To quote Sandra Day O’Connor; the first woman to serve on the US Supreme Court:
“Knowledge is power, and in the legal profession, it is the key to success”.
So, drop your work for a minute and read the most important things you need to know about Chat-GPT. We even drafted it the lawyer-way for you:
THIS ARTICLE is made as of this day, 15 March 2023, by:
The parties under 1 and 2 above are collectively referred to as the “Winning Team”.
Yesterday, OpenAI released GPT-4. The internet is flooded by articles, posts and blogs about how it will change the world - which it will! Our dear friend and Professor AI at INSEAD, Theodoros Evgeniou even dares to ask: is 1 year of tech progress now equal to 1000 years of historical science progress? Similarly, Professor of Law and Legal Technology Richard Susskind stated in his article in The Times that it is "the most impressive system I have seen in 40 years of working on AI". So, read carefully.
“GPT” means Generative Pre-trained Transformer and is a type of machine learning model that carries out NLP tasks such as language translation, text summarization, and language generation;
“GPT-4” means the newest GPT model that is a ground-breaking improvement of GPT-3.5;
“NLP” means Natural Language Processing and is a subfield of AI that focuses on enabling computers to interpret, understand and generate language;
By inputting the right information, Chat-GPT can help lawyers build stronger cases and make more informed decisions. Specialist companies can augment Chat-GPT to make it usable for lawyers. If trained the right way, it can be used to:
DISCLAIMER: the domain knowledge and expertise of lawyers is and will remain highly necessary! Lawyers – not chat-GPT – know how to go about litigation; they have the ability to tap into their own experiences and emotions to create more authentic and relatable work and they know how to prepare, litigate and win cases for their clients.
If built right, GPT-powered legal tech can alleviate you as a lawyer from burdensome tasks and empower you to do what is most important: excellently serve your clients’ needs.