Accounts in your head

Imagine you have a fantastic accountant. However fantastic he is, his head isn’t the best place to store your bookkeeping data.

That data is better off in a spreadsheet or structured database. Not only will it not get in your accountant's way, he will do a better job with that data in the correct shape.

You also get a huge number of other benefits like being able to switch to other accountants or feed the data into other systems.

The AI wave is making us think we can just let a large language model ingest our contract data and be the source of truth. The problem is that the data held in the AI is stored in a bunch of weights and biases, not accessible structured data.

Storing contract data in a large language model is like having your accounts in someone’s head.