One of the most topical and potentially most significant recent developments had been the release of several different language-based generative artificial intelligence tools, such as ChatGPT and Google’s Bard. The advent of these tools, their ease of use, and their responsiveness has led to observers and commentators to question whether these tools could drive significant changes in the economy and labor force – among other things, for example, whether these tools might have significant implications for the practice of law. My own experience (discussed here) is that while these tools are interesting, they are no substitute for the research and writing of an experienced lawyer. A recent case, involving an experienced New York lawyer who relied on ChatGPT generated content in a legal brief in a client’s case, demonstrates the dangers involved for anyone who relies on ChatGPT as a substitute for legal research. The case was described in a May 27, 2023, New York Times article entitled “Here’s What Happens When Your Lawyer Uses ChatGPT” (here).Continue Reading AI is Not Quite Ready to Replace the Lawyers
You can hardly turn on any of your various devices these days without encountering yet another hyperventilating article or program about ChatGPT or, more generally, about artificial intelligence (AI) chat bots. Time magazine recently ran a cover story about ChatGPT and the AI chat bot race. As if that were not enough to signal that ChatGPT has arrived as the social phenomenon du jour, the Wall Street Journal recently ran a long self-consciously serious op-ed column in which Henry Kissinger and two other public intellectuals called ChatGPT “a new technology [that] bids to transform the human cognitive process.” Wow! OK, then.
Despite these and many other recent signs and signals of impending doom, I was fully prepared to ignore ChatGPT and carry on with my life – that is, until one of my colleagues recently asked me whether, given that advent of ChatGPT, my days as a blogger are about to come to an end? The question, in its simplest form, is whether I am about to be replaced by a machine. If you listen to the current ChatGPT hype, it may be a question that all of us need to be asking ourselves.Continue Reading Are We All About to be Replaced by AI Chat Bots?
In the following guest post, Sarah Abrams, Head of Professional Liability Claims at Bowhead Specialty, takes a look at the challenges that financial trading based on Artificial Intelligence (AI) could mean for D&O, Professional, and Cyber insurers. I would like to thank Sarah for allowing me to publish her article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Sarah’s article.Continue Reading Guest Post: AI Financial Trading; A Brave New World for Insurers