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Cerence was founded in October 2019, after Nuance Communications decided to turn its automotive division into an independent company. [3] [4] Nuance had provided voice recognition technology to car manufacturers for twenty years prior to the spin-off, and its technology was built into half of the new cars shipped globally in the first six months of 2019. [3]
The automation of processes like contract reviewing, enforcement of negotiations (smart contracts) and client intake (expert systems) allows law firms to streamline their procedures and improve efficiency. [21] In addition, automation benefits small-to-medium law firms that do not have the resources to utilize junior talent on such routine tasks.
The company's flagship product, Icertis Contract Intelligence, is a contract lifecycle management platform, [13] which allows a company to digitize and store all of its contracts in the cloud. [ 1 ] [ 12 ] The platform utilizes artificial intelligence (AI) technology to identify problematic contract clauses and flag potential compliance issues.
Silicon Valley AI companies have a new BFF: the U.S. Department of Defense. The leading companies developing generative AI technology have spun up, deepened, or started to pursue relationships ...
Among the details that startled Wall Street was DeepSeek’s assertion that the cost to train the flagship v3 model behind its AI assistant was only $5.6 million, a stunningly low number compared to the multiple billions of dollars spent to build ChatGPT and other popular chatbots.
What makes IBM a hidden AI leader? See how this tech giant is shaping the business-class AI market.
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