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When Justin used ChatGPT at work earlier this year, he was pleased by how helpful it was. A research scientist at a Boston-area biotechnology firm, he'd asked the chatbot to create a genetic testing protocol -- a task that can take him hours, but it was reduced to mere seconds using the popular artificial intelligence tool.
Companies know generative AI tools like ChatGPT could be a game changer, but fears about security and privacy are holding some of them back.
The fast-moving AI landscape is creating a dynamic in which corporations are experiencing both "a fear of missing out and a fear of messing up."
With the emergence of generative artificial intelligence heralding a new era of productivity, law firms are weighing the use of AI to improve efficiencies and cut costs at a time when economic uncertainty is dampening revenue prospects. But as the technology's inherent flaws come to light, not to mention the potential for abuse, firms need to move with caution to deal with the flip side of AI.
With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey said Wednesday that it raised $21 million in fresh investor cash.