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How Thomson Reuters built a legal AI platform using 150 years of professional content
Thomson Reuters is revolutionizing the legal and tax industry by incorporating AI technology into its professional tools through a partnership with Anthropic. This collaboration marks one of the largest AI rollouts in the legal sector.
Central to this initiative is CoCounsel, Thomson Reuters’ AI platform designed for legal and tax professionals. Operating on Amazon’s secure cloud infrastructure, CoCounsel ensures the protection of sensitive client information while providing valuable AI-powered insights.
Joel Hron, Chief Technology Officer at Thomson Reuters, emphasized the fusion of expert human knowledge with advanced technology in an interview with VentureBeat. He highlighted the expertise of professionals across various domains who contribute to generating content and workflows, with AI serving as a tool to enhance the dissemination of that knowledge through software.
Inside the strategic deployment of multiple AI models for professional services
Thomson Reuters strategically deploys different versions of Claude based on task complexity, utilizing Claude 3 Haiku for rapid processing tasks and Claude 3.5 Sonnet for in-depth analyses requiring detailed insights.
Early results indicate significant efficiency gains with CoCounsel, as professionals save time and enhance the quality of their work, delivering more strategic value to clients.
Emphasizing the importance of security in the implementation process, Hron praised Amazon Bedrock for providing a robust and battle-tested cloud infrastructure that adheres to enterprise-grade security standards throughout the lifecycle.
Enterprise AI deployment sets new standard for security and professional trust
The collaboration between Thomson Reuters and Anthropic sets a new standard for enterprise AI deployment by combining advanced AI capabilities with domain expertise and secure infrastructure. Greenlee highlighted the valuable synergy between Anthropic’s AI capabilities and Thomson Reuters’ deep domain expertise and authoritative content.
Thomson Reuters plans to expand its use of Claude by exploring agent frameworks for complex tax workflows and utilizing computer vision capabilities to streamline content curation for editorial teams.
As law firms and tax professionals increasingly adopt AI tools, Thomson Reuters’ approach could serve as a blueprint for enterprises seeking to deploy AI while upholding professional standards and data security.
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FAQs
Q: What is CoCounsel?
A: CoCounsel is Thomson Reuters’ AI platform designed for legal and tax professionals, running on Amazon’s secure cloud infrastructure.
Q: How does Thomson Reuters utilize AI in its professional tools?
A: Thomson Reuters partners with Anthropic to incorporate Claude AI technology across its professional tools, leveraging 150 years of professional content and expertise.
Q: What are the benefits of Thomson Reuters’ AI deployment?
A: The strategic deployment of AI models like Claude has led to significant efficiency gains, with professionals saving time and delivering more strategic value to clients.
Credit: venturebeat.com
