Tag: Legal Industry
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Legal Field in Big Trouble: Fund Manager Advises against Law School; Urges Trades Instead
The future of the legal industry is uncertain, as AI automation tools threaten to replace professionals. Founder Geoff Lewis warns against pursuing a law degree and suggests blue-collar work may be a better option.
Parrot AI Secures $11M Series A Funding to Drive its Transcription Platform that Converts Speech to Text
Parrot AI raises $11M in Series A funding round for its top-notch transcription services for legal & insurance industries. Its latest innovation can summarize depositions in seconds. Discover how they plan to revolutionize the industry with AI.
OpenAI CEO Altman Searching for Direction for His Chatbot, Sam
OpenAI CEO raises concerns about chatbot program spreading false information; an American lawyer's reliance on the AI led to detrimental impact on his case. A cautionary tale for all professionals.
Lawyer’s AI error highlights risks of early chatbot technology
AI tools can be helpful but New York lawyers warn of risks. ChatGPT was used to create false court cases, highlighting the need for caution and regulation. #AIinLaw #LegalIndustry
OpenAI’s Brockman: Exploring Possible Use Cases and the Next Step for Developers
OpenAI, founded in 2015, develops generative AI technology such as ChatGPT and is well-known for its research into artificial intelligence. President and co-founder Greg Brockman recently discussed sector-specific use cases and adopting pre-built models in order to unlock the potential of generative AI technology at Microsoft Build event. CTO Kevin Scott promoted applying copilots - AIs powering conversations - to help with everyday tasks such as social media management. Developers will create experiences with AI as the focus shifts to specific industries, such as healthcare and transportation.