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Wednesday, February 21, 2024

PwC follows A&O and allies with Harvey

PwC has announced, after Allen & Overy´s announcement in February, its alliance with AI company backed by OpenAI’s startup fund Harvey, providing PwC’s Tax & Legal Services (TLS) professionals worldwide access to the game-changing AI platform

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After the announcement in February that Allen & Overy (A&O) had broken new ground by integrating Harvey, having been trialling Harvey (based on GPT-4) in beta since November 2022, today PwC announced a global alliance with the artificial intelligence (AI) startup, providing PwC’s Tax & Legal Services (TLS) professionals worldwide access to the game-changing AI platform.

Harvey, which is backed by the OpenAI Startup Fund, is built on OpenAI and Chat GPT technology. It is a platform that uses natural language processing, machine learning and data analytics to enhance various aspects of legal work; PwC will also be developing use cases for tax. While all outputs will be overseen and reviewed by PwC professionals, Harvey will help generate insights, recommendations and predictions based on large volumes of data, delivering richer information and solutions faster.

Harvey will give PwC’s TLS professionals across 100+ countries access to leading generative AI technology. This will immediately give PwC’s 4,000 legal professionals in Legal Business Solutions the ability to deliver human led and technology enabled legal solutions in a range of areas, including contract analysis, regulatory compliance, claims management, due diligence and broader legal advisory and legal consulting services

PwC’s access to the technology (exclusive among the Big Four) will be used to support many of PwC’s global clients.

Harvey is a generative AI company backed by OpenAI’s startup fund. We partner with elite law firms and legal service providers to augment their legal expertise with cutting edge AI. Together, we tackle the world’s most complex legal challenges.

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