TL;DR:
- Genie AI is introducing the UK’s first AI Legal Assistant, leveraging OpenAI’s GPT-4 technology.
- GPT-4 has shown remarkable performance on the Uniform Bar Exam, surpassing previous models.
- Genie AI aims to outperform GPT-4’s legal capabilities by the end of the year.
- Key features of Genie AI’s AI Legal Assistant include real-time document-level workflows, red-flag reviews, and legal explanations.
- The AI Legal Assistant will offer a “multi-modal” experience integrated within the Genie editor.
- Genie AI utilizes extensive legal and commercial datasets, as well as prompts crafted by senior lawyers.
- The company’s open-source legal templates are already in use by numerous law firms and companies.
- Genie AI is conducting testing in various common law jurisdictions, including the US, Canada, India, Australia, and New Zealand.
Main AI News:
In a groundbreaking development, Genie AI, a leading technology company specializing in artificial intelligence (AI) and machine learning (ML), has announced the imminent launch of the UK’s first AI Legal Assistant, poised to outshine the capabilities of GPT-4, OpenAI’s latest innovation.
Leveraging OpenAI’s impressive GPT-4 technology, Genie AI has harnessed the power of this cutting-edge platform to create its proprietary Large Language Models (LLM). GPT-4 has proven its mettle on the Uniform Bar Exam (UBE) by surpassing all previous LLMs, attaining scores in the top 10% among human test-takers for both the multiple-choice and written components. A stark contrast to its predecessor, GPT-3, which languished in the bottom 10%.
The extraordinary advancements observed in foundational models like GPT-4 can be attributed to the scaling of the underlying model, rather than specific fine-tuning for legal applications. However, London-based Genie AI aims to surpass GPT-4’s legal performance by the end of this year, as measured by accuracy under UK law.
Genie AI’s AI Legal Assistant boasts several key features that set it apart in the legal tech landscape:
1. Real-time document-level workflows: Users can now enter queries at the document level, seamlessly soliciting suggestions for relevant standard clauses or identifying missing elements in real-time.
2. Red-flag review: Powered by AI, the Legal Assistant automatically identifies clauses in AI-assisted documents, employing a color-coded system to categorize them as red, yellow, or green based on riskiness and favorability. Alongside these classifications, the tool provides in-line suggestions, accompanied by comprehensive explanations for the user’s consideration.
3. Legal explanations: Simplifying the complexity of legal documents and clauses, the AI Legal Assistant draws upon the expertise of senior legal counsel to generate simplified summaries or comprehensive explanations.
In addition to outperforming GPT-4, Genie AI’s AI Legal Assistant aims to deliver a “multi-modal” experience, seamlessly integrated into the Genie editor. Users can expect an array of capabilities, including commenting, reviewing, reformatting, highlighting, annotating, suggesting, and exporting. This holistic functionality replicates human-like behavior, ushering in a new era of efficiency and effectiveness.
To surpass GPT-4, Genie AI’s AI Legal Assistant harnesses the power of extensive legal and commercial datasets, encompassing business contracts and legal precedents. Additionally, the system incorporates hundreds of prompts tailored to legal use cases, meticulously crafted by senior lawyers. To further enhance performance, insights from various other models are integrated alongside GPT-4.
Genie AI’s open-source legal templates, numbering an impressive 1,500, are already in use by 1,000 law firms and companies with in-house legal teams. A staggering 10,000 organizations overall benefit from these templates, with 200 new entities joining daily. The invaluable anonymized data generated through user comments, suggestions, and edits are systematically structured and seamlessly integrated into Genie AI’s own LLM for meticulous fine-tuning.
Alex Papadopoulos, ML Research Scientist at Genie AI, expressed immense pride in the remarkable progress achieved thus far. He emphasized the foundation of their LLM, which amalgamates proprietary usage data with over 100,000 megacap company agreements. Committed to continuous customer research, Genie AI aspires to develop the world’s premier AI Legal Assistant for the UK and other common law jurisdictions.
Furthermore, Genie AI is actively conducting rigorous testing of its AI Legal Assistant in complementary common law jurisdictions, including the United States, Canada, India, Australia, and New Zealand. These extensive trials will further refine and augment the capabilities of this cutting-edge legal tool, ensuring its seamless integration and effectiveness across multiple legal landscapes.
Conclusion:
The launch of Genie AI’s AI Legal Assistant presents a significant breakthrough in the legal tech market. By leveraging GPT-4 technology and incorporating extensive datasets and tailored prompts, Genie AI aims to outperform existing models in legal tasks. The advanced features and multi-modal experience offered by the AI Legal Assistant are expected to enhance efficiency and productivity for legal professionals. With the widespread adoption of Genie AI’s open-source legal templates and the ongoing expansion into common law jurisdictions, the company is poised to make a substantial impact on the legal industry globally.
