Thomson Reuters Unveils CoCounsel 2.0; Supercharged GenAI Assistant Combines the Power of Google Cloud AI, OpenAI, and Thomson Reuters

Core Insights - Thomson Reuters has launched CoCounsel 2.0, a next-generation professional-grade GenAI assistant designed to enhance workflow efficiency across various industries, particularly in legal professions [2][3] - CoCounsel 2.0 operates three times faster than its predecessor, providing answers in seconds and improving the intuitive understanding of user communication [4][5] - The assistant is expected to free up 12 hours per week for professionals within the next five years, significantly transforming workflow dynamics [3] Product Features - CoCounsel 2.0 combines the strengths of leading large language models (LLMs) from OpenAI, Google, and Thomson Reuters, optimizing performance and accuracy [2][8] - It includes new capabilities such as Claims Explorer for simplified claims research and CoCounsel Drafting, which accelerates drafting processes by up to 50% [5][6] - The assistant can compare multiple documents point-by-point, providing detailed results with source citations, enabled by advancements in LLM technology [7] Integration and Accessibility - CoCounsel 2.0 will be accessible within Thomson Reuters products like Westlaw Precision and Practical Law, as well as Microsoft 365 applications including Word, Teams, and Outlook [4] - It supports server-to-server integrations with data storage solutions such as iManage, NetDocuments, and SharePoint, allowing direct access to customer documents [4] Technological Foundation - The assistant is built on the Thomson Reuters Generative AI Platform, which facilitates continuous updates and improvements, ensuring users have access to the latest technology [9] - The company employs a team of over 1,000 data scientists and AI experts to drive innovation and maintain high standards in product development [9] Strategic Vision - Thomson Reuters aims to ensure customers can quickly and safely realize the value of generational technology, positioning CoCounsel 2.0 as a key component in evolving business practices [4] - The integration of multiple LLMs is part of the company's strategy to enhance user experience and deliver optimal performance [8]