Economic, Societal, Legal, and Ethical Considerations for Large Language Models

Abstract

Systems like ChatGPT-3 captured the imagination in late 2022. The quality of the systems surprised and delighted many with both a flurry of lawsuits, predictions of the collapse of many white collar careers, and decimation of artist incomes. The potential to have an interactive tool that can work like an interactive textbook is compelling and potentially transformative for the betterment of humanity offering low cost access to something to talk with about just about anything. This can enable learning to whole new audiences. With this potential upside, the current status of these tools in terms of the economics of the tools themselves, how their costs compare to human labor, the impacts on human jobs both white collar and creative, and in the current legal environment must be considered to best see the future these tools may offer. This work examines what these tools are, how they work, and the implications of how they are created through all of these lenses to give a holistic view of the current state and potential future possibilities. While this is a changing landscape, the current status can offer a strong position to talk about these tools and help guide what the future will be like.

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