There’s an artificial intelligence model trained on bankruptcy law

Take a bankruptcy self-filing quiz

If a debtor is considering filing for Chapter 7 bankruptcy, it may be tempting to take a do-it-yourself approach to avoid attorney or preparer fees. However, experts caution that this could come back to bite filers. A quiz can help would-be filers explore whether their cases are complex enough to necessitate a lawyer.

Brush up on your bankruptcy vocab

The technical term for what happens when a court removes a debtor’s obligation to repay money owed is “discharge.” An “automatic stay” is what goes into place once a filing occurs to prevent a debtor from facing lawsuits, evictions, and other negative consequences until the process wraps up.

LLMs are the backbone of AI tools that process and generate natural language

Large language models identify patterns in massive datasets of books, code, and unlabeled text from which to generate coherent responses. GPT-3 was trained on about 45 terabytes of data and uses 175 billion parameters—each parameter being a value the model adjusts as it learns.

How AI is revolutionizing banking

Generative artificial intelligence has left no industry untouched, and banking isn’t an exception. Experts estimate that gen AI could add as much as $340B in value to the banking sector each year. For consumers, this involves new features to prevent fraud and customer service chatbots. This report dives into the revolution underway and seeks to define a “full stack” AI bank of the future. Read more here.

Anthropic's interpretability team discusses how AI models' thinking mimics biology

Just as humans engage in complex behaviors to survive and reproduce, teams of experts in neuroscience, virology, mathematics, and other disciplines argue that large language models develop complex mechanisms to achieve their goals. These mechanisms can be manipulated to assess how they modify outputs—much like stimulating individual neurons—to uncover how LLMs "think."

Congress has the power to enact laws related to bankruptcy, thanks to the US Constitution

It has done just that since 1800. This legislation, which outlines the various types of bankruptcy filings, has evolved over time. The most recent iteration is the Bankruptcy Reform Act of 1978, which introduced Chapter 11 filings in an effort to make the process easier for businesses and individuals.

Every year, nearly 500,000 bankruptcies are filed in the US.

The do's and don'ts of using AI to manage your finances

Experts suggest avoiding asking AI for investment advice, but say it's useful for basic budgeting help. Read this article to learn more.

Transformer architecture can recognize and predict patterns in language

The underlying software powering text generation in AI tools associates each word or subword—called a token—with a set of values corresponding to how often it appears near other tokens. By recognizing these associations in prompts, the LLM can infer meaning.

Bankruptcy is a legal way to manage overwhelming debt, whether for individuals, corporations, or even local governments

Chapter 7 is for liquidating personal assets to clear debts, Chapter 13 allows a repayment plan for individuals, and Chapter 11 lets businesses reorganize to stay afloat.

Scientists increasingly can't predict what AI will do

Most AI systems are so-called "black box" models, where we only see inputs and outputs while the inner workings remain obscure. This piece, written prior to the launch of ChatGPT, cautions developers to know why and how a system produces its results, and not to sacrifice explainability for accuracy.

AI gained mainstream attention with tools like IBM Watson and Apple’s Siri

With the release of ChatGPT in 2022, which drew over 100 million weekly users in just two months, natural language processing and understanding could be achieved at scale via machine learning. Unlike earlier artificial intelligence that could pull stored knowledge, generative AI produces text, images, or sounds.

AI excels at assisting with structured tasks involving logistics and planning

Tools like ChatGPT, Gemini, and Perplexity can help organize chaotic calendars, troubleshoot bedtime routines, and assist with salary planning and moving. However, specific quotes, like insurance, and local cost comparisons can be flawed since AI draws from nonlocalized datasets.

Fair use may shield AI companies from potential copyright violations

AI models are trained on enormous datasets built from content scraped from websites across the internet. Copyright law includes a four-factor test to determine whether copies of content fall under fair use, but the law's enforcement has been inconsistent.

See the news with AI-generated data visualizations

Realtime uses generative AI to create immediate data visualizations of news items on its regularly-updated feed, pulling from public data feeds. Peruse stories around sports, economics, politics, and more with the helpful aid of charts and graphs. See the shape of the news with this clever AI tool here.

