Thomson Reuters CoCounsel and Microsoft Copilot
for Microsoft 365 will provide professionals with an improved AI
experience - taking GenAI assistant know-how to the next level.
As previewed at the Microsoft Build 2024
Keynote – watch here
TORONTO, May 21, 2024
/PRNewswire/ -- Thomson Reuters (TSX/NYSE: TRI), a global
content and technology company, today brought to life the combined
power of Thomson Reuters CoCounsel, its professional-grade AI
Assistant with deep subject-matter expertise, with Microsoft
Copilot, Microsoft's AI companion.
In a major leap forward in its collaboration with Microsoft,
Thomson Reuters today showcased, in an on-stage demo during the
Microsoft Build 2024 keynote, how CoCounsel, working in Microsoft
365 and leveraging Copilot extensions, will complete complex work
that used to take days and hours, in seconds, at a click of a
button. All right where work happens.
Taking GenAI assistant know-how to the next level – the power of
CoCounsel and Copilot will provide professionals with an
unparalleled AI experience. With access to organizational insights
and data, combined with CoCounsel's trusted content, and actioned
with Copilot's knowledge of how and where professionals work – in
Microsoft Word, Microsoft SharePoint, Microsoft Outlook or
Microsoft Teams – this new tool will provide Thomson Reuters and
Microsoft's shared customers with a personalized AI experience that
saves effort, reduces risk, and simplifies compliance.
Commenting, Kriti Sharma, chief product officer, LegalTech at
Thomson Reuters said, "Our customers are facing greater than
ever complexity, with high stakes and high-effort tasks.
Through the power of CoCounsel combined with Microsoft Copilot
for Microsoft 365, professionals will unlock the power of Thomson
Reuters trusted content and AI, combined with their own
organizational insights and data, all in a personalized and
elevated AI experience right in Microsoft's environment - enjoying
the benefits of saved time and effort with reduced
risk."
Sharma added "Our work with Microsoft demonstrates our
commitment to offering our customers choice – the choice to use
human-centric tools which suit them best, including those embedded
where they already work. We are also focused
on bringing this technology to our products in the
right way – which means as quickly as possible while still giving
our customers answers they can trust."
Today's demonstration represents another milestone in Thomson
Reuters vision to provide every professional it serves with a GenAI
Assistant. CoCounsel is rooted in the company's trusted
content, with applications across legal, tax, risk &
fraud and media. CoCounsel is an AI assistant that
acts like a team member – handling complex tasks with natural
language understanding.
Srini Raghavan, vice president,
Microsoft Teams Ecosystem at Microsoft added, "We are committed
to extending Microsoft Copilot to enable new functionalities for
our customers. By integrating Microsoft Copilot with Thomson
Reuters extensive legal content and AI through CoCounsel— their
innovative AI assistant— we are pleased to give professionals
the ability to seamlessly access both proprietary and
public content directly within their workflow to expedite
regulatory compliance tasks."
The on-stage demo of CoCounsel and Copilot today focused on a
legal use case showcasing how a busy general counsel's office,
collaborating with their law firm, responds to a new regulation
designed to tackle forced labor in supply chains. The legal, risk
and compliance use case is one of many professional applications of
this powerful tool that will save time and effort and reduce risk.
It shows how CoCounsel, leveraging a Copilot extension in Microsoft
365, will help solve for the challenge of regulatory compliance in
a fraction of the time compared to doing the work manually. This
happens in Outlook, Word, Teams, SharePoint– wherever work happens
– and brings insights from Thomson Reuters products - with no need
to navigate to a separate application.
- With just one click, users prompt CoCounsel and Copilot to
work together to read an email and prepare recommended actions
across legal, risk and compliance teams.
- CoCounsel, leveraging its Copilot extension, will analyse the
customer's own content combined with Thomson Reuters proprietary
content and provide trusted answers.
- Work will then happen in the app customers are working within,
making work product recommendations for the user to review, revise
and action – infusing insights from everyday work - such as
meetings and colleague interactions.
- CoCounsel will bring the team together in the Microsoft 365
environment and, along with human oversight, complete work that
used to take days, in seconds.
This functionality is underpinned by the trust and privacy
customers have come to expect from both Microsoft and Thomson
Reuters.
Watch the demo here.
Thomson Reuters continues to deliver on its vision for a single
professional-grade AI assistant, with additional new skills and
products such as CoCounsel Drafting – now in presale and
expected to hit the market this coming July. With CoCounsel
Drafting, customers can easily find the best starting point to
draft various types of legal content, such as contracts, internal
playbooks, etc. and correct common writing errors, by using AI to
refine and review documents to produce better quality work -
without ever leaving Microsoft Word.
Thomson Reuters
Thomson Reuters (NYSE / TSX: TRI) ("TR") informs the way forward
by bringing together the trusted content and technology that people
and organizations need to make the right decisions. The company
serves professionals across legal, tax, accounting, compliance,
government, and media. Its products combine highly specialized
software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and
to help institutions in their pursuit of justice, truth, and
transparency. Reuters, part of Thomson Reuters, is a world leading
provider of trusted journalism and news. For more information,
visit tr.com.
Media contact:
Lindsay
Bomar, Senior Director, Media and
Operations
Lindsay.bomar@thomsonreuters.com
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL
RISKS AND MATERIAL ASSUMPTIONS. Certain statements in this
news release are forward-looking, including, but not limited to,
statements regarding a collaboration with Microsoft
CoPilot for Microsoft 365 and the
company's strategic priorities, initiatives and opportunities.
The words "expect", "believe" and similar expressions identify
forward-looking statements. While the company believes that it has
a reasonable basis for making forward-looking statements in this
news release, they are not a guarantee of future performance or
outcomes and there is no assurance that any of the other events
described in any forward-looking statement will materialize.
Forward-looking statements are subject to a number of risks,
uncertainties and assumptions that could cause actual results or
events to differ materially from current expectations. Many of
these risks, uncertainties and assumptions are beyond our company's
control and the effects of them can be difficult to predict. You
are cautioned not to place undue reliance on forward-looking
statements which reflect expectations only as of the date of this
news release. Except as may be required by applicable law, Thomson
Reuters disclaims any obligation to update or revise any
forward-looking statements.
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SOURCE Thomson Reuters