AI in the Legal and Insurance Industries | LegalMation's Hans-Martin Will | Artificial Intelligence Podcast

In this episode of the AI For All Podcast, Hans-Martin Will, Chief AI Officer at LegalMation, joins Ryan Chacon and Neil Sahota to discuss the impact of AI on traditional industries like legal and insurance. They discuss the role of a Chief AI Officer and its growing demand, the concept of hybrid intelligence, and the potential risks and challenges involved in adopting AI technologies, focusing on transparency, explainability, and legal implications. Hans-Martin Will is a seasoned technologist and product leader with two decades of experience working at the intersection of applied research and product innovation. His expertise primarily centers on the development of data platforms, distributed systems, spatial computing, and the application of AI and ML across various domains, including enterprise business applications, language technology, and life sciences. He has led key initiatives at industry leaders like Amazon, Microsoft, and SAP, as well as product innovation in nimble start-up settings. Hans-Martin holds a PhD in Computer Science from ETH Zurich, Switzerland. LegalMation leverages the latest artificial intelligence systems (including large language models such as GPT-4) to help law firms drive efficiency with straightforward and easily deployed solutions with a focus on litigation and dispute resolution workflows. Discover more about AI at https://ai-forall.com More about LegalMation: https://www.legalmation.com Connect with Hans-Martin: https://www.linkedin.com/in/hmwill/ (00:00) Intro (00:26) Hans-Martin Will and LegalMation (02:06) What is a Chief AI Officer? (04:49) AI in the legal and insurance industries (11:04) Challenges and hesitations in AI adoption (13:15) Example of AI in legal work (18:49) AI hallucinations (22:08) How will AI evolve beyond LLMs? (25:33) Benefits and drawbacks of AI integration (27:54) Will there be AI robot lawyers? (29:09) Learn more and follow up SUBSCRIBE TO THE CHANNEL: https://bit.ly/43dYQV9 Listen to the Podcast: https://bit.ly/45rewGf Join Our Newsletter: https://newsletter.ai-forall.com Follow Us on Social: https://linktr.ee/aiforallofficial