Thomson Reuters CoCounsel Tests Custom LLM from OpenAI, Broadening its Multi-Model Product Strategy
Thomson Reuters (TSX/NYSE: TRI) announced testing a custom version of their CoCounsel GenAI assistant built on OpenAI's o1-mini model. The custom model, developed in collaboration with OpenAI, leverages 'chain of thought' reasoning for enhanced analytical capabilities. CoCounsel, which saw a 1,400% increase in users in less than a year, is implementing a multi-model strategy, testing LLMs from various providers including Anthropic's Claude 3.5 and Google's Gemini 1.5 Pro. The company is also training its own models following the acquisition of Safe Sign Technologies and partnering with AWS and Microsoft for infrastructure and integration support.
Thomson Reuters (TSX/NYSE: TRI) ha annunciato il collaudo di una versione personalizzata del loro assistente CoCounsel GenAI, costruita sul modello o1-mini di OpenAI. Il modello personalizzato, sviluppato in collaborazione con OpenAI, sfrutta il ragionamento 'chain of thought' per migliorare le capacit脿 analitiche. CoCounsel, che ha registrato un incremento del 1.400% degli utenti in meno di un anno, sta adottando una strategia multi-modello, testando LLM da vari fornitori, tra cui Claude 3.5 di Anthropic e Gemini 1.5 Pro di Google. L'azienda sta anche addestrando i propri modelli dopo l'acquisizione di Safe Sign Technologies e collaborando con AWS e Microsoft per il supporto infrastrutturale e di integrazione.
Thomson Reuters (TSX/NYSE: TRI) anunci贸 la prueba de una versi贸n personalizada de su asistente CoCounsel GenAI, construido sobre el modelo o1-mini de OpenAI. El modelo personalizado, desarrollado en colaboraci贸n con OpenAI, aprovecha el razonamiento de 'cadena de pensamiento' para mejorar las capacidades anal铆ticas. CoCounsel, que vio un incremento del 1.400% en usuarios en menos de un a帽o, est谩 implementando una estrategia multi-modelo, probando LLM de varios proveedores, incluyendo Claude 3.5 de Anthropic y Gemini 1.5 Pro de Google. La empresa tambi茅n est谩 entrenando sus propios modelos tras la adquisici贸n de Safe Sign Technologies y asoci谩ndose con AWS y Microsoft para soporte en infraestructura e integraci贸n.
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Thomson Reuters (TSX/NYSE: TRI) a annonc茅 le test d'une version personnalis茅e de son assistant CoCounsel GenAI, construit sur le mod猫le o1-mini d'OpenAI. Le mod猫le personnalis茅, d茅velopp茅 en collaboration avec OpenAI, utilise le raisonnement 'cha卯ne de pens茅e' pour am茅liorer les capacit茅s d'analyse. CoCounsel, qui a connu une augmentation de 1.400 % d'utilisateurs en moins d'un an, met en 艙uvre une strat茅gie multi-mod猫le, testant des LLM de divers fournisseurs, y compris Claude 3.5 d'Anthropic et Gemini 1.5 Pro de Google. L'entreprise forme 茅galement ses propres mod猫les suite 脿 l'acquisition de Safe Sign Technologies et collabore avec AWS et Microsoft pour le soutien 脿 l'infrastructure et 脿 l'int茅gration.
Thomson Reuters (TSX/NYSE: TRI) hat die Erprobung einer ma脽geschneiderten Version ihres CoCounsel GenAI-Assistenten, der auf dem o1-mini-Modell von OpenAI basiert, angek眉ndigt. Das ma脽geschneiderte Modell, das in Zusammenarbeit mit OpenAI entwickelt wurde, nutzt 'chain of thought'-Argumentation zur Verbesserung der Analysef盲higkeiten. CoCounsel, das weniger als ein Jahr nach seiner Einf眉hrung einen Anstieg von 1.400 % bei den Benutzern verzeichnete, implementiert eine Multi-Modell-Strategie und testet LLMs von verschiedenen Anbietern, darunter Claude 3.5 von Anthropic und Gemini 1.5 Pro von Google. Das Unternehmen schult auch eigene Modelle nach der 脺bernahme von Safe Sign Technologies und arbeitet mit AWS und Microsoft f眉r Infrastruktur- und Integrationsunterst眉tzung zusammen.
- 1,400% increase in CoCounsel users in less than a year
- Strategic partnerships with major tech companies (OpenAI, Google, Anthropic, Microsoft, AWS)
- Expansion of AI capabilities through Safe Sign Technologies acquisition
- Integration with Microsoft 365 suite enhancing product accessibility
- Longer response times with new o1-mini model implementation
Insights
This strategic expansion of Thomson Reuters' AI capabilities marks a significant technological advancement in the legal tech sector. The implementation of OpenAI's o1-mini model, with its enhanced reasoning capabilities, represents a substantial upgrade to their CoCounsel platform. The 1,400% increase in CoCounsel users demonstrates strong market adoption and revenue potential.
The multi-model approach, incorporating technologies from OpenAI, Anthropic and Google, creates a robust competitive advantage. The acquisition of Safe Sign Technologies and partnerships with AWS and Microsoft further strengthen their market position. Most importantly, the integration with Microsoft 365 suite will likely drive increased user adoption and recurring revenue streams.
Thomson Reuters' aggressive expansion in AI technology positions them well in the rapidly growing legal tech market. The company's first-mover advantage with GPT-4 integration and continued innovation with custom LLMs creates significant barriers to entry. The strategic partnerships with major tech giants (OpenAI, Microsoft, AWS) enhance their competitive moat.
The focus on professional-grade AI solutions targets high-value enterprise customers, potentially leading to premium pricing and higher margins. The M365 integration particularly stands out as it could drive widespread adoption across law firms and corporate legal departments, creating sticky, long-term revenue streams.
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听CoCounsel platform as part of company's multi-model approach to LLM-powered solutions听
- 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听
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听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.听听
This is just the latest work between the two technology companies, as听 CoCounsel was founded on a deep relationship with OpenAI, being the first legal tech tool to publicly announce the use of the听听large language model (LLM).听听
"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."听
Pioneering application of GenAI to professional-grade solutions听
As the first and leading solution of its kind鈥攁 professional-grade GenAI assistant鈥擟oCounsel 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,
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鈥攁nd in which combination鈥攑roduce 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鈥攚hich Thomson Reuters is uniquely equipped to provide鈥攁nd ultimately creating better technology and better results for customers who use the solutions built on it.听听
"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."听听
Finding the right technology for each CoCounsel capability听
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.听听
The integration of 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.听
In addition to collaborating with OpenAI, Anthropic, and Google, Thomson Reuters has begun training their own models, evidenced by their recent acquisition of
Thomson Reuters has also been working closely with Microsoft to bring another significant 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鈥擬icrosoft Outlook, Word, Teams, and SharePoint鈥攖he 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.听
Thomson Reuters听
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 听听
Contact听
Ali Hughes +1.763.326.4421 ali.hughes@thomsonreuters.com听听听
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