Buchalter Law Firm Adds Wendy Lee and Establishes Fintech and AI Practice on Nostr: AI Efficiency Promises Excite Legal, Tax, and Audit Professionals =============== ...
AI Efficiency Promises Excite Legal, Tax, and Audit Professionals
===============
#62823b2a ver:0.28
Legal, tax, and audit professionals are excited about the efficiency promises of AI. Law firms like Buchalter and Travers Smith are establishing new AI practice groups to stay at the forefront of fintech and AI developments. Startups like LawPro.ai are securing funding to expand automation software for legal tasks. However, a study by Stanford and Yale universities found that AI legal research tools are unreliable and prone to "hallucinations." Siddharth Pai argues that generative AI output should be seen as a hallucination due to its probabilistic nature. Legal professionals face challenges in adopting AI, including technological barriers, ethical concerns, and evolving regulations. Thomson Reuters' report highlights that AI could save professionals 12 hours per week, but there is hesitation about allowing AI to represent clients in court or make final decisions. Certification processes and independent standards are preferred for responsible AI use. #AI #legaltech #fintech #automation #research #ethics...
#newstr #Ai #Efficiency #LegalProfessionals #TaxProfessionals #AuditProfessionals #ThomsonReuters
https://here.news/story/62823b2a?ver=0.28
===============
#62823b2a ver:0.28
Legal, tax, and audit professionals are excited about the efficiency promises of AI. Law firms like Buchalter and Travers Smith are establishing new AI practice groups to stay at the forefront of fintech and AI developments. Startups like LawPro.ai are securing funding to expand automation software for legal tasks. However, a study by Stanford and Yale universities found that AI legal research tools are unreliable and prone to "hallucinations." Siddharth Pai argues that generative AI output should be seen as a hallucination due to its probabilistic nature. Legal professionals face challenges in adopting AI, including technological barriers, ethical concerns, and evolving regulations. Thomson Reuters' report highlights that AI could save professionals 12 hours per week, but there is hesitation about allowing AI to represent clients in court or make final decisions. Certification processes and independent standards are preferred for responsible AI use. #AI #legaltech #fintech #automation #research #ethics...
#newstr #Ai #Efficiency #LegalProfessionals #TaxProfessionals #AuditProfessionals #ThomsonReuters
https://here.news/story/62823b2a?ver=0.28