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On September 22, it was reported that Harvey, a legal tech startup with an estimated valuation of US$15.6 billion, previously provided professional services for lawyers based on training AI models such as OpenAI's GPT-4. However, the recent substantial increase in AI costs has led the company to reevaluate its reliance on AI giants. According to sources familiar with the matter, after Harvey updated its AI agent system in March, customer usage increased significantly, but the gross profit margin plummeted from around 50% at the beginning of the year to -50% in June. Currently, Harvey has joined the ranks of a growing number of software companies adopting 'open-weight AI.' These products are generally less expensive than the proprietary technologies of US AI developers and allow companies like Harvey to use their own data to create customized models.
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