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Thomson Reuters, the worldwide content material and know-how firm, is remodeling the authorized trade with generative AI.
Within the newest episode of NVIDIA’s AI Podcast, host Noah Kravitz spoke with Thomson Reuters Chief Product Officer David Wong about its potential — and implications.
A lot of Thomson Reuters choices for the authorized trade both deal with an data retrieval drawback or assist generate written content material.
It has aN AI-driven digital answer that permits regulation practitioners to look legal guidelines and circumstances intelligently inside totally different jurisdictions. It additionally supplies AI-powered instruments which are set to be built-in with generally used merchandise like Microsoft 365 to automate the time-consuming processes of drafting and analyzing authorized paperwork.
These applied sciences enhance the productiveness of authorized professionals, enabling them to focus their time on higher-value work. In line with Wong, in the end these instruments even have the potential to assist ship higher entry to justice.
To handle moral issues, the corporate has created publicly obtainable AI improvement pointers, in addition to privateness and knowledge safety insurance policies. And it’s collaborating within the drafting of moral pointers for the industries it serves.
There’s nonetheless a variety of reactions surrounding AI use within the authorized area, from optimism about its potential to fears of job substitute. However Wong underscored that it doesn’t matter what the outlook, “it is rather probably that professionals that use AI are going to exchange professionals that don’t use AI.”
Wanting forward, Thomson Reuters goals to additional combine generative AI, in addition to retrieval-augmented technology strategies into its flagship analysis merchandise to assist attorneys synthesize, learn and reply to difficult technical and authorized questions. Just lately, Thomson Reuters acquired Casetext, which developed the primary AI authorized assistant, CoCounsel.
In 2024 Thomson Reuters is constructing on this with the launch of an AI assistant that would be the interface throughout Thomson Reuters merchandise with GenAI capabilities, together with these in different fields resembling tax and accounting.
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