Historically, legal representatives have battled with some AI-based tools
doubtful about artificial intelligence. AI is getting incredible attention and significant venture capital, however AI tools frequently underwhelm in the trenches. Here are a few reasons why that is and why I think GPT-3, a beta variation of which was just recently released by the OpenAI Structure, may be a game changer in legal and other knowledge-focused organizations. GPT-3 is getting a great deal of oxygen lately due to the fact that of its size, scope and capabilities. However, it must be acknowledged that a significant amount of that attention is due to its association with Elon Musk. The OpenAI Structure that developed GPT-3 was founded by heavy players Musk and Sam Altman and is supported by Mark Benioff, Peter Thiel and
Microsoft, among others. As soon as observed that excellent developments take place after everybody stops laughing, Arthur C. Clarke. Musk has actually made the world stop chuckling in many ambitious locations that the world is inclined to give a job in which he’s had a hand a second look. GPT-3 is getting the advantage of that spotlight. I recommend, nevertheless, that the attention might be called for on its benefits. Why have some AI-based tools had a hard time in the legal profession, and how might GPT-3 be different? 1. Not every problem is a nail It is said
that when you’re a hammer, every problem is a nail. The networks and algorithms that power AI are rather proficient at drawing correlations across huge datasets that would not be obvious to people. One of my favorite examples of this is a loan-underwriting AI that figured out that the
charge level of the battery on your phone at the time of application is associated to your underwriting threat. Who understands why that is? A human would not have
speculated that connection. Those things are not reasonably related, simply statistically related. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.