Re:JPMorgan Software Does in Seconds What Took Lawyers Many ...
by dowjones on Wednesday March 01, 2017 @10:00AM
(#13764137)
>> The program does the mind-numbing job of interpreting commercial-loan agreements
A computer program that interprets written language -- natural-language processing -- is reliant on highly-advanced, complex algorithms and AI to do the interpreting. This is much deeper than mindless "automation" and requires absolute trust in the accuracy of the underlying algo (or, hiring back some of those humans).
A computer program that interprets written language -- natural-language processing -- is reliant on highly-advanced, complex algorithms and AI to do the interpreting. This is much deeper than mindless "automation" and requires absolute trust in the accuracy of the underlying algo (or, hiring back some of those humans).