6 | LEXPERT • June 2018 | www.lexpert.ca/usguide
"rubber match" to decide the matter
forever, which did not happen. Just like
in M&A: once the deal is completed, a
rematch is nearly impossible.
Although not quite synonymous, the
terms AI and cognitive computing are
oen used interchangeably. By either
term, we consider the following, wrote
Julie Sobowale in an ABA Journal article
on AI: "Modeled aer human learning,
smart machines process massive data,
identifying patterns. ese patterns are
used to 'create' entirely new patterns,
allowing machines to test hypotheses
and find solutions unknown to the origi-
nal programmers."
Voluminous due diligence was not
always so influential in dealmaking. In a
strategy+business magazine article, Gerald
Adolph, Simon Gillies and Joerg Krings
The promise of Artificial
Intelligence in M&A
— performing extensive
and reliable due diligence
searches rapidly
— will change corporate
law in ways we can't
yet predict
By Jean Cumming
ARTIFICIAL
INTELLIGENCE IN M&A
Business Issues
Garry Kasparov wrote, "Playing chess, I
learned the dramatic effect combining
humans and machines. Humans have
intuition, can recognise patterns and
positions, and machines have brute-force
of calculation and memory. By bringing
these capabilities together in other walks
of life, we can achieve incredible results."
One of these results is Artificial Intelli-
gence (AI) in M&A due diligence.
In his "Waking Up" podcast, philoso-
pher and neuroscientist Sam Harris
reminded Kasparov, "You will go down in
history as the first person to be beaten by
a machine in an intellectual pursuit where
you were the most advanced member of
our species."
Kasparov actually beat IBM's Deep
Blue in 1996, though he lost to it a
year later. Kasparov wanted a so-called
