Binance Founder Advocates AI for Simplifying Legal Systems

Changpeng Zhao, the founder and former CEO of Binance, has advocated for the use of artificial intelligence (AI) to simplify legal systems around the world. In a post on X, Zhao suggested that tools like large language models (LLMs) could make laws more straightforward and accessible to ordinary citizens. He pointed out that many countries have accumulated layers of complex and often conflicting laws over time, shaped through patchwork amendments by legal professionals. This has resulted in legal systems that are difficult for non-lawyers to understand, making it hard for people to know their rights and duties.

Zhao believes that AI, particularly LLMs like ChatGPT, can help address this issue. These advanced AI systems can be trained on extensive legal texts to read, analyze, and rewrite dense legal documents into simpler formats. This capability could help detect inconsistencies, streamline clauses, and interpret technical language, making the law more accessible to everyday users. Zhao envisions a future where AI could support a wide range of legal activities, from drafting contracts to interpreting regulations, allowing legal professionals to focus on more complex and high-value tasks.

However, Zhao clarified that AI should not replace human lawyers. Instead, he sees AI as a helpful tool that can handle basic and repetitive tasks, freeing up legal professionals to focus on more difficult cases and legal problems. Despite the potential benefits, experts have warned that current AI models are not perfect. They can still make mistakes or give wrong answers, sometimes presenting false information in a way that sounds correct. This highlights the need for legal professionals to check the work done by AI, provide context, and make final decisions. Additionally, experts have warned about the alarming rise in the use of AI to commit fraud globally, underscoring the need for careful and responsible AI adoption.

Zhao's proposal highlights the potential for AI to revolutionize legal systems, making them more efficient and accessible to the general public. However, it also underscores the need for careful integration and the continued role of legal professionals in ensuring the accuracy and context of legal information provided by AI.