AI Lawyers + ChatGPT's Legal Drafting (Contract Review + Negotiation) + AI News This Week

Using AI

22-06-2023 • 58 mins

This is the last episode of Using AI Series 1!

The Business of Law usually tops the list of industries to be disrupted by ML and AI innovation. Let’s get into it.

I’m Alex Denne, joined once more by ML Research Scientist Alex and AI Startup Founder Rafie Faruq.


Tell us what you want us to cover in the next series of episodes on Using AI.

On Linkedin: https://www.linkedin.com/feed/update/urn:li:activity:7077624981232177152

On Twitter: https://twitter.com/GenieAI/status/1671858707334873094


Watch USING AI on youtube (and see our AI background images) https://www.youtube.com/channel/UCHsQu4IipA7Ri2AqKcQZ1Yw


News links

  1. OpenAI plans App Store for AI models - https://www.reuters.com/technology/openai-plans-app-store-ai-software-information-2023-06-20/
  2. China’s Underground Market for Nvidia’s A100 AI Chips - https://www.reuters.com/technology/inside-chinas-underground-market-high-end-nvidia-ai-chips-2023-06-19/
  3. Softbank moves into Offence mode over AI hype - https://www.reuters.com/business/finance/softbank-shift-its-stance-offence-mode-says-ceo-son-2023-06-21/
  4. Rafie attends the AI + Ethics Event at The House of Lords - https://www.policyconnect.org.uk/ - https://www.policyconnect.org.uk/events/report-launch-ethical-ai-future

Theme links

Covering areas such as Legal Transactions, Disputes, Negotiation, Litigation.

  • Example companies in this space: ThoughtRiver, Lexico, LawGeex, LexisNexis, Donna, SpellBook, Ironclad, Zegal, Harvey, Clausebase, DoNotPay, Genie AI

Contract drafting (because of personalisation vs templates and time and cost vs law firms) -

  1. UK - https://jackwshepherd.medium.com/chat-gpt-for-contract-drafting-ai-v-templates-50ec8fd42f44 - Legal Practice Lead at iManage
  2. UK - Morgan, Lewis & Bockius LLP - https://www.lexology.com/library/detail.aspx?g=d0696eb9-c850-43d6-968f-a06330b59e38

Document Review -

Negotiation

  • Nobody is doing this yet

What our Legal Assistant does - and when it’ll be released

Crazy things from this week

  1. Coloring books, stickers, mugs, and T-shirts are being pumped out by AI-assisted hustlers. AI has made it easier than ever to generate artwork, but that’s also led to a proliferation of AI-generated products on Etsy - https://www.theatlantic.com/technology/archive/2023/06/ai-chatgpt-side-hustle/674415
  2. Grammy’s will allow AI-use - https://time.com/6288131/grammys-ai-rules/
  3. Wimbledon to introduce AI-powered commentary to coverage this year - https://www.theguardian.com/sport/2023/jun/21/wimbledon-introduce-ai-powered-commentary-to-coverage-this-year
  4. Google warned its own employees not to enter confidential information into chatbots, including its own Bard. This restriction includes entering computer code - https://www.reuters.com/technology/google-one-ais-biggest-backers-warns-own-staff-about-chatbots-2023-06-15

Topics touched on

Copyright, the law, legal interns, legal assistants, lawyer, law firm, M&A, disputes, litigtation, paralegals, Anthropic, Claude, GPT-4, 32K tokens, 100k token limit, text generation, heuristics, citibank, citi, Microsoft Word Integrations, API calls, NDAs, License agreements, Supervised vs Unsupervised learning, in-house lawyers, OpenAI, Softbank, Venture Capital, Investment, AI Hype

That’s it for this season!


As mentioned - Tell us what you want us to cover in the next series of episodes on Using AI.

On Linkedin: ⁠https://www.linkedin.com/feed/update/urn:li:activity:7077624981232177152⁠

On Twitter: ⁠https://twitter.com/GenieAI/status/1671858707334873094⁠

--- Send in a voice message: https://podcasters.spotify.com/pod/show/using-ai/message

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