The latest application for AI? Business contracts

Artificial intelligence and machine learning are everywhere these days. We’ve seen human resources software makers employing AI to help managers optimize employee satisfaction. We’ve seen healthcare and financial services companies considering the use of robots to find clinical trial patients and detect instances of insider trading, respectively. We’ve even seen chatbots spewing hate speech on Twitter. Now the online contract review platform LawGeex is pioneering the use of AI to evaluate business contracts. On Tuesday, the Israeli startup announced it had raised $2.5 million, which the two year-old company will use to offer its contract review service for free to consumers. Businesses are already using the machine learning contract review solution. LawGeex enterprise customers include Deloitte and Brandwatch, the company said. “LawGeex is our go-to solution for quick contract review,…

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