- Examines advents in disruptive generative AI that could provide solutions in legal practice.
- Explores ethical issues and matters pertaining to discrimination and bias, safeguarding, and mitigation.
- Notes the current position in relation to investment in disruptive generative AI.
The word ‘disruption’, in a technological sense, has become synonymous with the term ‘innovation’, and much of the technologically led disruptive innovation can be seen in the FinTech space. Advents in artificial intelligence (AI), machine learning (ML) and deep learning (DL) have been a tour de force in changing the way people consume services and products but also in how organisations do business and regulators regulate. There have been advances in the way that AI now performs complex, technical, and tedious or time-consuming tasks. Once again, the finance industry is leading the charge; it has been quietly developing the power of generative artificial intelligence (gen AI) as an operational tool. This ‘thing’ is very different—rather than classifying data or making predictions,
