Why We’re Open-Sourcing ContraxSuite – Product Overview, Some Use Cases and Plan for Release


Following up on our prior announcement – here is a slidedeck offering more Product Overview, Use Case and Plan for Release.

Why We Are Open Sourcing ContraxSuite and Some Thoughts About Legal Tech and the Modern Information Economy

 

Today we here at LexPredict announce that we will be open sourcing our document analytics platform ContraxSuite (which works on a wide class of documents beyond just contracts).

From the Announcement – “Starting on August 1st, this code base and our public development roadmap will be hosted on Github under a permissive open-source licensing model that will allow most organizations to quickly and freely implement and customize their own contract and document analytics. Like Redhat does for Linux, we will provide support, customization, and data services to “cover the last mile” for those organizations who need it.

We believe that a very important future for law lies in its central role in facilitating and regulating the modern information economy. But unless we start treating law itself like the production of information, we’ll never get there. Before we can solve big problems with smart contracts, we need to start by structuring existing legacy contracts. We hope our actions today will help lawyers, companies, and other LegalTech providers accelerate the pace of improvement and innovation through more open collaboration.”    (click here for full announcement or access via Slideshare)

The Machine Learning as a Service (#MLaaS) Ecosystem Grows … Bonsai as a #MLaaS Implentation Company

From Venture Beat – “AI startup Bonsai has raised $7.6 million to grow its platform that simplifies open-source machine learning library TensorFlow to help businesses construct their own artificial intelligence models and incorporate AI into their business.”

MD Anderson Drops IBM Watson – A Setback For Artificial Intelligence In Medicine ?

Not sure this is actually a “set back for AI in Medicine.”  Rather, long story short — it ain’t 2014 anymore … as we discuss in our talk – Machine Learning as a Service : #MLaaS, Open Source and the Future of Legal Analytics – what started with Watson has turned into significant competition among major technology industry players.  Throw in a some open source and you have some really strong economic forces which are upending even business models which were sound just three years ago …

From the story — “The partnership between IBM and one of the world’s top cancer research institutions is falling apart. The project is on hold, MD Anderson confirms, and has been since late last year. MD Anderson is actively requesting bids from other contractors who might replace IBM in future efforts. And a scathing report from auditors at the University of Texas says the project cost MD Anderson more than $62 million and yet did not meet its goals. The report, however, states: ‘Results stated herein should not be interpreted as an opinion on the scientific basis or functional capabilities of the system in its current state’….”