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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The most dangerous thing about AI is how credulous people are about what it can do.

It can't think. It can't reason. It doesn't make choices. It doesn't even "write."
It recognizes patterns and makes predictions based on those patterns. There are uses for that! But very few jobs where that is the whole ball of wax. [/quote]
+1. Also how people assume it’s getting better / more accurate the more it is used and the more time
passes, which may not be the case. [/quote]

There is no “may not be” about it, it is the case.

And you can customize it to your own companies needs; you can direct outputs to align with you mission statement, broad goals, short term goals etc. And you can instruct to stay within regulatory or charter guardrails.

So many people commenting that have no idea  what the current AI  capabilities are.

I am not in tech or a super technical person, but I am definitely not going to leg it pass me bye.

It saves so much time and has greatly reduced my stress level. [/quote]

It is a tool.  Cannot replace judgment.  Stay within regulatory guardrails?  You can’t program that. That is an art not a science.  Also money is made when guardrails are pushed but not broken.  Good luck with AI for that.  Acceptable regulatory risk today may not be ok tomorrow but fine on Friday.  [/quote]

Just wait.  This is like the internet in 1995, before widespread commerce, banking, investing, etc.

The models are getting better at an astonishing rate, and we're just getting started.  I don't think we'll be using pure AI to argue in court (of course not), but it's going to speed up every other part of the legal profession.  Unless more work is created, that will put downward pressure on rates.  It will probably be akin to what's happening in software - those that use AI effectively will be more productive and thrive, ultimately creating more value for themselves and the firms they work for.

[/quote]

Maybe in 10 years we can have this argument.  I doubt it though.  I do not think there will be a downward pressure on rates.  Either no pressure or at the top of the profession an increase in rates.  [/quote]

I think we end up with fewer overall lawyers, with those at the top still commanding high rates.  Either they or their assistants will have to be very competent in AI tools to keep up.  [/quote]

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