Generative AI in the legal industry is improving with guardrails and procedures but isn't set to replace human capability entirely, instead providing valuable support like summarizing and drafting.
Goldman Sachs' report suggests that the development costs of Generative AI may outweigh future revenue opportunities, potentially capping the technology's applications to specific tasks without significant growth potential.
#generative-ai #legal-industry #technology-advancement #cost-benefit-analysis #human-machine-collaboration
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