Generative AI and its impact on the legal industry
Hindustan TimesGenerative Artificial Intelligence is a new phenomenon which has taken the world by storm in this passing year. Before the existence of Generative AI, the last major technology incorporation in the legal industry was the establishment of online databases and repositories of legal knowledge when the transition from solely pen and paper-based systems to a hybrid with digital systems took place. The capability of a Generative AI to continuously learn, refine and better itself allows it to cope with the extensive requirements of legal work. Generative AI can be used to accomplish a variety of tasks such as legal research, due diligence, preparation of briefs and summarisation of a multitude of extensive legal documents. Another issue with the use of Generative AI is what would be the answer to a problem in which completely contradictory information as the solution is provided on the World Wide Web.