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LLRX September 2023 Issue
Articles and Columns for September 2023 Adding a ‘Group Advisory Layer’ to Your Use of Generative AI Tools Through Structured Prompting: The G-A-L Method – The emergence of Large Language Models (LLMs) in legal research signifies a transformative shift – Dennis Kennedy asks us to Imagine a world where expert advice is at your fingertips, instantly …
AI in Banking and Finance, September 30, 2023
This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: European Central Bank Is Experimenting With a New Tool: A.I.; UM expert testifies on the dangers of AI in banking; 80% of Large Enterprise Finance Teams Will Use Internal AI Platforms by 2026.; and Five Use Cases for CFOs with Generative AI. Q&A with Alex Bant.
The Generations War comes to the law firm
The Greek philosopher Heraclitus taught “Change is the only constant in Life.” It is not rhetorical to state that we are living in a time of seismic change. Jordan Furlong frames the challenges and opportunities as It’s not about who’s right, Boomers or Millennials. It’s about the most profound change to the fabric of the legal profession in 40 years, and how we’re going to get through it.
Pete Recommends – Weekly highlights on cyber security issues, September 16, 2023
Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Appeals Court Upholds Public.Resource.Org’s Right to Post Public Laws and Regulations Online; Hackers Are Salivating Over Electric Cars; and How Google Assistant and Amazon Alexa Target You With Ads.
AI in Banking and Finance, September 15, 2023
This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: Generative Artificial Intelligence in Finance: Risk Considerations; Banks hear the eerie echoes of AI-generated voices; I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion; and Blockchain, AI Set to Transform Financial Markets: Moody’s.
The Case For Large Language Model Optimism in Legal Research From A Law & Technology Librarian
The emergence of Large Language Models (LLMs) in legal research signifies a transformative shift. This article by Sean Harrington critically evaluates the advent and fine-tuning of Law-Specific LLMs, such as those offered by Casetext, Westlaw, and Lexis. Unlike generalized models, these specialized LLMs draw from databases enriched with authoritative legal resources, ensuring accuracy and relevance. Harrington highlights the importance of advanced prompting techniques and the innovative utilization of embeddings and vector databases, which enable semantic searching, a critical aspect in retrieving nuanced legal information. Furthermore, the article addresses the ‘Black Box Problem’ and explores remedies for transparency. It also discusses the potential of crowdsourcing secondary materials as a means to democratize legal knowledge. In conclusion, this article emphasizes that Law-Specific LLMs, with proper development and ethical considerations, can revolutionize legal research and practice, while calling for active engagement from the legal community in shaping this emerging technology.
AI in Finance and Banking – August 30, 2023
This semi-monthly column by Sabrina I. Pacifici highlights news, government reports and industry white papers as well as academic papers on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Each entry includes the publication name, date published, article title and abstract. Four highlights from this week: Are Large Language Models Finance’s Second Shot At AI?; Convergence of AI and blockchain: Unlocking new possibilities; Generative AI in Operational Risk Management: and Generative AI in Operational Risk Management: Harnessing the Future of Finance.
Pete Recommends – Weekly highlights on cyber security issues, August 26, 2023
Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Potential New York Times lawsuit could force OpenAI to wipe ChatGPT and start over; Health Data Breach Lawsuits Surge as Cyberattacks Keep Climbing; Biden administration unveils new crypto tax reporting rules; and Imposter scams are the top U.S. fraud.
Design Your Law Practice
Jerry Lawson recommends the new book, Design Your Law Practice: Using Design Thinking To Get Next Level Results, to any law firm or lawyer interested in innovation that will make their practice more profitable and attract more clients.
How to Quickly Get to the Important Truth Inside Any Privacy Policy
Investigative data journalist Jon Keegan and former tech lawyer Linda Woods Hyman teach you how to spot tricks and hidden disclosures within these interminable documents—and even how to claw back some privacy.
Can you trust AI? Here’s why you shouldn’t
Security expert Bruce Schneier and data scientist Nathan Sanders believe that people who come to rely on AIs will have to trust them implicitly to navigate daily life. That means they will need to be sure the AIs aren’t secretly working for someone else. Across the internet, devices and services that seem to work for you already secretly work against you. Smart TVs spy on you. Phone apps collect and sell your data. Many apps and websites manipulate you through dark patterns, design elements that deliberately mislead, coerce or deceive website visitors. This is surveillance capitalism, and AI is shaping up to be part of it.
Pete Recommends – Weekly highlights on cyber security issues, August 19, 2023
Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: National Archives will make its AI use case inventory public; Data Breaches and Lawyers: Highlights from IBM’s 2023 Report; Microsoft limits use of AI Services in upcoming Services Agreement update; and Two Women Accuse Tile of Marketing Its Devices as Stalking Aids.
Pete Recommends – Weekly highlights on cyber security issues, August 12, 2023
Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Zoom Contradicts Its Own Policy About Training AI On Your Data; ‘Hypnotized’ ChatGPT, Bard Generate Malicious Code, Bad Advice; SEC charges big banks with doing business through messaging apps without keeping records; and White House announces cybersecurity plan to protect nation’s public schools.
FTC probe of OpenAI: Consumer protection is the opening salvo of US AI regulation
As a researcher of social media and AI, Prof. Anjana Susarla recognizes the immensely transformative potential of generative AI models, but believes that these systems pose risks. In particular, in the context of consumer protection, these models can produce errors, exhibit biases and violate personal data privacy.
Law Unlimited: Welcome to the re-envisioned legal profession
Will Generative AI destroy law firms? Jordan Furlong argues this may only occur if lawyers are too fixed in their ways to see the possibilities that lie beyond who we’ve always been and what we’ve always done.
LLRX June 2023 Issue
Articles and Columns for June 2023 Brevity is the Soul of Profit: What Lawyers Need to Know About Executive Summaries – Elizabeth Southerland writes that Jerry Lawson’s essay Plain English for Lawyers: The Way to a C-Level Executive’s Heart has some good ideas about the best ways to communicate with senior executives. However, there is …
Pete Recommends – Weekly highlights on cyber security issues, June 30, 2023
Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Amazon delays virtual care service’s unveiling after senators raised privacy concern; FBI launches national ‘swatting’ database amid rising incidents; How Do Some Companies Get Compromised Again and Again?; and Does ChatGPT Save My Data? OpenAI’s Privacy Policy Explained.
Brevity is the Soul of Profit: What Lawyers Need to Know About Executive Summaries
Elizabeth Southerland writes that Jerry Lawson’s essay Plain English for Lawyers: The Way to a C-Level Executive’s Heart has some good ideas about the best ways to communicate with senior executives. However, there is a key imperative that is not addressed: The purpose of an executive summary is to boil this down to a few sentences that tell the leader what they want to know.