Decoding the hype around AI

2022 was the year AI broke onto the scene, with applications like ChatGPT amazing users with its ability to generate realistic-sounding answers. Technologist Arvind Narayanan presents a clear-eyed view of what the technologies can (and can't) do.

Filing for Chapter 7 bankruptcy can be complex

Debtors must know whether their liabilities are secured or unsecured and what type of assets they have. They also need to know what a filing can and can’t help them with.

How ChatGPT learns to read

The introduction of ChatGPT last fall jumpstarted public interest in the future capabilities of artificial intelligence and what it means for society. Of many somewhat "jargony" terms thrown around, the phrase "Large Language Model" is commonly seen—but also incredibly unclear as to what it means. In the simplest sense, the programs comb through mountains of internet data in response to a question and guess at what should come next (subscription needed).

Studies show AI tools can result in passive learning with less retention

Although ChatGPT, Google's AI overviews, and other similar software can save time, a study of more than 10,000 adults showed that reliance on them yielded work products that were more generic and included fewer facts than those produced solely by Google search. Weaker brain connectivity has also been observed when users write using AI.

Calculate: Do you need to file for bankruptcy?

About 77% of American households had some debt at the end of 2023. However, when debt becomes crushing, it's time to consider a management plan or a bankruptcy filing. This calculator helps explore whether debt is manageable based on inputs like medical debt, payday loans, and gross annual income.

The history of bankruptcy in the US dates back to the signing of the Constitution

In 1787, this founding document gave Congress the right to establish nationwide bankruptcy laws. Legislators took advantage of that power in 1800 when they passed the Bankruptcy Act of 1800, the first comprehensive bankruptcy law at the federal level.

LLMs explained simply and quickly

Large language models generate responses by predicting one token at a time, based on patterns they’ve learned from massive datasets. This explainer covers their core components: data, architecture, training, and how transformer models use context to simulate conversation.

Can AI revolutionize cancer detection?

Scientists have developed a tool to evaluate the risk of lung cancer, the most deadly form of the disease. Named "Sybil," this AI program was trained using CT scans with clear cancer signs, followed by scans where cancer wasn’t obvious. The tool is able to review CT scan data to predict a patient's of developing a lung cancer within six years. See how it works here.

Machine learning lets computers learn from data instead of relying on programming

ML is a core part of artificial intelligence and is foundational to applications like chatbots, fraud detection, and self-driving cars. Businesses are also adopting it to improve efficiency and identify patterns in data, though the latter may be inaccurate.

In 2023, OpenAI spent $520 million on ChatGPT

The ongoing development and refinement of new AI models requires larger datasets and processing more parameters between words and subwords to improve the accuracy of generated content. New startups are expected to harness this technology to provide unthought-of products and services.

Meet the investor running his life with AI

Daniel Ha is a venture capitalist who built a suite of AI agents to boost his productivity, both professionally and personally. At his VC firm, a troupe of agents gathers data on startups and analyzes it from competing perspectives to produce a confidence score. When his dad was diagnosed with cancer, Ha used an oncology-trained AI to help him understand the condition.

Try OpenAI's ChatGPT for free

In late 2022, OpenAI launched a chatbot that quickly became one of the most viral tech products of all time. The software uses code to interpret natural language to produce sophisticated content based on simple user prompts.

The next evolution of Google Search: AI Mode

Google launches AI Mode, which brings advanced AI capabilities to its search engine. This new feature combines the Gemini AI chatbot with search to help with tasks like vacation booking and purchasing, as well as provide a new virtual try-on shopping experience.

Microsoft has integrated AI across its software products with Copilot

It utilizes an underlying model from OpenAI—makers of ChatGPT—to assist users in creating documents, writing code, locating files, and more across Windows, Microsoft 365, Bing search and WhatsApp on desktop and mobile devices. Copilot Voice and Vision offer accessibility features for users who prefer not to use mouse/keyboard navigation.

The rise of generative AI could exacerbate anxiety because people may turn to chatbots for constant reassurance.

Sam Altman acknowledges the fears around creativity, copyright, and misuse of AI

In 2022, OpenAI's CEO, Sam Altman, popularized the use of large language models with the release of ChatGPT. He has emphasized the importance of involving society in shaping AI’s safety frameworks before models begin to act independently online.

