Why did Thomson Reuters stock surge by 14%?

Thomson Reuters stock surged 14% because its AI legal tool, CoCounsel, received positive attention and praise at an event hosted by Anthropic.

What is CoCounsel and how many users does it have?

CoCounsel is an artificial intelligence tool for lawyers developed by Thomson Reuters, which has now reached one million users, signifying a move to production.

What AI models is Thomson Reuters working with?

Thomson Reuters is working with AI models from Anthropic, OpenAI, and Alphabet's Google Gemini platform.

Home / Business and Economy / AI Boost: Thomson Reuters Stock Soars 14%

AI Boost: Thomson Reuters Stock Soars 14%

25 Feb

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Summary

Thomson Reuters shares surged 14%, the largest gain in 26 years.
The stock jump was driven by praise for its AI legal tool, CoCounsel.
CoCounsel has now reached one million users, marking a production shift.

AI Boost: Thomson Reuters Stock Soars 14%

Thomson Reuters saw its stock price climb as much as 14%, marking the largest intraday gain in 26 years. This significant increase followed praise for its artificial intelligence tool for lawyers, CoCounsel, during an event hosted by AI company Anthropic.

This event provided a crucial uplift for the Toronto-headquartered firm's shares, which had previously declined by over half since reaching an all-time high in July. Concerns about slowing sales growth and the potential impact of AI on its business had contributed to the stock's earlier slump.