AI fails in a warning for all advisers

by

Ed.

From www.smsfadviser.com: Generative artificial intelligence has faced scrutiny in legal contexts, particularly due to incidents where lawyers relied on AI-generated information that was inaccurate or fabricated, causing reputational harm and questioning the integrity of legal processes.

Recent court rulings require legal professionals to verify AI-generated submissions and ensure they meet ethical standards, as the misuse of AI could lead to significant sanctions.

A shift in judicial attitudes towards AI use was noted, with courts allowing some applications of AI with legal practitioners being responsible to validate any AI-aided outputs.

Filed under: Professional Practice, Tech

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