Thomson Reuters Corp. is in talks with artificial intelligence generation suppliers regarding content authorization for news and data institutions, and may reach an agreement similar to Axel Springer SE and OpenAI. On January 15th, the company also announced the acquisition of a 54% stake in Pagero Group, a Swedish commercial software and service provider.
Reuters CEO Steve Hasker said in a Bloomberg interview on January 15th, "We have been in discussions with some suppliers." "Reuters has been very open in authorizing our content to leading large language model providers. We will make more progress in this area this year." He also stated that the company has made artificial intelligence innovation a priority, And found that some of the biggest needs are in the field of legal products.
Thomson Reuters announced in November last year that it will invest an additional $100 million annually in artificial intelligence generation and add artificial intelligence capabilities to its Westlaw Precision legal research product.
In addition, Thomson Reuters announced on Monday that it has acquired a 54% stake in Pagero Group, a Swedish commercial software and service provider, and has raised its bid, higher than its competitor Avalara's.