Contract lifecycle management (CLM) provider Ironclad announced on Thursday the beta launch of Ironclad Contract AI (CAI), a generative AI-powered solution that works across Ironclad's contract database.

Along with CAI, Ironclad also announced the launch of Rivet, which is the infrastructure that explains the reasoning behind CAI's outputs. The company will be offering Rivet as an open source product to the public.

Co-founder and chief architect of Ironclad Cai GoGwilt and chief community officer of Ironclad Mary O'Carroll told Legaltech News that CAI, in many ways, is similar to an intern who helps with contract analysis.