Latest news with #ChatGPTEnterprise
Yahoo
5 days ago
- Business
- Yahoo
LegalOn secures $50m to expand AI
AI contract review tool provider LegalOn Technologies has secured $50m in a Series E funding round, increasing its total capital raised to $200m. The round was led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investor World Innovation Lab. New investors in this round included Mori Hamada, Mizuho Bank, and Shoko Chukin. The funding will be utilised to enhance LegalOn's AI product development and market strategies. It will particularly focus on the US and the UK, where the company has recorded significant growth over the past year. LegalOn's AI-driven contract review tool, Review, aims to address inefficiencies in the contracting process by identifying risks and suggesting revisions based on attorney-developed playbooks and each organisation's legal standards. This tool reportedly reduces contract review time by up to 85%. LegalOn claims that its software is currently used by 7,000 organisations, marking a 40% increase from the previous year. In Japan, the company continues to extend its market leadership, serving 25% of the nation's public companies and 87% of its Fortune 500, including 40 global Fortune 500 firms. LegalOn Global CEO Daniel Lewis said: 'Legal teams are buried in time-consuming work that slows them and their businesses down. This funding helps us build and scale AI that eliminates tedious contracting work, streamlining workflows and freeing people to think, decide and lead." Recently, LegalOn announced enhancements to its legal AI tools and expansion into matter management. The company plans to release new AI agents and products this year to help legal teams manage work from request to resolution. In addition, LegalOn has formed a strategic collaboration with ChatGPT maker OpenAI. The partnership aims to transform corporate legal workflows by integrating OpenAI's ChatGPT Enterprise and API with LegalOn's legal domain expertise and proprietary data. This collaboration grants LegalOn access to OpenAI's advanced models, facilitating faster product development. Engineers from both companies are working together to develop advanced legal AI agents, designed to be more adaptable and intuitive, addressing the complex needs of legal teams worldwide. "LegalOn secures $50m to expand AI" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Finextra
6 days ago
- Business
- Finextra
Zafin integrates ChatGPT Enterprise
Zafin, the strategic platform partner that banks trust to accelerate innovation and deliver transformative customer value, is collaborating with OpenAI to apply ChatGPT Enterprise across its product development and delivery operations. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. By embedding AI into how its teams work and investing in training and enablement, Zafin is driving greater development velocity improving product quality, and strengthening its ability to support banks with precision. Banks today face mounting pressure from outdated infrastructure, nimble digital challengers, and evolving customer expectations. To help them deliver personalized products and services at speed, Zafin is scaling platform capabilities and empowering its teams to build with sharper focus and efficiency. OpenAI was selected not only for its technical leadership, but because its approach to human–AI collaboration aligns closely with Zafin's own AI principles. Together, the two companies are shaping how intelligent systems and human expertise can work in concert—accelerating innovation while maintaining the trust, control, and precision that banks demand. 'Innovation at Zafin is rooted in solving the toughest challenges banks face in delivering personalized experiences and dynamic pricing at scale,' said Branavan Selvasingham, Head of AI and Engineering at Zafin. 'By integrating Enterprise ChatGPT into our internal processes, we're accelerating how we develop, design and deliver products and capabilities that help banks respond to customer needs with speed and precision. Our teams are using AI to streamline ideation, reduce complexity, and enhance decision-making as our clients push for growth and efficiency.' 'Zafin is a great example of how companies are using ChatGPT to transform how teams work," said James Dyett, Head of Enterprise and Strategic Sales at OpenAI. "By embedding ChatGPT into their product development and delivery workflows, they're accelerating innovation and creating more value for their customers across the banking sector." Zafin is embracing generative AI not as a tool, but as a capability embedded across the organization, one that creates a strategic edge for both its teams and clients. By applying OpenAI's models through ChatGPT Enterprise across internal workflows from prototyping and documentation to enablement and collaboration, Zafin is reducing manual cycles, and freeing up teams to focus on high-impact innovation. What began as a clear vision to make teams 'superhuman' has become a core part of how Zafin builds, supported by strong adoption and a sustained focus on responsible scaling. Zafin's current and emerging AI initiatives span three strategic areas: • Collaboration enablement: powering documentation, cross-functional knowledge sharing, secure research workflows, and intelligent interfaces • Platform delivery acceleration: embedding AI across product design, QA, and solution delivery to shorten handoffs and raise quality • Future development: building agent teams and secure connectors that operate as teammates across the platform—developed using OpenAI SDKs and governed by enterprise standards All AI initiatives at Zafin are governed by a comprehensive responsible AI governance framework, supported by human-in-the-loop oversight and rigorous model risk management protocols. AI automation and human judgment are combined to ensure outcomes are explainable, auditable, and aligned with client needs. Early results show measurable gains in development timelines, QA cycles, and documentation delivery, bringing new capabilities to market faster and enabling Zafin to serve clients with greater agility.
