financetom
Technology
financetom
/
Technology
/
Meta joins hands with Indian institutes for AI-powered consumer law solutions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta joins hands with Indian institutes for AI-powered consumer law solutions
Nov 29, 2023 2:56 AM

Meta, on Tuesday, announced its support for a research project by the National Law School of India University (NLSIU), which will allow the integration of artificial intelligence (AI) in legal processes.

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

“The research initiative will explore the feasibility of leveraging Llama 2, Meta’s openly available large language model, in creating and evaluating a proof of concept of a citizen-centric chatbot and a decision-assist tool in the area of consumer law,” the company said in a statement.

The chatbot aims to guide consumers through the procedural aspects of drafting complaints, providing information about consumer law in India. Simultaneously, the decision-assist tool will support the search for case laws and summarisation of documents, offering assistance to judicial authorities dealing with consumer affairs.

Meta added that NLSIU and IIT Bombay will also release a white paper outlining the risk mitigation approaches employed and the deployment of responsible design principles at every layer of the stack.

“This project on consumer law aims to enhance awareness of consumer rights and to provide accessible assistance by leveraging Llama2. With our expertise in interdisciplinary research, NLSIU is uniquely positioned to help pioneer these legal applications employing large language models. We will create a rich corpus of Indian legal resources to map the landscape of consumer disputes in the country, and use this corpus to train the Llama model,” Professor Sudhir Krishnaswamy, Vice-Chancellor of the National Law School of India University, said at the launch event.

Rohit Kumar Singh, Secretary of the Department of Consumer Affairs, highlighted the government's commitment to creating a safe environment for consumers. “The launch of the research project is a step forward in our efforts to evaluate innovation solutions using generative AI for enhancing consumer rights and awareness, underpinning our efforts on consumer protection in India,” he said.

Joel Kaplan, Vice President, Global Policy at Meta, underscored Meta's commitment to exploratory research, open science, and collaboration with academic and industry partners, saying, “We’re excited to extend our support to NLSIU for its research initiatives building AI tools leveraging Llama 2. As more researchers, developers and startups build and experiment on our technology, the more we can learn about use cases, safe model deployment, and potential opportunities.”

Professor Pushpak Bhattacharyya from IIT Bombay, an expert in Natural Language Processing and Machine Learning, hailed LLMs, especially Meta's Llama 2, as a groundbreaking development in AI with immense potential for social benefit.

(Edited by : Amrita)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Unveiling 7 Analyst Insights On ARM Holdings
Unveiling 7 Analyst Insights On ARM Holdings
Nov 9, 2024
In the preceding three months, 7 analysts have released ratings for ARM Holdings ( ARM ) , presenting a wide array of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1...
DXC Technology sees Q3 results above estimates on cloud demand
DXC Technology sees Q3 results above estimates on cloud demand
Nov 9, 2024
Nov 7 (Reuters) - IT services company DXC Technology ( DXC ) forecast current-quarter revenue and profit above Wall Street estimates on Thursday, powered by steady enterprise spending on its cloud-based solutions amid the AI boom. DXC projected revenue in the range of $3.2 billion and $3.3 billion for the its fiscal third quarter, compared with analysts' average estimate of...
What Analysts Are Saying About Wolfspeed Stock
What Analysts Are Saying About Wolfspeed Stock
Nov 9, 2024
In the latest quarter, 16 analysts provided ratings for Wolfspeed ( WOLF ) , showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 2 8 2 0 Last...
Amazon mulls new multi-billion dollar investment in Anthropic, the Information reports
Amazon mulls new multi-billion dollar investment in Anthropic, the Information reports
Nov 9, 2024
Nov 7 (Reuters) - Amazon.com ( AMZN ) is in talks for its second multi-billion dollar investment in artificial intelligence startup Anthropic, the Information reported on Thursday, citing a person familiar with the matter. The cloud services giant announced an investment of $4 billion in the OpenAI rival in September last year, saying its customers would gain early access to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved