GPT and Generative AI: How it works, the risks and how it impacts the legal profession and legal services?

  2023 appears to be well and truly the year of AI. Ever since the release and world-wide attention of ChatGPT by OpenAI in late in 2022, followed recently with the release of GPT-4, it seems there is a new release or a new revelation on a daily basis about the way in which these Generative AI tools appear to be able to do with ease, tasks that have previously been very labour intensive and manual. Regardless of how far we will be able to utilise these tools and integrate them into the corporate workplace, clearly the advent of AI systems being able to generate text with little or no effort or cost, is the precipice of significant change. The purpose of this article is to provide some insights into these tools, and some considerations in how they could be used, and some tips for crafting prompts and using LLMs. […]