1. Summarise the article in 2 sentences (this is a useful skill to practice, as many case study interviews or interviews surrounding an article begin by asking you to summarise the key points).
This article reports on Google’s attempt to attract investors and compete against Microsoft’s rapidly succeeding AI platform with its own AI bot, Bard. However, the shares of the parent company have fallen after the bot’s failure to answer a question, indicating that more rigorous testing needs to be done before it can compete with ChatGPT on the same level.
2. Can you think of any other companies that have been trying to catch up with ChatGPT?
Allen & Overy has introduced its own AI technology, called Harvey, to help lawyers draft legal documents however, it can still provide inaccurate results and its use should still be supervised.
3. What could be the advantages and disadvantages of ChatGPT?
Advantages:
- Work becomes quicker and more efficient.
- Produces personalised content and keeps track of previous answers
- Responds to a wide range of questions and topics
Disadvantages:
- Plagiarism risks (students have been caught using ChatGPT to write their essays.
- Cannot produce an opinion.
- May generate incorrect information or very vague information when it comes to difficult topics (for example, I have used ChatGPT to summarise an article about trusts of the family home in my equity module but it provided a very vague response and after reading the entire article myself, there was a lot of key information missed in the summary provided by ChatGT).
4. From a legal standpoint, what practice areas might be affected by this trend? How might law firms be able to advise clients in light of this trend?
From a legal standpoint, areas that might be impacted include IP and technology as lawyers may need to advise their clients on protection and compliance of their data. Alternatively, lawyers may advise clients who are seeking to create their own AI platform to keep up with this trend and attract investors.
