Active Stocks
Fri Apr 19 2024 15:56:00
  1. Tata Steel share price
  2. 162.10 1.31%
  1. Tata Motors share price
  2. 963.20 -0.84%
  1. NTPC share price
  2. 350.90 -0.14%
  1. ITC share price
  2. 424.80 1.40%
  1. Power Grid Corporation Of India share price
  2. 281.70 0.54%
Business News/ Technology / News/  PwC introduces AI chatbot to assist 4,000 its lawyers in over 100 countries
BackBack

PwC introduces AI chatbot to assist 4,000 its lawyers in over 100 countries

PricewaterhouseCoopers LLP has introduced a chatbot service for its lawyers, joining the ranks of professional services firms using artificial intelligence to boost productivity.

The project will be delivered through a 12-month partnership with AI startup Harvey, PwC said in a statement.Premium
The project will be delivered through a 12-month partnership with AI startup Harvey, PwC said in a statement.

PricewaterhouseCoopers LLP has introduced a chatbot service for its lawyers, joining the ranks of professional services firms using artificial intelligence to boost productivity.

The project will be delivered through a 12-month partnership with AI startup Harvey, PwC said in a statement Wednesday.

Around 4,000 PwC lawyers in over 100 countries will gain access to the technology. The chatbot is meant to help speed up work from due diligence or regulatory compliance to broader legal advisory and legal consulting services. 

The firm said it’s also looking to extend the use of the service for its tax practice.

Companies across industries are testing the promise of generative AI to supercharge efficiency. ChatGPT, an AI chatbot from Microsoft-backed OpenAI, became a global sensation last year thanks to its ability to deliver seemingly sophisticated yet plain-language answers to almost any kind of question. 

“Harvey’s AI solution marks a huge shift in the way that tax and legal services will be delivered and consumed across the industry," said Carol Stubbings, global tax and legal leader at PwC UK.

Harvey is built on OpenAI and ChatGPT technology and is backed by the OpenAI Startup Fund.

The technology, based on large language models, is particularly suited for those who have to create and analyze large amounts of text.

Other professional services firms have been dipping their toes into using AI to expedite tasks. Allen & Overy recently became the first in the Magic Circle, as the London-based law firms working on top City deals are known, to announce a chatbot to help lawyers draft contracts and client memos. 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Mar 2023, 04:49 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App