Thomson Reuters shares jump as CoCounsel AI reaches one million users
Thomson Reuters shares rose 11% today after its CoCounsel AI tool reached one million users. This milestone eased fears of disruption by rival AI startups.
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Thomson Reuters Corporation shares rose more than 11 percent on Tuesday, marking the stock's largest percentage gain since 2009. The rally followed the company's announcement that its artificial intelligence legal assistant, CoCounsel, has reached a milestone of one million users. This development helped ease investor concerns regarding potential disruption from competing AI tools, which had recently pressured the company's valuation following a selloff in the software and services sectors.
