Too busy to read it all? Try these books, blogs, webcasts, websites and other info resources curated by CCBJ especially for corporate counsel and legal ops professionals.
BLOG: MIT Technology Review
As a small team from OpenAI played around with their text-to-image model, they quickly figured out they were on to something special. “As the Open AI team tinkered with the model, everyone perked up. It was very clear that this was it—this was the product,” says Sam Altman, leader of OpenAI. “There was no debate. We never even had a meeting about it.” Nobody, however, could have predicted just how big a splash this product was going to make. “This is the first AI technology that has caught fire with regular people,” Altman says.
ANNOUNCEMENT: Gartner Legal & Compliance
Garter calls on legal and compliance leaders to address exposure to six specific ChatGPT risks, and what guardrails are needed to ensure responsible enterprise use of generative AI tools. The six risks are: Fabricated and Inaccurate Answers; Data Privacy and Confidentiality; Model and Output Bias; Intellectual Property and Copyright; Cyber Fraud; and Consumer Protection. “The output generated by ChatGPT and other large language model tools are prone to several risks,” says Ron Friedmann, senior director in the Gartner Legal & Compliance practice. “Legal and compliance leaders need to ensure their organization’s ChatGPT use complies with all relevant regulations and laws, and appropriate disclosures have been made to customers.”
COLUMN: ABAJournal.com
Nicole Black, Senior Director, SME and External Education at MyCase, a company that offers legal practice management software for small firms, writes here about the intersection of AI and contract management. “The adaptive nature of contract analysis software enables it to continuously learn from newly added contracts, such as nondisclosure or employment agreements,” she says. “If your legal practice involves frequent contract review, it would be a mistake to overlook the advantages that these software solutions offer.” Her non-exhaustive list includes: Spellbook, a contract analysis tool built on ChatGPT4, LegalOn AI Revise; a GPT-powered contract editing tool; Lexion AI Contract Assist, an AI-powered addition to Lexion’s Word plugin using GPT-3.5 to assist in drafting and negotiating contracts; and Ironclad AI Assist, a GPT4-powered redlining tool.
Published August 3, 2023.
