As the world becomes increasingly interconnected and complex, dispute resolution has become essential for resolving conflicts between individuals, businesses, and governments and tools such as AI and ChatGPT should not be overlooked.
Arbitration, particularly online arbitration, has emerged as a popular alternative to litigation thanks to its speed, flexibility, and cost-effectiveness.
However, arbitrators must constantly evolve their techniques to stay ahead of the curve and meet the needs of a changing world.
In recent years, artificial intelligence (AI) has emerged as a powerful tool in many fields, including dispute resolution.
It’s too early for AI to make judicial determinations and decisions, but it’s not too early to have AI sort evidence and legal arguments.
We are a long way from AI replacing real judges with real-life experience and education, but it can be a helpful tool going forward to distil complex issues and to get to the crux of a dispute.
ChatGPT is one such AI tool that has taken the world by storm. From creating content plans to generating programming code, there seems to be no limit to GPT’s capabilities.
The Brief team has been following the evolution of GPT3 since it was still in Beta. Even then, the potential was great, but it was prone to producing garbage answers and making no sense whatsoever.
Fast forward to today, and there is a prototype of GPT4 already active, and early reports say it is way more powerful than the current mainstream offering.
GPT has been joined by Bing’s AI search engine and Google’s Bard, which has not yet lived up to expectations.
While ICT integration has led to advancements in the arbitration process, AI remains uncertain as a future solution for dispute resolution.
Artificial Intelligence in Modern Arbitration would involve algorithms, machine learning, cognitive computing, and natural language processing.
AI can potentially reduce the time and cost of resolving litigation and create incentives for early settlement.
However, its impact on decision-making and access to justice depend on factors such as transparency, control of arbitral data and algorithms, publication of awards, and confidentiality and personal data protection.
Although AI’s intervention in arbitration is feasible, its application and qualification require evaluation.
AI’s purpose in the arbitration process is to make it faster and more transparent, and it can manifest as support for procedural acts’ automation
Just like we explored in our blockchain and arbitration blog, we believe that we must always keep abreast of technological developments.
In this article, we will explore why arbitrators need to take notice of ChatGPT and how it can help them become more effective in resolving disputes.
Enhancing Efficiency
ChatGPT is an AI language model that can process natural language input and generate coherent and relevant responses.
In arbitration, this can be invaluable for saving time and increasing efficiency.
ChatGPT can assist arbitrators in reviewing case materials, drafting pleadings, and even conducting virtual hearings.
ChatGPT can help arbitrators resolve disputes more quickly and effectively by streamlining the arbitration process.
Improving Consistency
Arbitrators are human and prone to biases that can affect their decisions.
ChatGPT, on the other hand, is an objective tool that can provide consistent and unbiased responses.
Using ChatGPT can help arbitrators review evidence, and the bot’s impartiality can also help to evaluate arguments
Arbitrators can reduce the risk of making subjective decisions or subconsciously falling into an implicit bias trap that could undermine the integrity of the arbitration process.
Increasing Accessibility
ChatGPT can also increase accessibility to the arbitration process by making it more user-friendly.
For instance, ChatGPT can provide guidance and assistance to parties representing themselves or who may not have a deep understanding of legal concepts.
By providing clear and concise explanations, ChatGPT can help ensure that all parties have an equal opportunity to present their case.
Enabling Remote Arbitration
The COVID-19 pandemic has made remote arbitration a necessity rather than a luxury.
ChatGPT can enhance remote arbitration by providing a virtual environment replicating an in-person hearing experience.
ChatGPT can help ensure that remote hearings are as effective as in-person ones by facilitating virtual communication and collaboration.
Enhancing Accuracy
ChatGPT’s ability to process large amounts of data and quickly generate responses can enhance arbitration decisions’ accuracy.
For instance, ChatGPT can assist arbitrators in analyzing complex legal issues and identifying relevant case law.
By providing real-time feedback and analysis, ChatGPT can help arbitrators make more informed decisions based on the most up-to-date information.
ChatGPT is a tool that can assist human arbitrators in their decision-making. It is not designed to replace human arbitrators but rather to enhance their effectiveness.
The rise of artificial intelligence is transforming many industries and arbitration is no exception.
ChatGPT is an AI tool that may revolutionize the way arbitrators resolve disputes.
By enhancing efficiency, improving consistency, increasing accessibility, enabling remote arbitration, and enhancing accuracy, ChatGPT can make the arbitration process faster, fairer, and more effective.
Arbitrators must take notice of this game-changing technology and embrace it to enhance their effectiveness.
By doing so, they can ensure that the arbitration process remains relevant and effective in a rapidly changing world.
Can your business recover debt through Online Dispute Resolution?
Your business can recover debt without going to court. Brief has helped businesses across the United States recover debts that were simply not worth the cost of traditional litigation or arbitration if not for online dispute resolution.
Satisfied participants include electronic commerce sites, factors, banks, MCA, and other lenders.
Brief also handles quiet title, warranty claims and other declaratory relief actions as well as other types of monetary disputes.
Our screened network of Ejudges spreads across all 50 states and each case is matched to jurisdiction and subject matter expertise of the Ejudge.
You can request a demo from our homepage or call one of our arbitration consultants today on tel: +12134443794 Alternatively, drop us an email at [email protected] to book an obligation-free consultation.
Brief is a market-leading online arbitration platform in the United States. Our 100 percent online alternative dispute resolution platform helps businesses protect their contracts and agreements through online arbitration. Follow us on LinkedIn or Facebook for updates and news about online arbitration and more.
*Brief cannot and will not give legal advice on any matters and recommends that each party to a dispute seek its own independent legal advice
