DOWNTOBUSINESS
WHAT DOES ARTIFICIAL INTELLIGENCE MEAN FOR YOU AND YOUR LAW FIRM ’ S GROWTH ?
By Ken Hardison
Artificial Intelligence ( AI ) has become one of the hottest topics taking the business world by storm . This cutting edged technology has tremendous application for today ’ s law firms . Unlike the Metaverse , which garnered significant initial interest but has yet to deliver appreciable results , AI is already a potential game changer for users who grasp its applicability . AI is machine displayed intelligence that simulates human behavior or thinking and can be trained to solve specific problems . It is a combination of both machine learning techniques and deep learning . AI models are trained to digest vast volumes of data , extrapolating relevant portions with the ability to make intelligent decisions . Although AI sounds like something out of a sci-fi novel , it is real technology with a host of direct application opportunities for today ’ s user . In fact , you probably already interact with some form of AI on a daily basis . From smartphones to chatbots , AI is operational in a host of settings , but its use is going to increase exponentially this year .
ChatGPT is the current AI forerunner capturing massive attention since its launch in November 2022 . ChatGPT ( Chat Generative Pre-trained Transformer ) is owned by OpenAI , but Microsoft provides the cloud-computing back end . To solidify its presence and capitalize on its relationship with Chat GPT , Microsoft has invested over $ 10 billion dollars in the platform . And no wonder , since users are flocking to ChatGPT in record breaking numbers , with over a hundred million users since November . No other app in history has reached this benchmark in such a short period of