In the M&A-Law world, I am facing a major challenge:
Clients, buyers, sellers, and even opposing counsel are taking advice from AI Systems.
Last week, a client sent an LOI that was exceedingly standard and a very favorable offer for the seller. The seller ran it through ChatGPT, and it told the seller that it was a bad deal, including that the seller should not agree to a non-compete (very standard).
The seller sent an email with all of the ChatGPT-flagged issues list and terminated discussions.
It is not just sellers, but my clients are sending me AI-generated lists, and I have to try to convince them that AI is off-base (or lacking nuance) and that my opinion is right. I find myself defending myself from their AI tools.
AI (in its current form) is like a person you meet at a dinner party who talks loudly and confidently, but upon scrutiny lacks nuance or strategic understanding.
This results in bad outcomes for many people, including the seller who rejected a great LOI offer.
AI can be a great tool for people who already know a lot about a topic, but very damaging to people who use it for something they do not know about.
It is also eating up a lot of legal time to run through issues lists, which are quickly written by low-cost AI.
Seth Meyers reminds us how batshit crazy the last 3 weeks have been: Trump fired AG Pam Bondi. He posted a meme of himself as Jesus then said he thought it was a meme of himself as a doctor. He said the Pope is weak on crime. A MAGA podcaster said Trump is under demonic influence. Pete Hegseth read a fake bible verse from Pulp Fiction. Kash Patel thought he was fired because he got locked out of his computer. A FEMA official claims he once teleported to a Waffle House. Lindsey Graham was seen at Disney World by himself. RFK Jr. cut off a dead raccoon’s penis on the side of the road. Kristi Noem’s husband has giant fake balloon boobs.
Idée visionnaire d’Emmanuel Macron :
"Dans le monde d’aujourd’hui, je discerne une troisième voie.
Une voie qui réunit la Corée, l’Europe, le Canada, le Japon, l’Inde, le Brésil et l’Australie.
Il s’agit d’un format pour les pays qui ne souhaitent ni dépendre de la Chine ni se ranger automatiquement aux côtés des États-Unis.
Il s’agit de souveraineté, et non de soumission. "