Business Wire
6 days ago
- Business
- Business Wire
Zafin Integrates ChatGPT Enterprise to Accelerate Platform Development and Help Banks Compete
TORONTO--(BUSINESS WIRE)--Zafin, the strategic platform partner that banks trust to accelerate innovation and deliver transformative customer value, is collaborating with OpenAI to apply ChatGPT Enterprise across its product development and delivery operations. By embedding AI into how its teams work and investing in training and enablement, Zafin is driving greater development velocity improving product quality, and strengthening its ability to support banks with precision. 'By integrating Enterprise ChatGPT into our internal processes, we're accelerating how we develop, design and deliver products and capabilities that help banks respond to customer needs with speed and precision." Share Banks today face mounting pressure from outdated infrastructure, nimble digital challengers, and evolving customer expectations. To help them deliver personalized products and services at speed, Zafin is scaling platform capabilities and empowering its teams to build with sharper focus and efficiency. OpenAI was selected not only for its technical leadership, but because its approach to human–AI collaboration aligns closely with Zafin's own AI principles. Together, the two companies are shaping how intelligent systems and human expertise can work in concert—accelerating innovation while maintaining the trust, control, and precision that banks demand. 'Innovation at Zafin is rooted in solving the toughest challenges banks face in delivering personalized experiences and dynamic pricing at scale,' said Branavan Selvasingham, Head of AI and Engineering at Zafin. 'By integrating Enterprise ChatGPT into our internal processes, we're accelerating how we develop, design and deliver products and capabilities that help banks respond to customer needs with speed and precision. Our teams are using AI to streamline ideation, reduce complexity, and enhance decision-making as our clients push for growth and efficiency.' 'Zafin is a great example of how companies are using ChatGPT to transform how teams work," said James Dyett, Head of Enterprise and Strategic Sales at OpenAI. "By embedding ChatGPT into their product development and delivery workflows, they're accelerating innovation and creating more value for their customers across the banking sector." Zafin is embracing generative AI not as a tool, but as a capability embedded across the organization, one that creates a strategic edge for both its teams and clients. By applying OpenAI's models through ChatGPT Enterprise across internal workflows from prototyping and documentation to enablement and collaboration, Zafin is reducing manual cycles, and freeing up teams to focus on high-impact innovation. What began as a clear vision to make teams 'superhuman' has become a core part of how Zafin builds, supported by strong adoption and a sustained focus on responsible scaling. Zafin's current and emerging AI initiatives span three strategic areas: Collaboration enablement: powering documentation, cross-functional knowledge sharing, secure research workflows, and intelligent interfaces Platform delivery acceleration: embedding AI across product design, QA, and solution delivery to shorten handoffs and raise quality Future development: building agent teams and secure connectors that operate as teammates across the platform—developed using OpenAI SDKs and governed by enterprise standards All AI initiatives at Zafin are governed by a comprehensive responsible AI governance framework, supported by human-in-the-loop oversight and rigorous model risk management protocols. AI automation and human judgment are combined to ensure outcomes are explainable, auditable, and aligned with client needs. Early results show measurable gains in development timelines, QA cycles, and documentation delivery, bringing new capabilities to market faster and enabling Zafin to serve clients with greater agility. Learn more about AI at Zafin. About Zafin Zafin is the strategic platform partner that banks trust to accelerate innovation, unlock sustainable growth, and deliver personalized customer value—without disrupting core systems. Headquartered in Vancouver, Canada, and serving banks across North America, EMEA, and Asia-Pacific, Zafin helps financial institutions modernize intelligently by decoupling product innovation from legacy infrastructure and orchestrating value across the banking lifecycle. At the heart of Zafin is an AI-powered, modular platform purpose-built for banking. It enables banks to unify data, simplify product and pricing strategies, automate deal execution, and optimize customer relationships. Zafin works with top-tier global institutions as well as regional and mid-market banks, delivering measurable outcomes including increased speed to market, reduced operational complexity, enhanced compliance, and stronger customer engagement. To learn more, visit connect with us on LinkedIn, engage with our expert discussions on YouTube, or read our insights on the Zafin blog. 'Zafin' is a trademark of Zafin. Other product or service names mentioned herein may be trademarks of their respective companies.
