Changpeng Zhao, founder and former CEO of Binance, is urging governments across the country to explore the use of artificial intelligence models, particularly large-scale language models (LLMS) to simplify the legal system.
In a July 10th post on X, Zhao argued that AI can play an important role in making legal codes more understandable and accessible to everyday citizens.
He says many countries accumulate a complex and contradictory layer of law that legal experts often shape through patchwork modifications.
This makes the current legal system “massive, patched, added, and often intentionally complicated.”
Zhao pointed out that this made it almost impossible for non-counsel to fully understand their rights and obligations.
However, he believes this could change with the emergence of LLMS.
Large-scale language models are advanced AI systems like Openai’s ChatGpt, which can be trained on a wide range of legal texts. This allows these tools to read, analyze and rewrite dense legal documents into simplified formats.
As a result, these AIs may detect inconsistencies, streamline clauses, and interpret technical languages.
AI can’t replace lawyers
Despite his enthusiasm, Zhao has made it clear that AI should not be considered an alternative to human lawyers.
Instead, he positioned these techniques as assistants who could handle everyday tasks, freeing legal professionals to focus on more complex, high-stakes tasks.
According to him:
“There are currently 1,000 companies building spacecrafts could build couples. More drugs could be tested to cure cancer. Flying vehicles… They all require a huge amount of legal work.”
Meanwhile, market observers warned that they were flawed while LLM offers incredible utility.
Current iterations still face challenges such as hallucinations and circumstances when AI generates misinformation or misleading information. They argued that this reinforces the ongoing need for legal experts who can interpret, examine and contextualize the law.
It is mentioned in this article
