AI Makes Historic First: Negotiates Contract Without Human Involvement
British AI firm Luminance has developed an autonomous AI system called Autopilot that can negotiate contracts with another AI without human involvement. The AI, based on Luminance's proprietary large language model (LLM), can analyze and make changes to contracts, freeing up lawyers from routine paperwork. Autopilot operates independently but allows human review, and it keeps a log of all changes made. The software highlights contentious clauses, suggests suitable alternatives, and takes into account companies' negotiation preferences. Luminance's Autopilot aims to streamline contract negotiations and reduce the time spent by legal teams on routine documents.