Using Artificial Intelligence For Contract Negotiations

Using Artificial Intelligence For Contract Negotiations

Many businesses negotiate countless deals a year, one of the biggest challenges companies face in negotiating contracts is that they span such an extensive range of topics.  However, the development of artificial intelligence is proving to be a blessing to these firms. One such application is invented by Joseph Seroussi and relates to artificial intelligence systems, and, more particularly, but not exclusively, to an artificial intelligence system and method for promoting trade negotiations between companies. A system includes a processor and a non-transitory computer-readable medium storing directions executable in the processor.  With AI-based contract negotiation software, negotiators can carry out their tasks with a deepened sense of confidence that they have access to the most crucial information and the most reliable analysis.

Disclaimer: The above article has been aggregated by a computer program and summarised by an Steamdaily specialist. You can read the original article at wipo
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