FiscalNote Launches “FiscalNoteGPT”, a Generative AI System Built Specifically for the Policy and Regulatory Industry
08 Agosto 2023 - 8:01AM
Business Wire
Company Introduces a Proprietary, First of
its Kind, AI Platform for Informing and Empowering
Customers
FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote”), a leading
AI-driven enterprise SaaS technology provider of policy and global
intelligence, today announced the launch of FiscalNoteGPT, the
first proprietary platform incorporating generative AI and large
language model (LLM) capabilities customized for legislative,
regulatory, and policy workflows. This large language model has
been specifically adapted to a wide range of legal and regulatory
data to support a diverse set of natural language processing (NLP)
tasks within the legal and regulatory industry.
FiscalNoteGPT leverages FiscalNote’s proprietary legal,
regulatory, and policy intelligence, processes it using the most
powerful large language models and AI technology from industry
leaders such as OpenAI, and applies FiscalNote’s long standing
expertise in AI and data collection, normalization, and curation in
order to provide users with a reliable, trusted, and secure product
experience customized to meet the specific needs of the legal,
policy, and regulatory domain. With the launch of FiscalNoteGPT,
the Company advances its technology and market leadership in the
legal and regulatory data industry by creating the world’s most
comprehensive and reliable policy, legal, and regulatory
AI-assistant.
Among its initial capabilities, FiscalNoteGPT assists customers
by identifying pressing policy and regulatory concerns, generating
new insights and recommendations, summarizing timely and relevant
issues, and finding pertinent answers and information from
FiscalNote’s proprietary databases, consisting of thousands of
trusted internal and external sources which form the basis of
FiscalNote’s award-winning, incisive, and actionable content.
FiscalNote plans to incorporate FiscalNoteGPT into its continuous
innovation roadmap to support customers and deliver new AI-driven
capabilities in its workflow and data solutions.
“With this groundbreaking new release, we continue to push the
boundaries of AI innovation in a way that benefits both FiscalNote
and the industry,” said Josh Resnik, President and Chief Operating
Officer of FiscalNote. “No one is in a more unique position to do
so than FiscalNote, given our 10 years of leadership in applying AI
to a broad array of proprietary and external data and information
in the regulatory and policy domain. What also sets FiscalNoteGPT
apart as a clear, competitive differentiator are our proprietary
databases, consisting of thousands of trusted internal and external
sources, which means our customers can engage with confidence to
help guide and inform their decisions and results.”
Despite major advances in AI and the use of LLMs in the
technology industry, further domain-specific systems are needed to
advance the use case of these models into industry domains.
FiscalNote has developed a domain-specific approach in
FiscalNoteGPT to address the unique complexity that exists in the
legal and regulatory world and believes that, as it further
develops FiscalNoteGPT, it will become critical for customers
across the legal, policy and regulatory industry. To that end, the
Company plans to leverage the system for key partnerships with
other legal and regulatory data and software companies and new
revenue streams via APIs, benefitting the broader industry by
unlocking the full power of the Company's data and AI.
FiscalNoteGPT was built leveraging the decade-long investment in
AI, ML, and NLP in the legal industry, drawing on the Company's
existing operations in data ingestion, collection, cleansing, and
curation. FiscalNoteGPT represents a major advancement to leverage
FiscalNote’s domain-specific datasets to adapt an LLM for the legal
and regulatory domain.
FiscalNoteGPT is currently being trialed by a select group of
FiscalNote customers before being deployed more broadly later this
year.
In addition, FiscalNote is continuing its previously-announced
collaborations with OpenAI, Google, and Microsoft which provide
select legal, political, and regulatory data and information for
users of those platforms.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leader in policy and global
intelligence. By uniquely combining data, technology, and insights,
FiscalNote empowers customers to manage political and business
risk. Since 2013, FiscalNote has pioneered technology that delivers
critical insights and the tools to turn them into action. Home to
CQ, FrontierView, Oxford Analytica, VoterVoice, and many other
industry-leading brands, FiscalNote serves approximately 5,000
customers worldwide with global offices in North America, Europe,
Asia, and Australia. To learn more about FiscalNote and its family
of brands, visit FiscalNote.com and follow @FiscalNote.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808820833/en/
Media Nicholas Graham FiscalNote press@fiscalnote.com
Investors Sara Buda FiscalNote IR@fiscalnote.com
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