PYMNTS-MonitorEdge-May-2024

AI-ID

Use of AI in the Legal Industry Faces Challenges
Use of AI in the Legal Industry Faces Challenges
November 14, 2023  |  Artificial Intelligence

The legal industry’s widespread adoption of generative artificial intelligence (AI) will necessarily involve recalibrating workforce roles and skills and reckoning with varying degrees of readiness...

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The Legal Industry Is Ripe for the Adoption of AI
The Legal Industry Is Ripe for the Adoption of AI
November 13, 2023  |  Artificial Intelligence

Historical resistance to change In multiple ways, the legal industry is inherently resistant to disruptive change: It is bound by long-established ethical considerations, the sensitive...

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72% of Lawyers Doubt the Industry Is Ready for Generative AI
72% of Lawyers Doubt the Industry Is Ready for Generative AI
November 10, 2023  |  Artificial Intelligence

At its core, legal work demands meticulous attention to detail, extensive research and nuanced argumentation — intellectually rigorous and time-consuming tasks. The complexity of legal...

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What Does the ‘Perfect’ AI Regulatory Framework Look Like?
What Does the ‘Perfect’ AI Regulatory Framework Look Like?
November 09, 2023  |  artificial intelligence

The perfect artificial intelligence (AI) regulation should ensure the technology doesn’t turn on its creators. But it also needs to ensure that the regulation itself...

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Generative AI’s Technology Is Not Yet Fully Optimized for Healthcare
Generative AI’s Technology Is Not Yet Fully Optimized for Healthcare
October 06, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI) faces many growing pains as it seeks its footing. In a recent survey, management consulting firm Bain & Company reveals that...

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AI Shifts Into the Next (Generative) Gear in Healthcare
AI Shifts Into the Next (Generative) Gear in Healthcare
October 05, 2023  |  Artificial Intelligence

Artificial intelligence (AI) has been transforming health and medicine for several decades, whether through diagnostics, personalized medicine, data analytics or other innovations. The advent of...

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Most Americans Take Cautious Approach to Generative AI in Healthcare
Most Americans Take Cautious Approach to Generative AI in Healthcare
October 04, 2023  |  artificial intelligence

While artificial intelligence (AI) has been transforming the healthcare industry for decades, the emergence of generative AI is set to reshape critical aspects of healthcare,...

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Next-Level Care: Generative AI Poised for $22B Growth in Healthcare
Next-Level Care: Generative AI Poised for $22B Growth in Healthcare
October 04, 2023  |  Artificial Intelligence

The generative artificial intelligence (AI) market for healthcare is valued at more than $1 billion as of 2022, and it is projected to swell to...

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Transparent ‘Nutrition Labels’ Could Be Key to Scaling Generative AI
Transparent ‘Nutrition Labels’ Could Be Key to Scaling Generative AI
September 13, 2023  |  artificial intelligence

Generative artificial intelligence (AI) has been billed as an everyday technology. And while consumers may already be reaping the technology’s benefits, there is a gap...

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