Thomson Reuters is announcing their upcoming tax launch through their work with AWS for Checkpoint Edge with CoCounsel.
Tax firms and corporate tax professionals have rated technology companies as the primary influencers in regard to the future of GenAI. Thomson Reuters takes this responsibility seriously and hat developed a rigorous set of AI and data principles to ensure trustworthiness in its design, development, and deployment of AI in its solutions.
Thomson Reuters has developed Checkpoint Edge with CoCounsel using Amazon Bedrock to expand GenAI functionality within it's tax research for customers.
Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models from leading AI companies via a single API, along with a broad set of capabilities for building GenAI applications that meet the high Thomson Reuters standards for security, privacy, and responsible AI.
The use of Amazon Bedrock enabled the Thomson Reuters engineering team to accelerate AI model deployment time from days to hours. The solution is rooted in Thomson Reuters-verified databases to deliver reliable, accurate results, while keeping customer data private and secure.
Matt Wood, vice president of Artificial Intelligence Products, AWS said: “Generative AI has the potential to revolutionize industries, significantly enhancing operational and cost efficiency. By choosing Amazon Bedrock to build and scale generative AI applications like Checkpoint Edge with CoCounsel, Thomson Reuters can access leading foundation models and customize them using their proprietary data, with the confidence that this data is secure and private by default. We look forward to continuing our work with Thomson Reuters to support generative AI-powered tools that increase productivity and boost innovation.”
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Content within this feature has been adapted from source materials furnished by Dotted Line Communications on behalf of Thomson Reuters. Referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.
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