Harvey AI, a fast-growing legal startup, is in advanced talks to raise over $250M in a new round of funding at a valuation of $5B, sources familiar with the matter told Reuters, Anna Tong and Krystal Hu report. The funding round would mark a significant leap in Harvey’s valuation from $3B in just a few months. The startup, which began by partnering with Microsoft (MSFT)-backed OpenAI to build a custom-trained model for legal professionals, announced this week that it expanded its offerings by adding foundation models from Anthropic and Google (GOOGL) to its platform, the report notes.
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