“Harvey’s AI solution marks a huge shift in the way that tax and legal services will be delivered and consumed across the industry,” said Carol Stubbings, global tax and legal leader at PwC UK.
Harvey is built on OpenAI and ChatGPT technology and is backed by the OpenAI Startup Fund.
The technology, based on large language models, is particularly suited for those who have to create and analyse large amounts of text.
Other professional services firms have been dipping their toes into using AI to expedite tasks. Allen & Overy recently became the first in the Magic Circle, as the London-based law firms working on top City deals are known, to announce a chatbot to help lawyers draft contracts and client memos.