Thomson Reuters in Advanced Talks for AI Licensing Deals

Key Details:
📍 Thomson Reuters Corp. discussing licensing deals with generative AI providers.
📍 CEO Steve Hasker confirms ongoing negotiations but does not reveal specific partners.
📍 The move is similar to Axel Springer SE's deal with OpenAI.
📍 Focus on licensing content to major large language model providers.
📍 AI innovation, especially in legal products, is a key focus for Thomson Reuters.
📍 The company plans to invest an additional $100 million annually in generative AI.
📍 Enhanced AI features recently integrated into their Westlaw Precision legal research product.

Context/Background:
For those new to the AI and media landscape, Thomson Reuters' potential licensing deals represent a significant blend of traditional news with cutting-edge AI technology.

Why This Matters:
👉 These talks signify a major shift in how news and data companies are leveraging AI for content generation and distribution.
👉 A potential deal could set a precedent for other media companies in their approach to AI technology.