Attorney Steven Schwartz experienced first-hand the legal profession’s latest technology nightmare. Schwartz was forced to admit to a Manhattan federal court judge that several precedents cited in his lawsuit were, in fact, “hallucinations” created by ChatGPT.

Construction technology industry veterans in a virtual panel discussion on Tuesday said they were “cautiously optimistic” about large language models (LLM) such as ChatGPT and its potential for construction. Hosted by Atlanta-based Document Crunch, three self-described “technological evangelists” shared that generative artificial intelligence (AI) was still in its early stages.

AXA XL has partnered with Document Crunch to offer a Contract Review Benchmarking service for construction insurance clients in North America. According to AXA XL, this new service uses industry data on key contract terms to provide its construction insurance clients with best practices and benchmarking comparisons, supporting their risk management efforts to minimize contractual liability.