Josef, the Australia-based no-code automation platform for authorized professionals, is subsequent week launching the beta model of a brand new product, Josef Q, that makes use of superior AI to remodel insurance policies and rules — corresponding to these pertaining to privateness, knowledge safety, HR and procurement — into digital Q&A instruments.
For companies, the device will enable workers on company groups corresponding to authorized, compliance, data safety, and HR to ship on the spot solutions about insurance policies and different advanced content material, Josef says. It doubtlessly has purposes elsewhere, together with for regulation corporations.
“This can be a high-tech data administration device that dramatically reduces the time spent answering FAQs for professionals who ought to be – and need to be – spending their time on larger worth work,” stated Tom Dreyfus, CEO and cofounder of Josef.
The corporate says that Josef Q is powered by Open AI’s “most superior giant language mannequin.” This will likely imply the subsequent model of GPT, GPT-4, which is rumored to be popping out this week.
Josef will launch a free beta model of the device on the Legalweek convention in New York subsequent week, in order that anybody can strive it out. You possibly can signal as much as be a part of the waitlist on Josef’s website (no matter whether or not you intend to attend the convention).
Dreyfus stated the corporate thought of it essential to launch the device to the general public totally free.
“Josef’s mission is to make authorized companies extra accessible, and so it makes good sense for us to do the identical with our know-how,” he stated. “… The extra open, clear and collaborative we might be as a group, the higher positioned we’re to vary the way in which authorized work is finished for the higher.”
Josef Q makes use of OpenAI’s most superior giant language mannequin, with efficiency enhanced by human-in-the-loop coaching and moderation. With this method, the corporate says, subject material specialists can shortly and effectively practice their instruments to offer extremely correct solutions a couple of outlined content material set, corresponding to privateness, knowledge safety, HR and procurement insurance policies.
Whereas compliance professionals are involved in regards to the means for instruments like GPT 3.5 to ship correct outcomes, Josef Q’s curated data base adjustments the equation, the corporate says.
I’ve not but seen Josef Q, however the firm says it may be tailor-made to the precise wants of every enterprise, with a view to present the fitting reply to the
proper individual once they want it.
The device additionally creates a paper path that can be utilized to trace, report on, and show compliance. And in contrast to different data administration and FAQ instruments, which require time, effort, and talent to construct manually, Josef Q speeds the method utilizing AI. Customers merely add insurance policies, processes or rules, practice it with a handful of questions, and launch in minutes.
In its press launch saying the launch, Josef quoted Mel Scott, senior authorized counsel at Megaport and host of the podcast Counsel, who stated that, when he first noticed Josef Q, it was an “a-ha second.”
“Purposes are far-reaching and extremely thrilling, Scott stated. “In-house groups will have the ability to synthesize giant quantities of knowledge to assist them ship correct recommendation again to their enterprise colleagues on just about any matter. It represents a revolution and it’ll change the sport.”
Colin McCarthy, founder and CEO of Authorized Operators, stated that not often has he seen a device that is very easy to arrange and generate the sorts of solutions that Josef Q does.
“You possibly can add a coverage, practice or untrain questions inside minutes, and go dwell to your organization the identical day with extraordinary ranges of accuracy,” McCarthy stated. “The pace of adoption is astounding. These workflow capabilities with AI can be utilized for in-house, regulation corporations, schooling, or small apply. That is sport altering!”
Final November, Josef raised AU$5.2 million, or roughly $3.5 million in U.S. {dollars}, on prime of a previous raise of $2.5 million in 2021 and a seed spherical of $1 million in 2019.