Lawyers Weekly Australia reports
Following news that Allen & Overy and PwC are utilising legal chatbot, “Harvey”, KPMG has become the latest big firm to use a custom tool to support its workers and help improve efficiency.
Editor’s note: This story first appeared on Lawyers Weekly’s sister brand, Accountants Daily.
KPMG has launched a proprietary version of ChatGPT that will be used as a digital assistant by employees to improve innovation and efficiency, it said.
KPMG chief digital officer John Munnelly said the tool was only the beginning of the firm’s use of artificial intelligence (AI) to create a better workplace.
“This proprietary solution will support the firm’s culture of innovation, boost efficiencies and create a better people experience,” said Mr Munnelly.
“The information provided will better enable cross-team collaboration and help those new to the firm with a more seamless and efficient people-navigation experience.”
The news follows reports from Lawyers Weekly that global firms Allen & Overy and PwC are using “Harvey”, an AI chatbot lawyer, here and here.
KPMG received access to the private version of the ChatGPT tool due to a partnership with Microsoft and has affectionately named it KymChat.
The firm said KymChat provided its employees access to the processing power of the fifth-largest supercomputer in the world through a digital assistant on their desktop and phone.
The benefit of KymChat was that it meant workers at KPMG could have access to ground-breaking technology such as ChatGPT, but without having client data leave the company.
“It’s early days, but we expect the KymChat model to rapidly improve as we add new data and train it to perform new tasks,” said Mr Munnelly.
“We’ll continually add new use cases — including some from an internal staff crowdsourcing exercise which has already generated over 60 ideas.”
“KymChat is just the start of KPMG’s AI journey, and in time will be one of many products within our broader AI strategy.”
The firm said uses for the AI tool would be focused on innovation and efficiency within the firm, while the tool would be directly integrated with Microsoft Teams with further features and capabilities planned.
The announcement comes after PwC revealed a partnership with AI start-up Harvey to provide its legal professionals exclusive access to the OpenAI-backed tool.
The company said Harvey would generate insights and recommendations based on large volumes of data to deliver greater information to employees so they could identify legal business strategies faster.
https://www.lawyersweekly.com.au/biglaw/36971-kpmg-unveils-internal-chatgpt-kymchat
Read the KPMG Press Release
KPMG Australia has hit a major milestone by launching a proprietary version of ChatGPT.
KPMG is one of only a handful of companies globally to be given access to develop a private version of the tool, thanks to a partnership with Microsoft.
The tool, dubbed KymChat, provides KPMG employees access to the processing power of the fifth largest supercomputer in the world through a digital assistant on their desktop and phone. KymChat will allow the firm’s employees to safely use the ground-breaking technology in the workplace without having client data leave the KPMG environment.
“This proprietary solution will support the firm’s culture of innovation, boost efficiencies and create a better people experience,” KPMG Chief Digital Officer John Munnelly said.
“The information provided will better enable cross-team collaboration and help those new to the firm with a more seamless and efficient people-navigation experience.”
In time, KymChat will allow KPMG to train its own AI model for specific purposes.
The initial use cases will be focused on innovation and efficiency within the firm. It will be directly integrated with Microsoft Teams, with further new features and capabilities planned.
“It’s early days, but we expect the KymChat model to rapidly improve as we add new data and train it to perform new tasks. We’ll continually add new use cases – including some from an internal staff crowd-sourcing exercise that has already generated over 60 ideas,” Mr Munnelly said.
“KymChat is just the start of KPMG’s AI journey, and in time will be one of many products within our broader AI strategy.”
The announcement comes after OpenAI last week announced the creation of its new and improved GPT-4, which it says displays a “human-level performance” on various professional and academic benchmarks.
