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Template:M intro technology Better call ChatGPT: Difference between revisions
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This is the lesson of the sorcerer’s apprentice. | This is the lesson of the sorcerer’s apprentice. | ||
But, as Radiant’s [[Sign Here|Alex Hamilton]] remarked to me, the converse is also true. An LLM may pick up and flag for routine non-compliance a clause which, in the context, should sound a deeper alarm. A hedge fund customer who cuts back or | But, as Radiant’s [[Sign Here|Alex Hamilton]] remarked to me, the converse is also true. An LLM may pick up and flag for routine non-compliance a clause which, in the context, should sound a deeper alarm. A hedge fund customer who cuts back or wordsmiths a standard [[market abuse]] representation ''[i.e., that it will never place an order when in possession of non-public price-sensitive information]'' because that ''is'' a [[bright line]] and a willingness even to approach it should be setting off klaxons across the organisation. | ||
Lost in the dreary output of a poetry-judging machine, the warning might go unheeded. | |||
====The oblique purposes of formal contracts==== | ====The oblique purposes of formal contracts==== | ||
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A basic example: {{plainlink|https://www.handbook.fca.org.uk/handbook/COBS/8A/1.html|European financial services regulations}} require institutions to have written contracts with all customers, as a regulatory end in itself. The rules are less prescriptive about what the contracts should ''say''. | A basic example: {{plainlink|https://www.handbook.fca.org.uk/handbook/COBS/8A/1.html|European financial services regulations}} require institutions to have written contracts with all customers, as a regulatory end in itself. The rules are less prescriptive about what the contracts should ''say''. | ||
A firm must, therefore, have a written contract to do business. To meet that end, ''any'' delay in finalising that contract, in the name of “getting it right”, ought to be a source of regret. (You might be surprised how often financial firms are obliged to negotiate their [[terms of business]], in that it is not “never”.) | A firm must, therefore, have a written contract, just to do business. | ||
To meet that end, ''any'' delay in finalising that contract, in the name of “getting it right”, ought to be a source of regret. (You might be surprised how often financial firms are obliged to negotiate their [[terms of business]], in that it is not “never”.) | |||
Other contracts act as a sort of mating ritual: a performative ululation of customary cultural verities signalling that yes, we care about the same things you do, are of the right stuff, the same mind and our “ad idems” are capable of consensus. Again, it matters less what the contract says than that it is ''there''. It is a commitment signal. | Other contracts act as a sort of mating ritual: a performative ululation of customary cultural verities signalling that yes, we care about the same things you do, are of the right stuff, the same mind and our “ad idems” are capable of consensus. Again, it matters less what the contract says than that it is ''there''. It is a commitment signal. | ||
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If it is that — most [[NDA]]s are that — then descending into an LLM-level of subterranean pedantry and exactitude, in the service of “picking up things that even a gun [[paralegal]] might not”, is a rum plan. The point is to carry out the ritual, afford it the minimum required pleasantries, but not to ''labour'' them. | If it is that — most [[NDA]]s are that — then descending into an LLM-level of subterranean pedantry and exactitude, in the service of “picking up things that even a gun [[paralegal]] might not”, is a rum plan. The point is to carry out the ritual, afford it the minimum required pleasantries, but not to ''labour'' them. | ||
====Volume contracts==== | ====Volume contracts==== | ||
{{drop|T|hose exceptions aside}}, where high-volume, low-risk legal processes do not function as courting rituals, the name of the game is not ''perfect'' negotiation, but ''no'' negotiation. This is a crucial distinction: negotiation does not fix the problem: it ''is'' the problem. | {{drop|T|hose exceptions aside}}, where high-volume, low-risk legal processes do not function as courting rituals, the name of the game is not ''perfect'' negotiation, but ''no'' negotiation. | ||
This is a crucial distinction: negotiation does not fix the problem: it ''is'' the problem. | |||
If your customers regularly negotiate your [[terms of business]], or you get regular snarl-ups on procurement, ''you have bad forms''. ''Fix'' them. | If your customers regularly negotiate your [[terms of business]], or you get regular snarl-ups on procurement, ''you have bad forms''. ''Fix'' them. | ||