Ontra Integrates OpenAI's GPT-4 Into Ontra Synapse and Its Insight Platform
With this new integration, Ontra becomes the latest legal tech provider in the contract market to leverage OpenAI's GPT-4.
November 15, 2023 at 03:34 PM
2 minute read
On Wednesday, contract automation provider Ontra, formerly known as InCloudCounsel, announced that it has integrated OpenAI's most advanced large language model (LLM), GPT-4, into Ontra Synapse, the company's AI-engine. Ontra also added that GPT-4 will now power the company's Insight platform, which focuses on fundraising and side letter compliance.
In an email, Eric Hawkins, senior vice president of engineering at Ontra, told Legaltech News that Ontra Synapse "leverages both commercial and proprietary LLMs," and that while Insight was previously solely powered by "proprietary models," it is now using OpenAI's GPT-4 LLM for the first time. He added, "After evaluating many different commercial LLMs, we believe complementing Ontra's internal machine learning models with third-party models will enable us to provide customers with additional value and to do so faster."
For users of Ontra's Insight platform, the integration of OpenAI's LLM will bring some changes. Hawkins noted that "one immediate advantage of integrating GPT-4 is the ability to accelerate onboarding for new customers and new funds, by significantly decreasing the time required to summarize key terms and abstract obligations from large volumes of side letters and fund documents."
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