Should we enforce regulations for AI in LegalTech?

Lucy Miller
2 replies
With the rise of LLMs, there is a surge in LegalTech companies starting to integrate LLM enabled features to their existing products. While this enables them to go the extra mile, this also results in hallucination being present in the results.

Replies

Bryden Ellington
Regulations for AI in LegalTech are essential to ensure accuracy and reliability, especially when integrating LLMs. Striking a balance between innovation and accountability is crucial to maintain trust in legal AI systems.
Michael Moore
Absolutely, enforcing regulations for AI in LegalTech, just like in the realm of AML compliance, is essential. It guarantees the responsible use of technology, protects sensitive data, and maintains the integrity of our legal systems.