Ironclad, a company that helps businesses manage contracts, has started using OpenAI's GPT-4 language model to streamline its contract review process. This means that lawyers and other reviewers can rely on AI to identify issues and suggest changes, freeing up human time for more complex tasks. The use of GPT-4 is claimed to reduce the time spent reviewing contracts by 80%, although this figure has not been independently verified. --- Why it matters: This development matters to researchers in AI because it showcases a real-world application of large language models like GPT-4, and highlights their potential for automating repetitive tasks. It also raises questions about the role of human reviewers and the accuracy of AI-generated suggestions. Source: https://openai.com/index/ironclad