Thomson Reuters has reached a significant milestone with one million professionals now utilizing its CoCounsel AI technology across 107 countries. This development marks a shift from AI experimentation to its integration into essential workflows in high-stakes industries such as legal, tax, compliance, and accounting. The emphasis is on incorporating AI not as standalone tools, but as integral components of daily operations, ensuring accuracy and data protection.
CoCounsel is designed specifically for regulated environments, providing capabilities that meet stringent requirements for legal and regulatory review. Its functions include retrieving authoritative sources, verifying citations, and applying jurisdiction-specific rules. By using 175 years of editorially enhanced legal and tax content, CoCounsel integrates seamlessly into existing professional platforms, thereby enhancing productivity without compromising data security. The system ensures that customer information is not used to train third-party models, maintaining strict data boundaries.
Steve Hasker, President and CEO of Thomson Reuters, noted that the choice for professionals is no longer whether to use AI, but which AI to trust. David Wong, Chief Product Officer, emphasized that the volume of users reflects a global consensus on the need for reliable AI tools in critical tasks.
Looking ahead, the next generation of CoCounsel Legal, which is set to enter beta soon, will offer a conversational task execution feature, allowing legal professionals to outline objectives in a natural dialogue. This innovation aims to streamline workflows further, providing legal professionals with robust support for producing structured outputs.
The continued investment in AI by Thomson Reuters underlines its commitment to not only participating in the AI landscape but also shaping its application in high-stakes professional environments.
Why this story matters: The milestone indicates a significant acceptance of AI in professional sectors that require regulatory compliance.
Key takeaway: CoCounsel is positioned as a trusted AI solution for professionals, emphasizing accuracy and security.
Opposing viewpoint: Some may argue that reliance on AI in critical industries raises concerns about accountability and ethical use of technology.
