Thomson Reuters Buys Casetext To Up The AI Game
Portfolio Pulse from Lekha Gupta
Thomson Reuters Corp (NYSE:TRI) has agreed to acquire California-based legal technology provider Casetext for $650 million in cash. The acquisition will complement Thomson Reuters' AI roadmap and build on its recent initiatives, including a planned investment of over $100 million annually on AI capabilities.
June 27, 2023 | 9:10 am
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Thomson Reuters has a new plugin with Microsoft Corp's 365 Copilot for legal professionals.
Microsoft is mentioned in the article as having a new plugin with Thomson Reuters for its 365 Copilot for legal professionals. However, this partnership is not the main focus of the article and is unlikely to have a significant short-term impact on MSFT's stock price.
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Thomson Reuters is acquiring Casetext for $650 million, enhancing its AI capabilities and building on recent initiatives.
The acquisition of Casetext will complement Thomson Reuters' AI roadmap and build on its recent initiatives, including a planned investment of over $100 million annually on AI capabilities. This will likely have a positive impact on TRI's stock price in the short term as it demonstrates the company's commitment to expanding its AI offerings.
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IMPORTANCE 80
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