PwC’s 4,000 legal staffers get AI assistant as law chatbots gain steam

(Reuters) – PricewaterhouseCoopers explained Wednesday that it will give 4,000 of its lawful gurus obtain to an artificial intelligence system, becoming the latest agency to introduce generative AI technology for legal perform.

PwC claimed it partnered with AI startup Harvey for an preliminary 12-thirty day period deal, which the accounting and consulting organization explained will assist attorneys with deal assessment, regulatory compliance get the job done, owing diligence and other legal advisory and consulting products and services.

PwC explained it will also establish means for tax experts to use the technology.

It explained its access to Harvey’s technology is exclusive amongst the Huge Four specialist companies firms.

Harvey is built on technologies from OpenAI, the Microsoft Corp-backed startup that on Tuesday launched an upgraded variation of its AI feeling ChatGPT. Harvey gained a $5 million financial investment past calendar year in a funding round led by the OpenAI Startup Fund.

PwC explained AI will not supply legal information to its shoppers and “will not exchange legal professionals.”

A PwC spokesperson mentioned the organization will use its own inner facts and more than time might use anonymized facts from customers that want PwC to use their data for particular utilizes. It will also get the job done to make its own AI versions with Harvey’s system to generate custom goods and services, it mentioned.

Other businesses, legislation companies and skilled expert services companies have also started to experiment with generative AI engineering.

International regulation agency Allen & Overy last thirty day period grew to become the very first big legal enterprise to publicly partner with Harvey. The large London-established firm explained far more than 3,500 of its attorneys will use the company to automate some authorized doc drafting and study.

Other authorized know-how providers are hurrying to include generative AI capabilities into goods. Robin AI, a London-established business that focuses on contracts, very last thirty day period stated it integrated technological innovation into its system from OpenAI competitor Anthropic.

Casetext, a legal investigation organization, said Tuesday its just lately-introduced AI legal assistant solution is also crafted on OpenAI’s newest design, GPT-4.

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OpenAI-backed startup delivers chatbot technological innovation to initial significant regulation company

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