Gen AI tools are revolutionizing the legal field, as Large Language Models (LLMs) improve drastically, creating new content in various forms like images,text, and audio. The technology driving these tools is advancing rapidly, with models like ChatGPT leading the way since its launch in November 2022.
While the size of LLMs like GPT-3 reached 175 billion parameters and potentially 170 trillion for GPT-4, the era of giant AI models is deemed over by OpenAI's Sam Altman. Despite early surprises and concerns in the legal sector, the advancements in LLM technology are steering Gen AI in a positive direction, minimizing the gap between private and open-source models and fostering innovation through a collaborative ecosystem.
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