AI21 Labs concludes largest Turing Test experiment to date — from ai21.com
As part of an ongoing social and educational research project, AI21 Labs is thrilled to share the initial results of what has now become the largest Turing Test in history by scale.
.
Allen & Overy breaks the internet (and new ground) with co-pilot Harvey — from legaltechnology.com by Caroline Hill
Excerpt (emphasis DSC):
We’re told that at the end of the trial, around 3,500 of A&O’s lawyers had asked Harvey around 40,000 queries for their day-to-day client work. MIG head David Wakeling said in a statement yesterday: “I have been at the forefront of legal tech for 15 years but I have never seen anything like Harvey. It is a game-changer that can unleash the power of generative AI to transform the legal industry. Harvey can work in multiple languages and across diverse practice areas, delivering unprecedented efficiency and intelligence. In our trial, we saw some amazing results.”
Also related/see:
OpenAI-backed startup brings chatbot technology to first major law firm — from reuters.com by Sara Merken
Summary:
- Allen & Overy partners with legal startup Harvey
- Harvey received $5 million in a funding round led by the OpenAI Startup Fund last year
Today: the 7th largest law firm on Earth announced a 3,500-lawyer deal with Harvey, an OpenAI-backed AI Lawyer startup:
See below for:
– Deal details
– Harvey’s capabilities (?)
– Harvey’s open roles (I refer talent to them!)1/6 pic.twitter.com/OLdusvcqrG
— AI Pub (@ai__pub) February 16, 2023
Global Firm Allen & Overy Rolling Out Harvey.ai — from legallydisrupted.com by Zach Abramowitz
Excerpt:
Here’s another way to think about what it can do: read, understand, analyze, issue spot and draft responsive documents. Does that apply to a lot of contract work? Sure. Litigation? Yep, that too. The reason this is hard to swallow is that we’re stuck in a framework where there are contract tools for contracts, eDiscovery tools for discovery, drafting tools for drafting etc. The AI revolution could potentially change that paradigm.
The Top Legal Tech Startups to Watch in 2023 — from gritdaily.com by Spencer Hulse
Excerpt:
There are certain industries that have been slower to embrace technology than others, and the legal profession is one of those at the very top. However, legal tech startups have been gaining ground in recent years, with the market expected to reach around $32 billion in 2025. There is also a significant rise in legal department spending on legal tech, which is only going to rise in the coming years.
Legal tech offers numerous solutions, which include everything from offering legal advice digitally to AI and automating some of the time-consuming processes formerly handled with pen and paper.
The following list includes legal tech startups and companies of all sorts, from those that have been around for years to up-and-coming innovators.
Embracing The Tectonic Shift: How Technology Is Transforming The Legal Profession — from livelaw.in by Khushboo Luthra
According to a Gartner Report, 4 of 5 legal departments plan to increase technology spending. By 2024, legal departments will replace one out of five lawyers with a nonlawyer staff, and 1/4th of the expenditure on corporate legal applications will go to non-specialist technology providers. By 2025, legal departments will have automated 50% of legal work related to significant corporate transactions.
Generative AI Is Coming For the Lawyers — from wired.com by Chris Stokel-Walker
Large law firms are using a tool made by OpenAI to research and write legal documents. What could go wrong?
Excerpt:
The rise of AI and its potential to disrupt the legal industry has been forecast multiple times before. But the rise of the latest wave of generative AI tools, with ChatGPT at its forefront, has those within the industry more convinced than ever.
“I think it is the beginning of a paradigm shift,” says Wakeling. “I think this technology is very suitable for the legal industry.”
Generative AI is having a cultural and commercial moment, being touted as the future of search, sparking legal disputes over copyright, and causing panic in schools and universities.
As law profs/law schools consider how to deal with chatGPT on exams, let me propose one approach: students *must* use it on one issue-spotting question, but then have to redline the answer, showing their work in improving upon it. 1/3
— Gabe Teninbaum (@GTeninbaum) February 22, 2023
Addendum on 3/6/23:
Will artificial intelligence replace your lawyer–and will its name be Harvey? — from fortunes.com by Aron Solomon
Edtech’s brightest are struggling to pass — from techcrunch.com by Natasha Mascarenhas
Excerpts:
In the last quarter of 2022, edtech layoffs have hit venture-backed businesses including but not limited to BloomTech, Vedantu, Teachmint, Reforge, Coursera, Unacademy, Byju’s, Udacity and Brainly. Executive shifts include Quizlet CEO stepping down, Degreed’s CEO stepping aside for the founder’s return, and Invact Metaversity’s co-founder leaving after irreconcilable differences with his co-founder.
Class, an edtech company that neared unicorn status only 10 months after launching its Zoom School alternative, also conducted layoffs this year. The company raised a total of $146 million in known venture funding to date, including a SoftBank Vision Fund II check. CEO and founder Michael Chasen did not respond to a request for comment
The e-mail sent to staff was even more direct. “The truth is the layoffs in our sector are widespread for a reason,” Amir Nathoo, the co-founder of edtech unicorn Outschool, wrote in an email sent to staff. “The funding atmosphere has been dramatically impacted by the anticipation of a recession, higher interest rates and an increased need to show [return on investment] to investors.”
Addendum on 12/15/22 — and focuses on India:
- Will Edtech See a Paradigm Shift In 2023? — from entrepreneur.com by S. Shanthi
Higher education, phygital models, vernacular learning, re-skilling, up-skilling are some of the trends that are expected to stay attractive
Are Microcredentials Finally Gaining Traction? — from insidehighered.com by Joshua Kim
Excerpt:
This month, the London School of Economics expanded its degree partnership with 2U to launch a series of edX microcredentials that provide learners with a flexible, stackable pathway towards pursuing a fully online undergraduate education. Wim Van der Stede, LSE’s new academic dean for extended education, graciously agreed to answer my questions about these new programs.
In that time, we’ve seen the power that online learning has to meet learners’ needs at every stage of their lives and careers.
…
The world around us is changing, rapidly, and we need to support professionals, alumni and students in refreshing and adapting their knowledge and skills, as and when they need, through evolving lives and careers. This is at the heart of LSE’s mission as a global social science hub of research and education, and plays a key role in achieving our mission to educate for impact by empowering students to develop the skills to solve society’s most pressing issues in an ever-changing world.
A side thought from DSC:
Speaking of Economics, I wonder if and how Artificial Intelligence (AI) will impact the field of Economics?