The platform, built on OpenAI’s technology, is specifically designed for the legal market. Despite criticism of generative AI models like ChatGPT for potential inaccuracies and concerns over client data security, proponents believe it will revolutionize the legal industry.
Key takeaways:
- Harvey.ai has raised an additional $80 million in Series B funding, bringing its valuation to $715 million.
- The funding round included participation from Elad Gil, Kleiner Perkins, the OpenAI Startup Fund, and Sequoia.
- Harvey.ai is a generative AI legal technology platform built on OpenAI’s technology, specifically designed for the legal market.
- While generative AI in legal technology is seen as transformative, there are concerns about inaccuracies and the security and confidentiality of client data.