Adobe has introduced a new feature that uses artificial intelligence (AI) to help businesses and consumers understand complex contracts and legal documents. The Acrobat AI Assistant can automatically detect contracts, summarize key terms, and compare differences across multiple versions.
According to Adobe’s research, nearly 70% of consumers have signed contracts without understanding all the terms, while 64% of small business owners have avoided signing contracts due to uncertainty about the content. To address this issue, the new feature aims to make complex documents more accessible to everyone.
The AI-powered tool analyzes contract text and presents information in a more digestible format, including comparisons between different versions and citations for important terms. Users can also process scanned documents, even if they’re wrinkled or imperfectly captured.
Adobe emphasizes that all contract analysis happens in a transient fashion, with data stored securely in the cloud but not used to train AI models. The feature integrates into Adobe’s existing Acrobat ecosystem and is available for an additional $4.99 monthly fee for individual users.
The real-world impact of this new tool has been significant, with 96% of technology leaders believing AI will make them more confident in employees’ ability to handle contracts responsibly. Early adopters have reported reducing their contract review time by 70-80%.
This move reflects Adobe’s broader strategy of embedding AI capabilities into its core products, rather than treating them as standalone features. The company reports that customer conversations with its AI assistant doubled quarter-over-quarter in late 2024.
While human judgment remains crucial for contract analysis, the new tool aims to guide users to specific parts of the document, providing a starting point for further review.
Source: https://venturebeat.com/ai/adobe-acrobat-ai-now-reads-and-explains-your-contracts-in-minutes-heres-how-it-works