Generative AI and Avoiding School Boy/Girl Mistakes (October 2023)

I am hugely excited about the potential of Generative AI in legal. We have worked on some really fascinating projects which could be game changing with more in the pipeline. I am however trying to approach this area with some realism. From some comments I have heard however some run the risk of making school boy/girl errors which I would prefer we avoid as a profession.

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Derek Southall
The Business of Law 5.0 - Generative AI, ChatGPT4 and what to do about it (12 May 2023 Edition)

We appear to be entering the era of 5th generation law (analogue, 1st gen technology, new business models, digital and now AI). We are now seeing the explosive growth of ChatGPT4 and Generative AI. ChatGPT is already one of the fastest adopted technologies of all time with the take up being 100 million users within two months and around 1.2 billion users by March 2023.

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Derek Southall
Microsoft 365 “The Great Leveller” - Managing Partners Take Note

At the risk of stating the obvious Microsoft 365 is gaining huge momentum. It now has in excess of 345 million users. The last reported turnover for Microsoft for the 12 months ending 31 December 2022 is $204.094 billion with $139.110 billion gross profit. As many are discovering it also has huge capability: the Power Platform, embedded AI, Yammer, Digital Dictation, Power BI but to mention a few.

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Derek Southall
10 Lessons for Recessions

And so we may be on the cusp of a recession.

Recent stats are indicating that we may not be there yet. They are showing more optimism with inflation being more under control but even the most upbeat of us would struggle to deny the overall direction of travel. A recent eminent economist put it well: “From an economic perspective the UK has a tough 18 months ahead”.

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Derek Southall