OpenAI has developed a system that extracts contract data efficiently. This allows teams to access contract information more easily and reduces the time spent on extracting this data. The exact details of how the system works are not provided, but it's claimed to be faster than manual methods. --- Why it matters: This matters because extracting contract data manually can be slow and labor-intensive, often requiring significant human effort. OpenAI's solution aims to automate this process, freeing up time for more complex tasks. Source: https://openai.com/index/openai-contract-data-agent