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Thomson Reuters

All articles tagged with #thomson reuters

technology12 days ago•2 min saved

Third Circuit Rules AI Training on Competitor's Legal Data Violates Copyright

The Third Circuit Court of Appeals ruled that training an AI system on a competitor's copyrighted editorial summaries constitutes infringement, not fair use. The court affirmed that Westlaw headnotes are protected works and that ROSS Intelligence’s use of them to build a rival legal research tool was minimally transformative. This marks the first federal appellate decision addressing fair use in AI training, though the full opinion remains under seal.

via TechSpot|

#ai-regulation #copyright-law #fair-use

technology13 days ago•1 min saved

Third Circuit rules AI training on copyrighted legal data is not fair use

The Third Circuit Court of Appeals has affirmed a ruling against ROSS Intelligence, determining that using copyrighted legal summaries to train a competing AI product constitutes copyright infringement rather than fair use. The court found that Thomson Reuters’ Westlaw headnotes possess sufficient 'creative spark' to be protected, and that ROSS’s use was not transformative enough to justify the copying. This decision marks the first federal appellate ruling on fair use in AI training, though the full opinion remains under seal pending redaction reviews.

via Courthouse News|

#artificial-intelligence #copyright #fair-use

technology1 month ago•3 min saved

Thomson Reuters bets on in-house AI to cut Anthropic costs

Thomson Reuters unveiled Thomson-1, its first in-house AI model built by adapting Alibaba’s Qwen-based Snowdon to handle tasks like document review, aiming to reduce reliance on pricey external models (notably Anthropic) and to build long-term IP, while still leveraging some capabilities from Anthropic through its CoCounsel partnership.

via Business Insider|

#anthropic #qwen #snowdon

technology8 months ago•3 min saved

Thomson Reuters Expands CoCounsel Legal to the UK with Deep Research and Tabular Analysis

Thomson Reuters launches CoCounsel Legal in the UK, delivering agentic AI that combines Deep Research from Westlaw and Practical Law with Tabular Analysis for large-scale document review, and integrates with Microsoft 365 and HighQ to embed AI across litigation, transactional work, and regulatory analysis.

via Legal Reader|

#agentic-ai #cocounsel-legal #technology

technology1 year ago•6 min saved

Thomson Reuters Launches Agentic AI Platform for Legal Workflows

Thomson Reuters has launched its next-generation agentic AI systems, starting with CoCounsel for tax, audit, and accounting professionals, which can plan, reason, act, and react within real workflows, enhancing accuracy and trust while integrating deeply with existing platforms. This development marks a significant evolution in professional AI, emphasizing transparency, human oversight, and domain expertise, and is part of Thomson Reuters' broader strategy to redefine AI capabilities across legal, tax, risk, and compliance sectors.

via Thomson Reuters|

#agentic-intelligence #ai #cocounsel

business2 years ago•6 min saved

"GM Taps Former Tesla Exec Kurt Kelty to Lead EV Battery Unit"

Cineplex Inc. reports a $9 million loss in its fourth quarter despite increased theatre audiences from Taylor Swift; EU approves the AI Act with global implications for Big Tech; Aurora Cannabis Inc. announces a $25.2 million net loss as it buys Australian medical pot firm; Bombardier forecasts lower-than-expected free cash flow for 2024, but ramps up plane sales and forecasts growth despite supply chain snarls; Thomson Reuters reports a Q4 profit and revenue increase, raising its quarterly dividend by 10%.

via Yahoo Canada Finance|

#aurora-cannabis #bombardier #business

technology2 years ago•2 min saved

Thomson Reuters Unveils Generative AI Tools for Legal Research and Integration with Westlaw

Thomson Reuters has introduced new generative AI initiatives, including AI-Assisted Research on Westlaw Precision, which incorporates GenAI into the company's legal research platform. This functionality allows users to ask complex legal research questions in natural language and receive synthesized answers by citing Thomson Reuters' Westlaw database. The AI tool uses retrieval augmented generation (RAG) to ensure accurate and relevant responses. Thomson Reuters also plans to upgrade its GenAI assistant, CoCounsel, to provide additional skills for drafting, reviewing, and summarizing legal documents. These AI tools are developed using the Thomson Reuters Generative AI platform, enabling the company to expand its AI product offerings quickly.

via Fox Business|

#ai-assisted-research #generative-ai #legal-research

business3 years ago•1 min saved

LSEG investors raise £2.9 billion from share sale

Investors including Blackstone and Thomson Reuters are launching a sale of approximately 28.3 million shares, worth around $2.9 billion, in the London Stock Exchange Group (LSEG). This follows a previous sale in May as the investor group aims to offload its stake in LSEG. The consortium, which includes CPPIB and GIC, plans to sell a total of about 43.1 million shares over time through the offering, a directed buyback, and a sale of call options. LSEG also plans to buy back approximately £750 million worth of limited-voting ordinary shares.

via Reuters|

#blackstone #business #investor-group

business3 years ago•2 min saved

TPG to acquire majority stake in Elite from Thomson Reuters

Private equity firm TPG is set to acquire a majority stake in Elite, a vendor of business management software for law firms, from Thomson Reuters at a valuation of $500m. Thomson Reuters will retain a minority stake and board representation in Elite and continue to support it with its legal information products. The deal frees up cash for Thomson Reuters to invest in the development and upgrades of its other products.

via Reuters.com|

#business #business-management-software #elite