ARTIFICIAL INTELLIGENCE

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1 ARTIFICIAL INTELLIGENCE Legal Issues & Implications [Insert Sponsor Name and/or Logo] 2017 In House Counsel Conference

2 Presenters: David Rifkind, Esq. Fisher Clinical Services René Quashie, Esq. Cozen O Connor

3 What is AI?

4 Artificial Intelligence Overview

5 What is AI? Cognitive systems understand human expressions textual, verbal, visual Reasoning about the actual intention or problem being addressed Learn to recognize patterns of meaning through examples and feedback Interact with humans on their own terms

6 Applications of AI Reasoning Legal assessment; financial asset management Knowledge Medical diagnosis; media recommendation; financial market trading; fraud prevention Planning Logistics; scheduling; navigation; demand forecasting Communication Voice control; intelligent assistants; realtime translation; real-time transcription Perception Autonomous vehicles

7 AI Sector

8 AI Overview 4 th industrial revolution (Davos) Steam, electricity and computing Potential to challenge many legal assumptions Raise significant questions about the nature, timing and extent of the rise of new industries, employment displacement, other changes

9 4 th Industrial Revolution

10 AI & the Economy

11 AI Stats By 2020, 85% of customer interactions will be managed without a human (Gartner) By the end of 2018, customer digital assistants will recognize customers by face and voice across channels and partners. (Gartner) 80% of executives believe artificial intelligence improves worker performance and creates jobs. (Narrative Science) By 2020, smart agents will manage 40% of mobile interactions. (Gartner)

12 AI Stats Artificial intelligence will replace 16% of American jobs by the end of the decade. (Forrester) By 2020, the artificial intelligence market will surpass $40 billion (Constellation Research) By 2025, the artificial intelligence market will surpass $100 billion (Constellation Research) 20% of business content will come from AI by 2018 (Motley Fool)

13 The Workplace

14 Artificial Intelligence in the Legal Profession

15 Legal AI Work Legal Work AI Natural language Machine learning Ability to generate evidenced based responses Cognitive and dynamic

16 Legal & Compliance Examples Answer compliance questions Natural language Q&A over complex and shifting regulations Conduct more thorough legal research Suggest research avenues and documents based on understanding research path Find relevant documents Technology assisted review E-discovery Identify hidden risks Contract management systems that transform documents into structured data Solve disputes Online dispute resolution systems use

17 AI & the Legal Profession

18 Legal & Compliance The Future Recommend legal/regulatory/co mpliance strategy Completely automate compliance Case predictions Advisory services

19 Artificial Intelligence in Health Care

20 AI & Healthcare

21 Infobesity (IBM) AI healthcare market to hit $6 billion by 2021 (Frost & Sullivan) Medical information doubles every 5 years By 2020 it is expected to double every quarter. 80% of the healthcare professionals spends at most 5 hrs/month to keep up 80% of the information is unstructured Only 20% of the knowledge doctors use is evidence based: 1 out of 5 diagnoses are wrong or incomplete.

22 IBM Watson An Example

23 IBM Watson Oncology Analyzes the patient s medical record Ability to analyze the meaning and context of structured and unstructured data in clinical notes and reports Identifies potential evidence-based treatment options Watson ranks identified treatment options and provides links to supporting evidence for each option to help oncologists as they consider treatment options for their patient

24 60 Minutes

25 Artificial Intelligence Legal Issues

26 Top Legal Issues Data privacy/cybersecurity IP Liability Agency Taxation Bias Concepts of personhood

27 Future Considerations Legal definition on AI? Are existing laws/regulations enough to address AI issues? What interests should potential future AI laws/regulations protect? What is the role of federal government? State government? Interplay between feds and the states Tech competence

28 Questions

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