Harvard Business School adapted its law school's ‘case method’ in MBA classes

Many MBA programs include classes structured around the “case method” rather than traditional lectures. In classes using the case method, students solve real-world business problems without being given the answers ahead of time, rather than listening to a lecture and taking notes.

The Anthropic Economic Index shows AI adoption is highest in computer science roles.

The most common types of bankruptcy filings are Chapter 7, Chapter 11, and Chapter 13

However, there are actually six types in practice today. These less-common options can be lifelines for foreign businesses operating in the US, local governments, and farms and fisheries.

Because they are built on content produced by humans, who possess biases, generative AI tools inherit prejudices and stereotypes from training data, which later appear in their outputs.

AI may help the 1.4 billion people worldwide who lack access to basic financial services

Artificial intelligence is fuelling a financial technology transformation in some countries where an outsized number of residents lack access to basic financial services, including Brazil and Nigeria.

For some debtors without assets that can be sold or returned, filing for bankruptcy can provide a path toward a clean slate

However, the bankruptcy process does not apply to several types of common debt, including money owed toward child support or alimony payments. Most debtors also do not qualify for relief from student loan payments.

Listen to Palantir CEO Alex Karp's outlook for how AI will change the economy.

Research suggests using AI for schoolwork may harm critical thinking skills

An MIT study finds lower brain engagement in students who used ChatGPT, resulting in consistent underperformance in neural, linguistic and behavioral levels. AI users struggled to recall their own essays, while the brain-only group showed the highest neural connectivity and satisfaction.

Find out how important you are to AI tools when they generate text responses with this tool, which estimates the weights of people's names.

You can draft a will designed to block AI resurrection—but the request may be ignored

Ars Technica spoke with legal experts about how—and if—people could design their wills to prevent AI resurrection. Though this is not yet a common request, one lawyer suggested that people worried about living on in an AI format can draft a power of attorney and a will that prevents those in charge of one's estate from submitting any texts, voice, image, writings, or other personal information to any AI tools.

How constitutional AI helps cultivate good human values in Anthropic's AI tools

By incorporating elements from documents such as the UN's Universal Declaration of Human Rights into a framework against which it can check its outputs, Anthropic hopes the approach will help Claude operate with good human values and behaviors beyond what human-driven training alone can provide.

Researchers found that by mid-2025, around 35% of newly published websites utilized AI for language generation

The study also found that pages using AI narrow the range of ideas and perspectives and skew more positively, though the measurable impacts on factual accuracy and writing style variation remain unclear.

Google Search incorporated AI Overviews in 2024 to fight back competitors

Analysts believe that generative AI tools—not antitrust rulings—are Google's biggest threat because they draw users away from traditional search and potential ad revenue. AI partnerships, like the one between Apple and OpenAI, may further reduce Google's market share.

Tokens—numbers assigned to words and subwords—are the basic units of data that AI tools process to generate outputs that mimic language without understanding the text itself.

Google invented the foundation of the AI movement—but ChatGPT was a shock

For years, Google was the cutting-edge of the AI world, including the development of the Transformer—the basis of contemporary AI chatbots. But since OpenAI debuted ChatGPT in 2022, the company was had to play catch-up. This is a four-hour deep dive into Google's AI history.

The AI that creates any picture you want and how it works

Since January 2021, advances in AI research produced a plethora of deep-learning models capable of generating original images from simple text prompts. Researchers at OpenAI, Google, Facebook, and others have developed yet to be released text-to-image tools, and similar models have proliferated online. This video is a primer on how we got here, how the technology works, and its implications.

Artificial intelligence may further enhance smart city data analysis

Identifying patterns within systems in the Internet of Things may enable AI tools to make informed decisions regarding transportation, safety, and sustainability without human intervention. However, such tools will also need to successfully address concerns about privacy, digital equity, and algorithmic bias.

Read SCOTUSblog for daily, nonpartisan coverage of the US Supreme Court

Founded in 2002, SCOTUSblog offers expert analysis from lawyers, professors, and journalists. The blog provides transparent, unbiased explanations of significant cases, real-time updates on decisions, and insights into court nominations and trends.

Listen to an interview with Tencent's chief financial officer Arthur Wang to hear how the company is leveraging to AI to stay ahead of the technological curve.