PwC’s 4,000 legal staff get AI assistants as legal chatbots gain steam | – #PwCs #legal #staff #assistants #legal #chatbots #gain #steam
(Reuters) – PricewaterhouseCoopers said on Wednesday it will give 4,000 legal professionals access to an artificial intelligence platform, becoming the latest firm to introduce generative artificial intelligence technology for legal work.
PwC said it has partnered with AI startup Harvey for an initial 12-month contract, and the accounting and consulting firm will assist lawyers with contract analysis, regulatory compliance work, due diligence and other legal advisory and consulting services.
PwC, tax he said that his experts will also determine ways to use technology.
Its access to Harvey technology is exclusive among Big Four professional services firms, he said.
Harvey is built on technology from OpenAI, a Microsoft Corp-backed startup that released an improved version of its artificial intelligence sensation ChatGPT on Tuesday. 5 million in a funding round led by Harvey’s OpenAI Startup Fund last year dollars received investment.
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PwC said that AI will not provide legal advice to its clients and that its “lawyers substitute will not”.
A PwC spokeswoman said the company will use its internal data and over time may use anonymized data from clients who want PwC to use their data for certain purposes. It will also look to build its own AI models with Harvey’s platform to create personalized products and services.
Other companies, law firms and professional services firms have also begun experimenting with generative AI technology.
Global law firm Allen & Overy became the first major legal firm to publicly partner with Harvey last month. The large London-based firm said its more than 3,500 lawyers will use the service to automate some legal document preparation and research.
Other legal tech companies are rushing to incorporate generative AI capabilities into products. London-based Robin AI, which focuses on contracts, said last month it had integrated technology from OpenAI rival Anthropic into its platform.
Casetext, a legal research company, said on Tuesday that its recently released AI legal assistant product is also built on OpenAI’s latest model, GPT-4.
Read more:
OpenAI-backed startup brings chatbot technology to first major law firm
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Sarah Merken
2023-03-16 11:45:31
Source – reuters
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