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Artificial intelligence negotiated contract details without human intervention for the first time

  • November 7, 2023
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In London, the ability of an AI to contract autonomously with another AI without human intervention was presented. CNBC reports this, according to Ukrinform. British firm Luminance has

Artificial intelligence negotiated contract details without human intervention for the first time

Artificial intelligence negotiated contract details without human intervention for the first time

In London, the ability of an AI to contract autonomously with another AI without human intervention was presented.

CNBC reports this, according to Ukrinform.

British firm Luminance has developed an artificial intelligence system based on its large language model (LLM) to automatically analyze and modify contracts.

LLM is a type of artificial intelligence algorithm that can perform general-purpose language processing and generation.

At Luminance’s headquarters in London, the company demonstrated how its Autopilot AI system negotiated a confidentiality agreement in minutes.

“From opening a contract in Word to agreeing to terms and sending it to the DocuSign web service, it’s just AI negotiating with AI,” said Luminance General Manager Jaeger Glyusina.

He added that Autopilot “leads lawyers through day-to-day negotiations, freeing them from their work so they can use their creativity.”

As reported by Ukrinform, the company OpenAI announced that it has created a service that allows you to customize individual versions of your ChatGPT online chatbot and share them on the Internet.

Source: Ukrinform

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