On “The Claman Countdown,” Tom Siebel provides insight into the powerful systems.
Thomson Reuters recently unveiled new initiatives in generative artificial intelligence (AI), with the introduction of GenAI into the company’s legal research platform to aid experts in complex research tasks. Leveraging Thomson Reuters’ Westlaw database, which taps into 150 years of legal analysis and content, along with links to various legal authorities, users can now pose intricate research queries in plain language through the new feature called AI-Assisted Research on Westlaw Precision.
From basic inquiries to the most challenging questions, AI-Assisted Research on Westlaw Precision assists legal professionals in swiftly and efficiently uncovering answers, as highlighted by David Wong, Thomson Reuters’ General Merchandise Official, and Mike Dahn, Head of Westlaw Product Management, in discussions with FOX Business.
“This technology enables them to find solutions within minutes. Previously, such research could have taken days of sifting through documents, cases, and statutes,” they explained. Furthermore, by utilizing Westlaw Precision, which offers the most dependable legal information, practitioners can now focus on more valuable tasks.
Retrieval Augmented Generation (RAG) is harnessed in Thomson Reuters’ AI-Assisted Research to maintain a sharp focus on the language patterns inherent in the vast information repository of the Westlaw library. This approach prevents the generative AI system from generating fictitious event names or citations.
“When a question is posed, the AI scours the Westlaw content, identifies the most relevant responses to complex queries, synthesizes a response, and then cites the sources to instill confidence in the information.”
Thomson Reuters is also contemplating enhancing CoCounsel, a GenAI tool already in use and set to receive additional capabilities over the next year as it becomes more deeply integrated into the company’s content and offerings.
The analysis tool and CoCounsel assistant at Thomson Reuters are poised to receive new AI-driven functionalities, enabling legal professionals and other users to not only benefit from AI-powered legal research but also to review, summarize legal documents, ensure lease compliance, and extract crucial data from contracts for further analysis.
The Thomson Reuters Generative AI software, as described by Wong and Dahn, facilitates the rapid expansion of the organization’s AI product portfolio by leveraging reusable components. This cloud-native engineering program incorporates Thomson Reuters UX and Design principles, following an API-first development approach. By establishing reusable components as the building blocks for future products, Thomson Reuters can swiftly introduce new advanced AI capabilities. The Generative AI system by Thomson Reuters provides a secure, privacy-compliant, and reliable framework for AI development.
