Harvey CEO says company's AI token use hit 12 trillion in May
Harvey CEO Winston Weinberg said monthly AI token use rose from 1 trillion in January to an estimated 12 trillion in May.Summary
Harvey CEO Winston Weinberg said the legal AI startup used 1 trillion AI tokens in January and was on pace to use 12 trillion to 13 trillion tokens in May, a figure a company spokesperson confirmed to Business Insider. Harvey, which serves law firms and corporate legal teams with tools for drafting, reviewing, and analyzing documents, has seen monthly token usage grow roughly twelvefold. Tokens are units of text processed by AI models and are often used to measure AI usage and costs. Weinberg said the rapid increase is making companies think harder about where advanced AI is worth the expense, warning that frontier models are too costly for every task. He compared the issue to law firm billable hours, saying businesses will increasingly need to justify large AI spending by showing measurable return on investment.
(Source：Business Insider)