Credit: Lagunov/Adobe Stock The New Frontier: AI in Arbitral Decision Making
As AI technology evolves at a rapid pace, so do the opportunities that it will present to substitute human decision-making. As we approach this threshold, we must carefully consider and determine whether the lack of a human element in decision-making is acceptable to all those involved and whether AI might undermine trust in the process.
September 28, 2023 at 09:02 AM
6 minute read
It's a truism that arbitration is only as good as the arbitrator. But what if the arbitrator is artificial intelligence (AI)? AI and other cutting-edge technologies such as the AI-powered language model ChatGPT are reshaping every aspect of our lives—and arbitration is no exception.
AI has the potential to significantly reduce the time and costs of resolving a dispute. It is already being used to significantly enhance legal productivity: to help draft contracts, review and identify relevant documents in the discovery process, and conduct legal research.
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