Thomson Reuters launches new AI tools for legal professionals [Video]

Thomson Reuters (TR) recently released new artificial intelligence (AI) solutions for legal professionals to draft contracts or briefs and research complex legal topics more efficiently.

David Wong, chief product officer at Thomson Reuters, told FOX Business in an interview that the two main areas where the company’s tools help customers are finding information in specific professional databases and generating content that’s tailored to the task at hand.

“As we’ve seen, generative AI is really good at information retrieval, so almost all the really kind of mind-blowing use cases we’ve seen with ChatGPT and things like that are about synthesizing and pulling information out from these databases, often the web — but for us it’s the proprietary content and databases that we have,” Wong said.

“A lot of our software tools are built around either creating a draft of a contract, a brief, a tax return,” he added. “They’re all essentially written work product and, of course, generative AI is also very good …