast-paced business environment, contract review has undergone a significant transformation. The advent of artificial intelligence (AI) has enabled companies to streamline contract management, making the process more efficient and less prone to human error. However, despite these advancements, challenges remain, particularly concerning the complexity, importance, and value of different contracts.
States are advancing AI laws in 6 key areas: (1) consumer protection (e.g., Virginia HB 2094), (2) sector-specific regulation in health, finance, and employment, (3) chatbot transparency, (4) generative AI labeling (e.g., watermarks, notices), (5) energy usage reporting by AI data centers, and (6) frontier model safety (e.g., audits, liability). These laws aim to curb risks and promote ethical AI deployment.
UK’s Ofcom warns online service providers that generative AI tools may fall under the Online Safety Act (OSA). Chatbots enabling user sharing are “user-to-user services”; AI-enhanced search tools are “search services.” Porn-generating tools may require age checks. Compliance deadlines in 2025 include risk and access assessments. Ofcom stresses safeguarding, especially for services accessible by children.