New year, same newsletter, and desire to inform about the wonderful world of legal technology! ⚖️ 🚀🔥
In this past month, the whole world was excited about Artificial Intelligence. Therefore, we decided to dedicate our latest posts and this month's newsletter to better understand what shall be considered as AI, why GPT -3 is so different from all the previous AI(s), and how this disruption could affect the legal world! 🤖
A (very) brief history of AI 📜
The idea of a machine able to replicate human behaviors and thoughts is as old as human history; its roots can be found in philosophy, literature, art, and fantasy. For example, the short tale "Runaround" by American science fiction author Isaac Asimov, published in Astounding Science Fiction in 1942, accurately portrays what artificial intelligence will likely develop into in the future.
However, the modern field of AI as we know it began to take shape in the 1950s. Researchers at Dartmouth College organized a conference in 1956 to discuss the possibility of creating "thinking machines." From this conference, the field of AI was born to develop computers that could think and learn like humans. Early AI research focused on creating programs that could perform specific tasks, such as playing chess or solving mathematical equations. However, progress in the field was limited by the technology of the time and by a need for more understanding of how the human brain works.
In the 1980s and 1990s, AI research shifted towards developing expert systems designed to mimic the decision-making abilities of human experts in specific fields. These systems could perform tasks such as diagnosing medical conditions or interpreting legal documents. At the same time, machine learning began to take shape, which focused on creating algorithms that allow computers to learn from data and improve their performance over time.
In the past decades, AI has advanced due to deep learning, creating powerful AI systems capable of image recognition, NLP, and content generation. The most critical example is OpenAI, a non-profit research organization founded by influential tech leaders, which aims to achieve artificial general intelligence, a machine with cognitive abilities comparable to those of a human being, capable of understanding or learning any intellectual task that a human being can and ensure its benefits for humanity. OpenAI released GPT-2, a large unsupervised language model trained on 40GB of text, and GPT-3, the largest dense language model that could learn new tasks when given examples in context.
GPT-3: why sometimes size matters 😛
GPT-2 and GPT-3 are like two siblings in the world of language models, both developed by OpenAI but with some distinct differences. Imagine GPT-2 as the older and more experienced one; it has 1.5 billion parameters that allow it to understand and generate text with some fluency. But GPT-3 is the family's prodigy; with 175 billion parameters, it can generate text that is not only coherent but also creative and versatile. GPT-2 was trained on a dataset of web pages, but GPT-3 was exposed to a vast and diverse collection of texts from the internet, allowing it to have a broader perspective and understanding of the world. GPT-2 is like a generalist, it can do a decent job at many tasks, but GPT-3 is like a specialist, it has been fine-tuned for specific natural language tasks, and it excels at them. GPT-3 is the new frontier in AI language models, and it's more powerful and versatile than GPT-2.
GPT-3 is having a significant impact on various fields due to its natural language understanding capabilities. It is used in NLP applications, such as chatbots and virtual assistants, machine-generated content, and language translation. It's also used in the legal field to automate document review, contract analysis, and legal research. In addition, GPT-3 is used in creative writing, finance, healthcare, education, and customer service to improve efficiency and effectiveness. Industrial industries may be significantly impacted by artificial intelligence. Companies in the legal, financial, and automobile industries have used it. For businesses looking to outperform their competitors, owning data and employing artificial intelligence to analyze it has become essential.
And what about Legal tech? ⚖️
Artificial Intelligence is revolutionizing the legal industry, as many others, and it's bringing many changes for legal departments and lawyers.
One of the most significant benefits of AI in the legal field is its ability to automate repetitive and time-consuming tasks, such as document review, contract analysis, and legal research. This allows legal teams to focus on more high-value tasks.
In addition to the time and cost savings, AI can quickly analyze legal departments to identify potential risks and compliance issues. This can help companies to avoid costly legal disputes and protect their reputation. Another aspect that artificial intelligence can improve is the quality of legal services by providing more data and information than a human lawyer could access manually.
Using AI in the legal field raises essential ethical considerations such as bias, accountability, transparency, and privacy. AI systems can perpetuate prejudices based on the data they are trained on, and determining responsibility for mistakes can be difficult. Transparency in AI decision-making is crucial to assess fairness and accuracy, and processing sensitive personal data raises privacy concerns. These issues highlight the need for trustworthy development and deployment of AI in the legal industry and ongoing dialogue about the role of AI in the justice system.
Overall, the integration of AI in the legal field holds great potential to improve the efficiency, effectiveness, and accessibility of legal services. We expect to see more legal tech companies providing AI-powered solutions soon.
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