On June 28, the EU Commission has proposed two key upgrades for e-money institutions (incl. regulated stablecoin issuers) in its payment services review:
1. Direct access to CB payment systems
2. The possibility to safeguard funds with the CB
ec.europa.eu/commission/pre…
In my survey about Copilot and ChatGPT, the most frequent comment / "wish" mentioned is to have an "enterprise" Copilot / ChatGPT that is internal to a company does not "leak" code outside (eg to MS or OpenAI), and is trained on the company code & docs.
Who is building this?
Legal professionals can't afford to use generative AI tools that hallucinate or neglect to cite sources. That's why we created Jurintel. Whether it's public or proprietary data, jurintel.com is your legal research partner! #legaltech
@colinlachance The urgency still doesn’t seem to be there with most. With Jurintel.com we reached out to firms for pilots a few weeks ago and got a very low response rate. In the end we managed and are happy with the direction taken, but baffled by lack of interest of some firms..
🧵(reproduced from my LinkedIn)
ChatGPT shook up the law firm world like no tech before it. Still early days, but for the first time, law firms are faced with the prospect of a penalty (a potentially existential one) for late adoption of technology. What is your firm doing to…
Request for product: an AI extension that scans legal contracts and summarizes them in plain terms.
Bonus would be to highlight clauses that are uncommon that perhaps extra attention should be paid to.
I sign way too many contracts with no flipping clue what I'm signing away.
@JonahPerlin We’re building a ChatGPT-like research tool that will cite the sources used to come up with the answer (jurintel.com). Out soon in Europe and looking for partners in the US.
Lots to think about when it comes to AI/ChatGPT for lawyers but one thing that keeps popping into my mind is the importance of "authority."
Many things will become easier but sources of authority (when ChatGPT can just make it up) will become more important than ever.
GPT Chat just completed a few company SOP’s for us in seconds. Now, we’ll see what happens when we ask it to re-write our contracts to make them more user friendly. I’ll keep you posted.
@allen_rodriguez You need to flex your mental muscles a bit, but just like Googling stuff now, we’ll get used to it. Jurintel will also cite sources, which is still essential in the legal industry! Let’s chat if you’re interested to learn more 💬
@StephaanCl Very interesting! Experimenting more and more with tools like this I am finding that they don't work very well unless you ask the AI the right question. These new tools are requiring new skills #legalpromptengineer. Is that saving us time? Maybe, if you take the time to learn it
👋 #lawtwitter what influential people both inside or outside of the legal industry have you heard predict that #ChatGPT is going to have a massive impact on legal? 👇👇👇
A friend (who retired as COO of the law dept of a very lg global bank) is looking to do more legaltech angel investments. Anyone have good ideas on how he can get more dealflow to look at?