Description
Up to 4,000 legal professionals working at PricewaterhouseCoopers (PwC) LLC are expected to be assisted by artificial technology (AI) as the London-based accounting and consulting firm has signed an agreement with AI start-up Harvey, to assist PwC lawyers with various legal aspects. work. The partnership, announced in a statement on Wednesday, makes PwC the latest organization to introduce generative artificial intelligence technology to legal work. Here's everything you need to know about the PwC-Harvey partnership
(1.) PricewaterhouseCoopers and Harvey have signed an initial 12-month contract, the statement says, adding that the AI assistant will help PwC lawyers with contract analysis, regulatory compliance work, due diligence and others. legal advisory and consulting services.
(2.) However, the company made it clear that the technology would not replace the firm's legal professionals and also said that Harvey would not provide legal advice to PwC clients.
(3.) Harvey uses technology created by OpenAI, a Microsoft-backed artificial research lab and the creator of the revolutionary ChatGPT. On Tuesday, OpenAI released an improved version of ChatGPT.
(4.) PricewaterhouseCoopers, meanwhile, further stated that it will work with Harvey's platform to develop its own AI models that will, in turn, create customized products and services.
(5.) Other companies that have started using generative AI technology include global law firm Allen & Overy, London-based contract-focused Robin AI, legal research organization Casetext, etc.
(With inputs from Reuters)
