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Our colleagues at Legaltech News (Editor-in-Chief Stephanie Wilkins and legal tech reporter Rhys Dipshan) put together an excellent resource — an AI Glossary — that we wanted to share.
Artificial intelligence is dominating conversations across all industries, including legal. To help legal professionals navigate this fast-evolving space, below, we define many of the key terms and concepts relating to AI. This glossary will be continually updated as new developments emerge.
Algorithm: In AI, a set of instructions or programming that tells a computer what to do in order to allow the machine to learn to operate on its own to solve a specific problem or perform a specific task.
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With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.