Thomson Reuters has also moved into AI development with the acquisition of UK-based Safe Sign Technologies, a specialist in legal-focused language models. The company's AI strategy includes developing proprietary LLMs through Safe Sign Technologies, which gives them greater control over data security, customization, and cost efficiency. This approach, combined with the use of multiple AI models, has led to a 1,400% increase in CoCounsel users over the past year and could redefine the standards for AI deployment in the legal industry.
Key takeaways:
- Thomson Reuters is testing a custom version of OpenAI’s newest language model in its CoCounsel legal assistant, marking the first enterprise customization of the o1-mini model.
- The company is using different AI models from OpenAI, Google, and Anthropic, each optimized for specific legal tasks, which could become a blueprint for enterprise AI deployment across industries.
- Early testing of the o1-mini model has shown significant improvements in legal document analysis, with Thomson Reuters reporting a 1,400% increase in CoCounsel users over the past year.
- Thomson Reuters has also moved into AI development, acquiring UK-based Safe Sign Technologies, a specialist in legal-focused language models, and partnering with Amazon Web Services for computational support.