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

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 OpenAI plans App Store for AI models - https://www.reuters.com/technology/openai-plans-app-store-ai-software-information-2023-06-20/ 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/ 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/ 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) - UK - https://jackwshepherd.medium.com/chat-gpt-for-contract-drafting-ai-v-templates-50ec8fd42f44 - Legal Practice Lead at iManage UK - Morgan, Lewis & Bockius LLP - https://www.lexology.com/library/detail.aspx?g=d0696eb9-c850-43d6-968f-a06330b59e38 Document Review - How good is GPT-4 at marking up contracts? - https://www.clausebase.com/post/how-good-is-gpt-4-at-marking-up-contracts Negotiation Nobody is doing this yet What our Legal Assistant does - and when it’ll be released Check that out at https://get.genieai.co/ or by simply signing up to our app - https://app.genieai.co/community Crazy things from this week 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 Grammy’s will allow AI-use - https://time.com/6288131/grammys-ai-rules/ 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 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