Global pioneer in professional-grade GenAI first to employ
custom model built on OpenAI o1-mini.
- Custom model just the latest to be tested on the CoCounsel
platform as part of company's multi-model approach to LLM-powered
solutions
- Thomson Reuters GenAI solutions for professionals, the only
such products grounded in the world's leading content and
expertise, provide uniquely sought-after testing ground for LLM
technology leaders
TORONTO, Nov. 25,
2024 /PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI),
a content-driven technology company, today announced they are
testing a version of their CoCounsel GenAI assistant that employs a
custom model built on OpenAI o1-mini, the AI pioneer's latest large
language model (LLM), notable for its enhanced reasoning skills.
Because OpenAI o1-mini "thinks" before it responds—"chain of
thought" reasoning—it enables CoCounsel to accurately perform
certain highly analytical and data-driven tasks for the first time.
While this means answers take longer, it also means they're more
detailed, thorough, and accurate.
Building on Thomson Reuters' proprietary datasets, the CoCounsel
and OpenAI teams have collaborated to create this custom model, now
in a proof-of-concept phase ahead of the new LLM's general
availability. The original CoCounsel, launched in March 2023, was the first legal tech tool to
publicly announce the use of OpenAI's GPT-4, and similarly was
built in collaboration and early access with OpenAI, on its
groundbreaking model. As CoCounsel has evolved and expanded,
particularly since becoming the single GenAI assistant across
Thomson Reuters products, so has the product team's strategy for
employing LLMs to deliver the best possible performance for
CoCounsel customers. Their current multi-model approach has set the
standard for testing in-development models in partnership with LLM
leaders.
This is just the latest work between the two technology
companies, as CoCounsel was founded on a deep relationship
with OpenAI, being the first legal tech tool to publicly announce
the use of the GPT-4 large language model
(LLM).
"We're proud of our longstanding work with Thomson Reuters and
learning how they use o1-mini to power new legal workflows," said
Kevin Weil, Chief Product Officer at
OpenAI. "Building a custom o1-mini model into CoCounsel equips
legal professionals with advanced AI reasoning capabilities,
supporting them in addressing challenging legal
problems."
Pioneering application of GenAI to professional-grade
solutions
As the first and leading solution of its kind—a
professional-grade GenAI assistant—CoCounsel uniquely offers LLM
creators a robust installed and daily active customer base, who are
ready and willing to test the model evolutions. Many of these
customers are early innovators in the GenAI revolution and have
been users for more than 18 months. This has in part led to the
1,400% increase in CoCounsel users in less than a year. These
users' multi-step use cases, such as legal workflows, offer
particularly valuable testing ground to LLM development teams
Additionally, CoCounsel offers LLM teams the opportunity to
evaluate new models' performance across several products—including
CoCounsel Core, Westlaw Precision, Practical Law Dynamic Tool Set,
and CoCounsel Drafting—that tackle a wide range of sophisticated
tasks.
Thomson Reuters' LLM evaluation program includes in-product
testing of new models from several AI providers, alongside current
models. The goal is not just to determine which perform "better,"
but rather which—and in which combination—produce output that best
meets customers' needs, for specific, real-life use cases. This
process involves pushing the boundaries of what the models can do,
giving valuable performance data to their creators—which Thomson
Reuters is uniquely equipped to provide—and ultimately creating
better technology and better results for customers who use the
solutions built on it.
"Our close cooperation with the technology leaders charting the
course for AI allows us to deliver profoundly better CoCounsel
outcomes for our customers, empowering them to better serve their
clients," said Joel Hron, chief
technology officer for Thomson Reuters. "Through early access to
models from OpenAI, Anthropic, and Google, we've been able to
evaluate each alone and in combination, right in product. And our
learnings do more than help us continue pioneering
professional-grade applications of GenAI, they help the teams
behind these astonishing LLMs improve what the models can do. This
benefits the products they power, creating a virtuous cycle of
innovation to collectively push the boundaries of how AI can be
used to transform professional work."
Finding the right technology for each CoCounsel
capability
For Thomson Reuters products for tax professionals, beginning
with Checkpoint, the CoCounsel team has been evaluating Anthropic's
Claude 3.5 Haiku and Claude 3.5 Sonnet. The team is also looking at
how prompt caching in Claude could be effective for CoCounsel
Drafting.
The integration of Google Gemini 1.5 Pro into the CoCounsel
platform has been key to delivering the upgrades in CoCounsel 2.0.
The models in this family offer a substantially longer "context
window," enabling CoCounsel to increase processing throughput,
better analyze complex patterns in legal documents, and retain the
"memory" of legal matters across a series of tasks.
In addition to collaborating with OpenAI, Anthropic, and Google,
Thomson Reuters has begun training their own models, evidenced by
their recent acquisition of UK-based startup Safe Sign
Technologies, specializing in legal-specific LLMs. This future
CoCounsel input will mark yet another opportunity for the team to
evolve their multi-model strategy to better serve CoCounsel users.
Key to delivering on this opportunity has been access to sufficient
computational resources to train and run AI systems. Thomson
Reuters has enabled this through close partnership with Amazon Web
Services (AWS), becoming one of the early customers for AWS
Sagemaker HyperPod.
Thomson Reuters has also been working closely with Microsoft to
bring another significant CoCounsel 2.0 upgrade to its customers:
integration with M365. Just as important as ensuring CoCounsel can
return the best possible output is empowering customers to
streamline the complex work they do. By offering integration with
the tools professionals use every day—Microsoft Outlook, Word,
Teams, and SharePoint—the CoCounsel team continues its mission of
creating a GenAI experience that doesn't just help professionals
work faster, smarter, and better, but actually helps them transform
what they spend their time on, what it's possible to accomplish,
and ultimately what it means to work.
Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) ("TR") informs the way forward
by bringing together the trusted content and technology that people
and organizations need to make the right decisions. The company
serves professionals across legal, tax, accounting, compliance,
government, and media. Its products combine highly specialized
software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and
to help institutions in their pursuit of justice, truth, and
transparency. Reuters, part of Thomson Reuters, is a world-leading
provider of trusted journalism and news. For more information,
visit tr.com.
Contact
Ali Hughes +1.763.326.4421
ali.hughes@thomsonreuters.com
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