Genie AI launches free AI authorized assistant 

Planning to shake up the authorized world, Genie AI has launched the primary model of its AI Authorized Assistant, which is free to make use of.

The AI product combines Chat GPT-4, Claude 2 and proprietary fashions to learn total authorized paperwork and reply questions customers may need.

Solutions are more and more tailor-made to the client, the enterprise and their authorized preferences because the mannequin learns to interpret context from previous conversations.

The launch of the product follows Genie AI’s award of a virtually £200K Innovate UK Grant for Authorized AI Innovation. Since receiving the grant, the corporate has seen spectacular progress, onboarding 13,000 firms to the platform.

Rachel Coles, a payroll supervisor and present person of Genie AI, is enthusiastic. “Genie’s AI authorized assistant is the right help for a authorized contract – I can ask for definitions on phrases I’m not sure of and really feel assured that my contract is dependable. It’s going to be so useful for firms like mine shifting ahead, ” she explains.

Coles’s sentiment types half of a bigger development within the authorized sector that’s hungry for legislation corporations to combine synthetic intelligence. In response to a 2023 survey from Thomson Reuters, 82% of legislation corporations imagine generative AI may be effectively utilized to authorized work.

The mannequin was developed utilizing intensive testing, related authorized and industrial context and person analytics to make sure customers obtain essentially the most correct responses.

How AI can reform the authorized sector

The launch of the AI authorized assistant is simply step one of a bigger, extra formidable venture for Genie AI.

CTO and Co-Founding father of Genie AI, Nitish Mutha, reveals, “This preliminary public launch of our AI Assistant showcases simply the chat infrastructure, however quickly customers received’t simply get solutions to questions, they’ll get an AI agent which instantly edits and updates their authorized paperwork.”

“Our objective is to create an AI authorized assistant which acts similar to a group member, however undertaking work at 100x the pace, whereas accessing a mass of information that nobody particular person (or legislation agency) alone may presumably maintain.”

In response to a LawBite and YouGov survey, SMEs encounter 8 authorized points per 12 months on common and 43% of authorized points value SMEs £5,000 or extra. Presently, they’re additionally dealing with a difficult financial local weather, post-Brexit legislation, and altering regulation surrounding the usage of AI in day-to-day enterprise, largely with out in-house authorized groups.

Funding just like the Innovate UK Grant that Genie AI acquired is essential to not solely equipping SMEs with the correct authorized instruments but additionally for reforming the authorized sector.

CEO and Co-Founding father of Genie AI, Rafie Faruq, emphasises, “It’s incredible to see the UK authorities funding superior AI tasks that may rework the outdated authorized sector. We imagine there might be an enormous latent marketplace for companies who’re ‘risking it’ after they don’t wish to pay authorized charges.”

Genie AI’s authorized assistant is at the moment in its beta kind and customers who utilise the free platform are inspired to supply suggestions to refine the product.