Scoop
6 days ago
- Business
- Scoop
Air New Zealand Enters New Era Of AI Adoption With OpenAI In A New Zealand First
Air New Zealand is working with OpenAI in a first-of-its-kind collaboration in Aotearoa to expand the use of artificial intelligence (AI) across the airline, aiming to boost efficiency and enhance customer outcomes. The national carrier is part of a group of early OpenAI customers in Asia Pacific that will collaborate with the AI leader at the forefront of enterprise AI adoption. As part of the collaboration, Air New Zealand will gain direct access to OpenAI technologies to develop and apply use cases, and equip its people across corporate roles with secure, enterprise-grade AI tools. Early areas of exploration include improving customer self-service experiences and enabling safe, responsible integrated planning across airline maintenance and operations. Air New Zealand is also looking into how data-driven insights can help employees make more informed operational decisions. The agreement gives Companion AI – Air New Zealand's deployment of ChatGPT Enterprise – to all 3,500 corporate team members across the airline. Additionally, Air New Zealand will also invest in developing innovative new solutions using OpenAI APIs to enhance both customer and employee experiences with Generative AI. Implementation of OpenAI's technology is already underway, driving smarter, faster decisions and creating lasting value for the Air New Zealand team and its customers. Air New Zealand Chief Digital Officer Nikhil Ravishankar says the collaboration marks a major milestone in the airline's digital journey. 'We see AI as an opportunity for our team at Air New Zealand and a way to improve experiences for our customers. It helps us solve problems faster, serve our customers better, and reimagine how work gets done. By working directly with OpenAI, we not only access leading-edge technology but we also shape how it's used in the real world. 'This collaboration represents more than just access to new tools – it's a commitment to staying at the forefront of innovation and giving our people the best technology to thrive. We're excited to see how AI will transform the way we work.' 'Air New Zealand is taking meaningful steps to bring AI across key parts of its business using OpenAI's technology. We have been particularly impressed with how quickly they have built over 1,500 Custom GPTs to introduce efficiencies to internal focus on innovation and responsibility shows how the aviation sector can adopt advanced tools in practical ways that deliver value for both employees and customers', Oliver Jay, Managing Director of International at OpenAI, added. A Custom GPT in ChatGPT allows anyone – developers, teams, or enterprises – to create tailored AI assistants using GPT models. It enables users to define the AI's personality, tone, and specialised knowledge base, and integrate proprietary data or workflows. This makes it possible to build AI solutions for specific industries, company needs, or creative applications without requiring advanced coding expertise. Throughout this journey, Air New Zealand remains deeply committed to the responsible and ethical use of AI, ensuring that innovation is aligned with strong governance, transparency, and care for customers and employees.
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First Post
18-07-2025
- Business
- First Post
What is the new ChatGPT Agent that can ‘control' your computer?
ChatGPT Agent is OpenAI's latest Artificial Intelligence tool. The tech firm helmed by Sam Altman claims that ChatGPT Agent goes far beyond being a mere chatbot and uses its own virtual computer to 'think' and 'act'. ChatGPT Agent became available on Thursday (July 17) for subscribers of OpenAI's Pro, Plus, and Team plans. Here's what we know about it read more The software, known as ChatGPT Agent, can undertake a wide variety of computer-based tasks for users. OpenAI has launched a new software for ChatGPT. The software, known as ChatGPT Agent, can undertake a wide variety of computer-based tasks for users. ChatGPT Agent became available on Thursday for subscribers of OpenAI's Pro, Plus, and Team plans. Users simply have to choose 'agent mode' in ChatGPT's dropdown menu to activate it. But what is it? What do we know about it? How does it work? Why is it significant? What is it? OpenAI, which is helmed by Sam Altman, claims that ChatGPT Agent goes far beyond being a mere chatbot. STORY CONTINUES BELOW THIS AD The company says that ChatGPT Agent uses its own virtual computer to 'think' and 'act'. It essentially functions like a personal assistant to which you can delegate tasks. This includes executing code, going to websites, managing your calendar, making meal plans, creating presentations and spreadsheets, and summarising meetings. The company says users can interact with ChatGPT Agent in a 'natural language'. The company in its blog said users can issue commands such as 'look at my calendar and brief me on upcoming client meetings based on recent news' or 'plan and buy ingredients to make Japanese breakfast for four'. ChatGPT Pro subscribers will be allowed 400 queries per month. Meanwhile, ChatGPT