AI Index / Thomson Reuters Corporation
Thomson Reuters Corporation (TRI)
Global content and technology giant Thomson Reuters has multiple generative AI capabilities, like CoCounsel Drafting and Checkpoint Edge with CoCounsel. Additionally, the Thomson Reuters Ventures fund focuses on emerging technologies like AI, with substantial investments in related start-ups.
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Interest in our Generative AI offerings remains strong with Westlaw Precision and CoCounsel momentum continuing.
- Steve Hasker
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Quotes from thomson-reuters Executives About Artificial Intelligence and Generative AI
Our investments in AI are now running at more than $200 million annualized, which is a pace we expect to continue over the next few years and is incorporated within our 2024 to 2026 financial framework.
- Steve Hasker
In addition to our organic efforts, we have made two small but strategically important inorganic investments that reflect our continued confidence in the Generative AI opportunity. The acquisitions of Safe Sign Technologies and Materia bring key talent and accelerate our Generative AI roadmap.
- Steve Hasker
...Reuters News organic revenues rose 8%, driven by additional Generative AI-related transactional content licensing revenue...
- Steve Hasker
...it is worth noting that there is also a growing recurring revenue component to these contracts for the use of our Reuters News content in AI applications beyond model training.
- Steve Hasker
...the launch of CoCounsel 2.0, which I will discuss in a few minutes. We remain focused on driving innovation across our portfolio and markets, particularly as it relates to AI.
- Steve Hasker
In August, we introduced CoCounsel 2.0, a major upgrade to the CoCounsel AI Assistant... includes a highly requested document comparison tool...
- Steve Hasker
We believe Materia will meaningfully accelerate our AI roadmap in the Tax & Accounting and audit spaces.
- Steve Hasker
Safe Sign is developing legal-specific language models that in the future could bring performance and/or cost benefits to our GenAI offerings.
- Mike Eastwood