The use of Artificial Intelligence (AI) has become more prevalent in the business world, especially in routine tasks such as contract creation. OpenAI’s generative AI, ChatGPT, can now produce a construction contract for a mixed-use project in San Jose, California, however, construction lawyers advise against relying solely on AI-generated contracts. Even though AI has potential in construction to help with junior-level tasks, it also creates problems with client confidentiality, plagiarism, intellectual property, and no one human eyeing the contracts. The machines struggle in the area of risk allocation, which requires project-specific analysis, although AI can work well when humans feed it with structured parameters to summarize or highlight certain areas. AI won’t replace lawyers, but instead, it will enhance what lawyers already do, making the drafting of contracts more efficient, whilst lawyers provide a holistic understanding of how contract provisions could impact the project.
ContractPodAi is a London-based firm that developed an AI-powered legal assistant known as Leah, which can analyze contracts and flag relevant portions of documents on command.
Jerry Levine is the General Counsel at ContractPodAi, a London-based firm that developed an AI-powered legal assistant.
