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ChatGPT & Generative AI: Everything You Need to Know
Corporate legal departments are increasingly receiving requests from business clients to use ChatGPT or similar AI-powered tools in their operations. These requests can be urgent, with business clients demanding enablement from legal. This article is in two parts: Part One briefly details what "generative AI" tools like ChatGPT are and provides an overview of key legal considerations, including by looking forward to upcoming AI-specific legislation in the EU and the U.S.; and Part Two, coming next month, will outline potential ways for corporate counsel to think about enabling engagement with this new technology.
What is 'Generative AI'?
ChatGPT is one of a suite of AI-powered technologies that is being dubbed "generative AI." These are tools that can take a prompt or query from a user (the "input") and respond to it with a type of "output" that resembles what a human would create. These tools are referred to as "generative" because they do not rely on a database of preformulated answers or responses that they can retrieve to address user input. Instead, they have been trained to "recognize" a user's input and to "generate" a response entirely on their own.
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