In a groundbreaking moment,Watch Maninilip Online AI successfully negotiated a contract with...AI.
There were no real stakes involved, since it was a just a live demo, but artificial intelligence company Luminance just provided a glimpse of what the future might look like for the legal industry. On Tuesday, the UK-based company's large language model (LLM) automated a contract negotiation "without human intervention, between two opposing parties." Luminance claims this is the first completely AI-powered contract negotiation. The model was trained on 150 million legal documents to gain legal knowledge.
Industry-specific LLMs are one of the latest evolutions from generalist models like ChatGPT. Expect to see more of these customized AI models cropping up.
On Monday, OpenAI announced custom GPTs, which allow the user to build and train a model for their own purposes without any coding experience needed. GPTs are marketed towards ChatGPT users, but also ChatGPT Enterprise customers who use a private version of ChatGPT internally.
The benefit of using a bespoke model is not only data privacy, but also focused expertise for companies looking to automate tasks. Luminance, which does this for legal contracts, is aiming to cut down on hours lawyers spend negotiating terms.
Reviewing legal documents is a time-consuming process for lawyers. LLMs like Luminance's proprietary legal-focused model, Autopilot, are able to understand and analyze massive amounts of information in a matter of seconds.
Automating the review of routine contracts like nondisclosure agreements could save legal professionals tons of time. "By putting the day-to-day negotiations in the hands of an AI that is legally trained and understands your business, we’re freeing lawyers up to focus their creativity where it counts," said Jaeger Glucina, Luminance chief of staff, in the announcement.
This doesn't mean there's zero oversight. According to CBNC's Ryan Browne, who saw the live demo, there's a live log highlighting changes to clauses and suggested changes, so lawyers can review the process and double-check it for errors.
Topics Artificial Intelligence
The Best Gaming Concept Art of 2016
Donald Glover will be the new Simba, but Mufasa will be a familiar face
Someone uncovered an old email that predicted Donald Trump's presidency
14 times footballers were unintentionally hilarious on Twitter
Bomb Envy
Here's a bunch of politicians 'dancing' to Daft Punk, and you're welcome
J.K. Rowling has the best response to Trump's non
'Lightseekers' puts the action back into action figures
The Sound and the “Furious”
You have to play 'Horizon: Zero Dawn' if you own a PS4
NYT Connections Sports Edition hints and answers for April 26: Tips to solve Connections #215
Talking Trump mask appears at New York Toy Fair even without winning the popular vote
SpaceX sticks daytime rocket landing back on Earth after launch to space
Brewery gives employees 'puppy parental leave' and everyone else major job envy
Best portable power station deal: Save 44% on the Jackery Explorer 100 v2
Extremely happy stingray poses for photo with couple on vacation
The biodegradable paper airplane that could revolutionize humanitarian aid
Samsung confirms Unpacked stream for July 9
President Trump says semiconductor tariffs are next
Justin Trudeau and Angela Merkel had a candlelit dinner and I am fine with that
Apple opens App Accelerator in India to foster iOS app developmentTrans people celebrate visibility and identity in poignant new videoJustin Theroux gave Jennifer Aniston an empty piñata because being famous is terribleDespite warnings, bros are surfing on floodwatersAn exhaustive breakdown of how the new 'It' trailer compares to the originalSexism is the new clickbait. Find another route to internet fame.Jack Antonoff teams up with Lorde for Bleachers' stellar 'Don't Take the Money'Little girl photobombed by huge venomous snakeJeff Bezos and Amazon are nearing a superCritics think 'Thimbleweed Park' nails the spirit of '80s adventure gamesSpaghetti donuts are the latest frankenfood obsessionThe West Indian manatee makes it out of the endangered zoneEPA mistakenly tells the truth about Trump's climate plansSamsung totally knew it put the S8’s fingerprint sensor in a terrible spotNASA's Peggy Whitson broke another space record and would she just adopt me already?Everyone made the same 'Zoolander' joke about the Final Four courtThe Galaxy S8 could be stupid fast on certain LTE networksWhich iPad Model Should You Get?This stag with a bra stuck on its antlers has some serious explaining to do3 podcasts that will help millennials take over the world Will the Black Lives Matter moms help Hillary Clinton win? Photograph of a hungry corgi gets the Reddit Photoshop battle treatment. Dad behind the USA Freedom Kids is now suing Donald Trump Large chunk of beach gets eaten up by the ocean in 'nearshore landslip' event Boyz II Men just made our dreams come true with this '90s throwback Watch Michelle Obama's full Democratic convention speech Cory Booker answers Donald Trump's hateful tweet with love 'Fortnite' cross Mariah Carey wisely demands Mariah Carey music as she dines Lorde's Uber driver tells her about the joy of meeting celebrities other than Lorde Silicon Valley’s hottest job is styling helpless tech execs Reese Witherspoon's book 'Whiskey in a Teacup' is a delight RIP, father of the Force: Remembering Star Wars producer Gary Kurtz I communicated like Cher for the day and people were confused BTS challenges Jimmy Fallon to the ultimate 'Fortnite' dance Watch the tearful moment between Larry Sanders and his brother Bernie Apple's iPhone XS Max is selling a lot better than XS, report claims Bernie Sanders gets booed after endorsing Hillary Clinton Fisherman captures footage of epic battle between hammerhead and tiger shark 5 ways we can teach kids how to handle romantic rejections
2.8036s , 8200.8984375 kb
Copyright © 2025 Powered by 【Watch Maninilip Online】,New Knowledge Information Network