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The Future of Work: How AI is Transforming the Legal Industry
The world of work is undergoing a dramatic transformation, and the legal industry is at the forefront of this change. In a recent talk at the Ray Summit 2024, Kevin Wheel, the Chief Product Officer at OpenAI, revealed a startling statistic that has the potential to reshape the legal landscape.
Wheel stated that ChatGPT, OpenAI's language model, can reduce an $88,000 legal task down to just $3 worth of API credits. This drop-dead statement, as the author calls it, is a clear indication of the power of AI and its potential to disrupt traditional industries.