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AI Discussion with ChatGPT – Part 2

HISTORY OF AI SERIES INTRODUCTION ARTICLE INTRODUCTION One of the most important limitations of ChatGPT Version 4.0 is time specific. As highlighted in the Introductory article to this AI series, ChatGPT’s most recent general update (as of December 2023) occurred in April 2023. Much of “Modern AI’s” most important “history”, however, has occurred more recently...

AI Discussion with ChatGPT – Part 1

AI Vocabulary and Definition INTRODUCTION  THIS ARTICLE ADDRESSES Basic AI vocabulary plus definitions for Artificial Intelligence (AI) Artificial General Intelligence (AGI) Generative AI Neural Networks Generative Pre-trained Transformer (GPT) Generative-AI chatbots Prompt Engineering Effective Altruism Identify basic vocabulary for understanding Artificial Intelligence (AI). Understanding Artificial Intelligence (AI) requires familiarity with a basic set of terms...

AI Discussion with ChatGPT – Introduction

A forthcoming 7-part series of articles about Artificial Intelligence (AI) began as a personal educational exercise with three primary objectives. First, to expand this writer’s general knowledge of AI beyond: 1) AI-related articles in news publications like the New York Times and Wall Street Journal: 2) more in-depth AI coverage and analysis in newsletters such...

Structured Settlements and Periodic Payment Judgments – Release 74

First published in 1986, Release 74 for “Structured Settlements and Periodic Payment Judgments”  will be made available to subscribers this month by publisher Law Journal Press. Online subscribers will receive their update simultaneously with no additional subscription charge. “Structured Settlements and Periodic Payment Judgments” (herein sometimes referred to as “the book”) consists of 16 chapters...

The Cordero Case – Part 3

Introduction Stephen Harris, who represented defendant Transamerica in the Cordero case, and prominent plaintiff attorney Edward Stone debated the Cordero case during the Society of Settlement Planners (SSP) Annual Conference on March 6, 2023 in Nashville. Their informative and entertaining Nashville presentation occurred prior to more recent decisions by the State of New York Court...

Structured Settlements and the “Best Interest” Standard

Should structured settlement and settlement planning professionals be required to act, or hold themselves accountable to act, in the “best interest” of a personal injury settlement recipient when making a structured settlement recommendation? And what would, or should, define “best interest” in that context? Best Interest Applied to Secondary Market Transfers “Best interest” is a...