Thomson Reuters Corp (NYSE:TRI) is reportedly gearing up for a substantial expansion in artificial intelligence (AI) with a formidable war chest of $8 billion allocated for acquisitions and investments.
CEO Steve Hasker revealed the company’s ambitious plans, emphasizing a belief in AI’s potential for its core business of supplying information to professionals like lawyers and accountants.
Hasker outlined the financial strength derived from the company’s existing operations, a lightly leveraged balance sheet, and the upcoming sale of its remaining stake in the London Stock Exchange Group (LSEG).
The financial news giant also Full story available on Benzinga.com