In a world first, artificial intelligence demonstrated the ability to negotiate a contract autonomously with another artificial intelligence without any human involvement.
British AI firm Luminance developed an AI system based on its own proprietary large language model (LLM) to automatically analyze and make changes to contracts.
LLMs are a type of AI algorithm that can achieve general-purpose language processing and generation.
"This is just AI negotiating with AI, right from opening a contract in Word all the way through to negotiating terms and then sending it to DocuSign," she told CNBC in an interview.
Clauses were analyzed, changes were made, and the contract was finalized in a matter of minutes.
Persons:
Jaeger Glucina, that's, we've, Luminance's
Organizations:
CNBC
Locations:
British, Word