Team/Plus users will receive 40 queries per month. Distressing news and traumatic stories can cause stress and ChatGPT Agent uses its own virtual computer to 'think' and 'act'. It will available to ChatGPT Enterprise and Education users later this year. Interestingly, the brains behind ChatGPT agent is an Indian. He is currently in charge of the team behind ChatGPT Agent, Kumar and Isa Fulford, the research lead on ChatGPT Agent, unveiled the software in a demonstration with The Verge. Kumar and Fulford in the demonstration asked ChatGPT Agent to plan a date night for a couple. STORY CONTINUES BELOW THIS AD They also requested that ChatGPT Agent write a research report on Labubus and compare their ascendancy with Beanie Babies. This includes the web browser tool Operator and Deep Research, an analysis tool which can take information from different websites and write a research report. Open AI had described Operator as 'an agent that can go to the web to perform tasks for you'. The model behind ChatGPT Agent, which does not have a name, was trained through reinforcement learning – which is the standard technique for all OpenAI's reasoning models. OpenAI says the model delivers state-of-the-art performance on several benchmarks, according to OpenAI. This includes Humanity's Last Exam in which it scored 41.6 per cent – which is around double of what OpenAI's o3 and o4-mini got on the test. When it comes to the toughest maths tests, OpenAI said ChatGPT Agent hit 27.4 per cent using a terminal that allows it to execute code. STORY CONTINUES BELOW THIS AD The o4-mini, meanwhile, which was considered the top scorer on FrontierMath, netted a mere 6.3 per cent. The company combined teams from both Operator and Deep Research to work on ChatGPT Agent. The team comprised between 20 and 35 people. Why is it significant? Because until now, all the AI chatbots have simply sought to answer questions from users. OpenAI is taking things a step further than its rivals by making ChatGPT Agent more of a personal assistant. Countries and companies across the world are currently in an AI arms race. DeepSeek, a previously little-known Chinese firm, shook up Wall Street and Silicon Valley earlier this year. The Trump administration has vowed to spend $500 billion in the AI race in a project it has dubbed 'Stargate'. OpenAI says users can even instruct ChatGPT Agent while the task is unfolding. 'Likewise, ChatGPT itself may proactively seek additional details from you when needed to ensure the task remains aligned with your goals. If a task takes longer than anticipated or feels stuck, you can pause it, ask it for a progress summary, or stop it entirely and receive partial results. If you have the ChatGPT app on your phone, it will send you a notification when it's done with your task,' says OpenAI in its blog post. STORY CONTINUES BELOW THIS AD However, the team behind the software warns that ChatGPT Agent is still a bit slow – relatively speaking of course. 'Even if it takes 15 minutes, half an hour, it's quite a big speed-up compared to how long it would take you to do it,' Fulford told The Verge. 'It's one of those things where you can kick something off in the background and then come back to it.' OpenAI CEO Sam Altman took to social media to tout ChatGPT Agent's potential. Fulford told Wired she asked ChatGPT agent to order cupcakes for her. 'I was very specific about what I wanted, and it was a lot of cupcakes,' she says. 'That one took almost an hour—but it was easier than me doing it myself, because I didn't want to do it.' For those who worry, ChatGPT Agent also asks for user permission before doing important things such as sending an email or making a booking. The firm has said that it has built many protections into ChatGPT Agent. STORY CONTINUES BELOW THIS AD This includes refusing to work on 'high-risk' tasks such as bank transfers. 'We have built a lot of safeguards and warnings into it, and broader mitigations than we've ever developed before from robust training to system safeguards to user controls, but we can't anticipate everything. In the spirit of iterative deployment, we are going to warn users heavily and give users freedom to take actions carefully if they want to,' Altman said. He recommended that users refrain from giving ChatGPT Agent too much personal information. 'We recommend giving agents the minimum access required to complete a task to reduce privacy and security risks,' he added. Still, Altman took to social media to tout ChatGPT Agent's potential. 'Agent represents a new level of capability for AI systems and can accomplish some remarkable, complex tasks for you using its own computer. It combines the spirit of Deep Research and Operator, but is more powerful than that may sound—it can think for a long time, use some tools, think some more, take some actions, think some more, etc,' Altman wrote on X. STORY CONTINUES BELOW THIS AD 'For example, we showed a demo in our launch of preparing for a friend's wedding: buying an outfit, booking travel, choosing a gift, etc. We also showed an example of analysing data and creating a presentation for work,' he added. With inputs from agencies
