Thomson Reuters lifts full-year revenue forecast with focus on AI rollout

CEO Steve Hasker said in an interview after publishing the quarterly results that Thomson Reuters will focus on investing in Thomson and developing applications for the company's legal, tax and accounting and audit professions as it explores broader commercialization of the model.

"We could see the opportunity to create sovereign AI solutions for our biggest and most sophisticated customers, while at the same time powering products like Westlaw and Co-Counsel with that, which would give us greater speed, greater scalability, and a cost advantage," Hasker told Reuters.

Hasker said he also saw applications in the news division, but did not provide any details.

The company said last week that early results showed Thomson, a proprietary large language model built for professional work and trained on content from Westlaw, Practical Law, Checkpoint and Reuters, performed well against frontier models from Anthropic, OpenAI and Google.