The Importance of Professional-Grade Generative AI in Regulated Sectors

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Professionals in highly regulated sectors including legal, tax and accounting, risk and fraud, and government regard generative AI with both optimism and caution.

Given the technology’s tremendous potential to boost efficiency, free up time for higher-level tasks, and spur innovation, nearly half of respondents to a survey published in Thomson Reuters Institute’s latest Generative AI in Professional Services report say they’re “hopeful” or “excited” about implementing GenAI.

Despite such promise, GenAI isn’t widespread in these sectors,…

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