The new AI reality: what's happening now and what's next?

Context

A year ago Orbital Witness held our annual event where I spoke about “Generative AI: Opportunities and risks for property transactions”. Earlier this month, we continued this tradition by hosting ‘The AI Edge: Real-world Lessons for Real Estate Lawyers’. Taking place at Google HQ, we brought together real estate partners from some of the leading law firms in the UK to share the latest developments in Generative AI and how it is currently revolutionising real estate legal.

I gave the keynote presentation which started by setting the scene for where we are on the innovation S-Curve. I then delved into a range of important aspects of Generative AI for real estate lawyers such as model intelligence, context window size, model cost & speed, proprietary vs open-weight models, AI Agents, multi-modality and use cases in real estate legal. During the discussion, I was also able to contextualise for the audience the trajectory of Orbital Copilot, our own AI legal assistant, as we continue to innovate the product and as Generative AI advances.

This visual sums up the incredible achievement of what’s now possible at the bleeding edge of Generative AI when combining large language models (LLMs) within an AI Agent framework and focusing on a specific practice area, real estate legal, in order to provide turnkey solutions to customers:

Presentation

Here is the full 40 minute video of the keynote:

Slide Deck

Here is the complete slide deck I presented for my keynote with references below:

• Slide 6: https://www.tooltester.com/en/blog/chatgpt-statistics
• Slide 11: https://www.ben-evans.com/presentations
• Slide 19: https://public.flourish.studio/visualisation/18163738
• Slide 24: https://www.linkedin.com/feed/update/urn:li:activity:7183400918934016001
• Slide 25: https://twitter.com/AIExplainedYT/status/1793561610730320338
• Slide 27: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4389233
• Slide 28: https://www.youtube.com/watch?v=PeSNEXKxarU
• Slide 29: https://mmmu-benchmark.github.io
• Slide 32: https://x.com/LibertyRPF/status/1658497036080017408
• Slide 42: https://www.linkedin.com/feed/update/urn:li:activity:7183501457684365314
• Slide 42: https://www.youtube.com/watch?v=DQacCB9tDaw
• Slide 44: https://preshing.com/20120208/a-look-back-at-single-threaded-cpu-performance
• Slide 47: https://ai.meta.com/blog/meta-llama-3
• Slide 48: https://x.com/maximelabonne/status/1790519226677026831
• Slide 52: https://tech.orbitalwitness.com/posts/2023-06-27-genai-opportunities-and-risks-for-property-transactions
• Slide 53: https://tech.orbitalwitness.com/posts/2024-01-10-we-built-an-ai-agent-that-thinks-like-a-real-estate-lawyer
• Slide 55: https://lilianweng.github.io/posts/2023-06-23-agent
• Slide 56: https://sierra.ai
• Slide 58: https://www.paulweiss.com/resources/podcasts/waking-up-with-ai/waking-up-with-ai-list/2024/april/ep-6-autonomous-ai-agents-are-a-hot-topic-for-2024
• Slide 69: https://www.ben-evans.com/benedictevans/2024/4/19/looking-for-ai-use-cases

Supporting law firms

Whether you’re already using a range of AI tools to impact the competitive ‘edge’ of your real estate team - or you’re just getting started - get in touch if you’d like to hear more about how Orbital Copilot can help you make use of the cutting edge capabilities provided by Generative AI.

We’re hiring

If you are interested in helping us solve some very hard problems in the legal space using Generative AI please see our open roles and get in touch with us via our Careers Page. If nothing quite matches your experience then still feel free to connect and message me, Andrew Thompson, directly on LinkedIn and I’d be happy to have a casual chat via video conference or over coffee ☕️.