I think AI is helpful in resolving financial disputes and can be appropriately used in some smaller and more common cases. For example, in FastText, a computer-based automatic text classification，In Hong Kong utilised 3000 sentences in court cases . 90% of the data was used for training, and 10% was used for testing. The results show that the system’s precision for classifying construction accident cases into successfully or unsuccessfully obtained compensation was 95.7%. This demon- strates that the fastText-based classification can successfully classify papers with a high level of accuracy.（Rita Yi Man Li et al.,2022)This shows that artificial intelligence can be used to solve some simple, similar and highly common financial dispute cases. In the processing of legal cases, some trivial and similar cases will take judges a lot of time to sort out. According to relevant data, 85,984,000 cases are concluded in China within a year, and there are about 120,000 judges in China to deal with cases, which means that a judge needs to finish a case every three days. The use of AI in law, such as FastText's automatic text classification, can save hours of manual work and greatly speed up the speed of judges to process cases, which means that legal decisions can be completed more efficiently and with higher quality.
It cannot be denied that artificial intelligence can help solve financial disputes, but I think it can only refer to or help deal with text and other aspects, rather than let artificial intelligence replace judges. In India, ChatGPT is the first to use artificial intelligence to give opinions on criminal cases and use it in the defendant's bail application to decide whether to approve bail. The defendant is an attacker who has committed a brutal crime. ChatGPT's opinion on bail is not a yes or no answer, but a search of legal jurisprudence around the world on granting bail when a defendant is accused of a brutal crime, This also reflects that one of the advantages of artificial intelligence is that it can quickly search and collect a large amount of data to make answers, which can save a lot of time for some common cases with high similarity. For financial disputes, if it is a common dispute such as construction accidents, financial compensation and other aspects, the use of artificial intelligence to search similar cases, can quickly solve this aspect of the case and the amount of claims, but also can let ordinary people who do not understand the law can clearly know how much compensation they can get.
Rita Yi Man Li et al（2022） found it is possible by exploring the use of the FastText system to classify construction accident court cases involving financial compensation, and this classification can provide highly accurate results. This is a very successful result for law firms that need to deal with a large number of collecting cases and scanning documents to deal with legal cases. And as mentioned above, for injured workers who need compensation, construction companies who need compensation cases and other personnel, it is possible to more clearly and quickly understand the relevant processing methods and compensation amounts through the collection and classification of cases. So I think AI helps to deal with financial disputes.