Software and data stocks plunge over fears that new AI developments will supplant software; ADBE fell 7.31%, CRM 6.85%, and Thomson Reuters 15.83% on Tuesday
From Legalzoom.com and Expedia to Ares and Apollo, shares of companies that sell or invest in software fell sharply on Tuesday
LexisNexis-owner Relx, Thomson Reuters, and other media and financial stocks fell 10%+ after Anthropic launched Claude Cowork tools that automate legal work
Shares in LexisNexis owner Relx fall 15% after new tools for Claude Cowork unveiled — Billions of pounds were wiped off the value …
Thomson Reuters wins the first major US AI copyright ruling against fair use, in a case filed in May 2020 against legal research AI startup Ross Intelligence
The Thomson Reuters decision has big implications for the battle between generative AI companies and rights holders.
Thomson Reuters acquires Michigan-based tax automation company SafeSend in an all-cash transaction valued at $600M
Thomson Reuters has acquired tax automation company SafeSend in an all-cash transaction valued at $600 million. — Founded in 2008, Ann Arbor, Michigan-based SafeSend serves …
Google Cloud announces deals, including with Moody's, Thomson Reuters, and ZoomInfo, to “ground” responses from its enterprise AI chatbots in real-world facts
- Now, Google is offering an additional option: using third-party data to help ground AI results.
Thomson Reuters CEO Steve Hasker says the group has $8B to spend on AI acquisitions and investments, to transform its businesses of supplying professional data
Media and data group will develop its own technology and scoop up targets with AI capabilities
Thomson Reuters acquires a 53.81% stake in Swedish e-invoicing provider Pagero, and raises the buyout offer by 25% to $789M, seeking to ward off rival bids
Gokul Pisharody / Reuters :
A profile of Hank Asher, the “father of data fusion” who died in 2013 after initiating a vast shift in privacy norms through his data mining software companies
McKenzie Funk / New York Times : X: @fighto , @badassdogooder , @wolfiechristl , and @mckenziefunk X: Paul Shapiro / @fighto : An absolutely insane story. Should be made into a movie. https://www.nyt...
Thomson Reuters agrees to acquire YC-backed Casetext, which builds AI-powered workflows and tools for lawyers, for $650M in cash, expected to close in H2 2023
Thomson Reuters has entered into a definitive agreement to acquire Casetext, a Y Combinator-backed legal tech startup.
A book excerpt details how companies like RELX and Thomson Reuters collect and sell user data, exploiting a lack of privacy laws as regulators focus on Big Tech
Sarah Lamdan / Wired :