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visarga t1_j5gwe6f wrote

Reply to comment by ecnecn in People are already working on a ChatGPT + Wolfram Alpha hybrid to create the ultimate AI assistant (things are moving pretty fast it seems) by lambolifeofficial

> Some of the big names in law business will vanish or massively reduce personel in the next years.

So there are two choices here

  1. use AI to reduce costs, assuming AI are perfect
  2. use AI to increase profits, assuming realistic AIs

You think 1 is more probable. I think people are still necessary to maximise profits. AI works better with people around.

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ecnecn t1_j5gxbsv wrote

There will be a core team of their best lawyers (honors exam lawyers) but the law firms & their consulting contracts will get a direct hit - so some employees of the law department. As of now purpose-trained Davinci reaches an accuracy about 75% the costly consultants had an accuracy about 80% (they actually measured it) ... 5% less accuracy (GPT 3.5) but much less cost. If GPT 4.0 is just a bit better it will change workspace forever. You are right it works better with people but you just need the elite of each department. This bank has like core team of 5 high paid syndicus lawyers and 30 contract lawyers from law firms. They will reduce their core team to 3 and cut the contract. Now interpolate this step to every bank in EU...

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