Demystifying GPT and AI for lawyers with Mary O’Carroll and Cai GoGwilt

Interest in artificial intelligence has skyrocketed in the past few months thanks to rapid advances in the GPT language model and, equally importantly, many vendors incorporating the model into their products and services. But what does this mean for the legal industry, both now and in the future? To answer this question we invited Mary O’Carroll and Cai GoGwilt onto the podcast. Mary is currently Chief Community Officer with Ironclad, a US-based contract lifecycle management vendor, as well as the immediate past president of the Corporate Legal Operations Consortium and the former Director of Legal Operations at Google. Cai is a co-founder of Ironclad, its current Chief Technology Officer and formerly a software engineer with a data analytics software provider. Having both Mary and Cai on the show enabled a rich conversation about GPT and the legal industry, both from a technology perspective and a commercial perspective. Here is a taste of the topics we covered: * What actually is GPT? * What does GPT offer in the digital contracting space? * What is it good at and what are its limitations? * Is the current hype justified? * What does this mean for lawyers and legal work? * Are there any risks and, if so, how can they be managed? * What does the future hold for GPT and the legal industry? By the way, our conversation with Mary and Cai was recorded on 2 March 2023. We think it's important to provide a timestamp, given the rapid rate of developments in this space. LINKS Mary O'Carroll on Linkedin: https://www.linkedin.com/in/maryshenocarroll Cai GoGwilt on LinkedIn: https://www.linkedin.com/in/cai-gogwilt-77b18a22