Thomson Reuters Stock Soars 12% as CoCounsel AI Tool Reaches One Million Users Across 107 Countries

Anthropic Shout-Out Makes Thomson Reuters Stock Latest AI Winner

Jittery investors scanning the horizon for winning artificial intelligence bets glommed on to Thomson Reuters Corp. after its legal tools earned kudos from AI juggernaut Anthropic PBC. Shares of the financial services company soared as much as 14%, notching the biggest intraday gain in 26 years, after its AI tool for lawyers, CoCounsel, was touted on stage at an Anthropic-hosted briefing. Thomson Reuters' Chief Executive Officer Steve Hasker also presented at the event. It was a much needed boost for the stock of the Toronto-headquartered firm which has lost more than half its value since hitting an all-time high in July. Disappointing sales growth was at least partly to blame, as were fears of AI encroaching on its business. The jump comes as the market veers between AI optimism that the technology will turbo charge stock market growth and pessimism that AI will unwind many business models, but most especially software service companies. "We'll see if today's early gain holds and gets the shares closer to the level at least seen on Feb. 3," National Bank Financial's Adam Shine wrote in a research note. He rates the stock outperform, though his C$175 price target is below the stock's closing record of C$293.53. Thomson Reuters also announced CoCounsel hit one million users, which the firm said marked a shift from "experimentation to production." The company, in a statementBloomberg Terminal, listed a few AI tools it was working with, including Anthropic's Claude model, OpenAI Inc.'s GPT and Alphabet Inc.'s Google Gemini platform. The announcement comes weeks after Anthropic unveiled a legal AI tool plug-in for its agentic Claude Cowork AI platform on Feb. 3, which triggered a market rout for companies in the legal information space and other software firms. "It will likely take more time and understanding for the market to better assess how the company continues to benefit from AI," Shine said. AI disruption may not be as bad as "suggested by the rather aggressive valuation re-rating experienced in recent months, let alone in recent weeks." Thomson Reuters competes with Bloomberg LP, the parent of Bloomberg News. Shares traded 12% higher to C$124.61 as of 1:42 p.m.

Thomson Reuters shares rally after CoCounsel AI tool draws 1 million users

Feb 24 (Reuters) - Thomson Reuters shares jumped more than 11% on Tuesday after the technology and content firm said its artificial intelligence-powered assistant for businesses, CoCounsel, has drawn one million users, easing fears of disruption by competing AI tools. The stock (TRI.TO), opens new tab posted its biggest percentage gain since 2009. The jump also followed Anthropic's announcement on Tuesday that companies including Thomson Reuters were using its AI technology for their products. A new AI tool from Anthropic that embeds its Claude AI model into legal workflows had earlier this month sparked an $830 billion global selloff in software and services stocks over six trading days on investors' fears that the technology would shrink revenue streams for the industry. Weighed down by that decline, Thomson Reuters shares remain down more than 30% for the year. "The legal AI market is maturing, and substance matters more than hype. Our fiduciary-grade AI strategy is driving real adoption - and we have the capital, content, and expertise to shape what comes next," Thomson Reuters President and Chief Executive Officer Steve Hasker said in an emailed response to a query about the stock price move. The Toronto-based company, which owns Reuters News, launched CoCounsel after buying AI legal startup Casetext in a $650 million deal in 2023. The assistant acts as the core AI engine powering CoCounsel Legal, which automates research, document review and drafting for lawyers. Thomson Reuters executives told Reuters after the company's quarterly earnings announcement this month that its legal offerings were distinguished from general-purpose AI startups by the company's proprietary intellectual property, including hundreds of years of legal papers from Britain and more than a century of archives from the U.S., much of it undigitized, unpublished or unavailable publicly. The Legal Professionals division is the biggest revenue generator for Thomson Reuters, accounting for around one-third of its sales. Reporting by Aditya Soni in Bengaluru; Editing by Kenneth Li and Edmund Klamann Our Standards: The Thomson Reuters Trust Principles., opens new tab

Why Shares of Thomson Reuters Are Surging Today (Hint: It Has to do With Artificial Intelligence) | The Motley Fool

The company now has 1 million professionals using one of its artificial intelligence solutions. Shares of the content and tech company Thomson Reuters Corp (TRI +11.96%) traded nearly 12% higher today, as of 11:42 a.m. ET. In a press release, the company announced that 1 million law professionals now use its artificial intelligence-powered legal solution, CoCounsel. Thomson Reuters' stock has been hammered over the past year, down nearly 49%. The company has been part of the software sell-off, driven by concerns that AI will be able to recreate software solutions much more quickly and using far fewer resources. Today, Thomson Reuters announced that its AI legal assistant CoCounsel is gaining traction. The tool can be used to conduct deeper research on legal matters, accelerate litigation work, and integrate with programs frequently used by legal professionals, such as Westlaw, Practical Law, and Microsoft 365. In the press release, Thomson Reuters said CoCounsel taps into content refined over 175 years and leans on "expert-developed validation logic." "Professionals are not deciding whether to use AI anymore. They are deciding which AI they trust when their reputation and their clients' data are on the line," Thomson Reuters President and CEO Steve Hasker said in a statement, stressing that customer data remains protected. Interestingly, Thomson Reuters shares fell sharply after Anthropic announced new AI tools for legal professionals earlier this month. Now, the stock is rising, due to the success of one of its AI solutions. Investors will be tempted to buy the dip in software stocks, but it's important to look for those that will adapt to changing times. Thomson Reuters is clearly adapting. However, the stock currently trades around 27 times trailing earnings. That's well below its five-year average. The company grew adjusted earnings 4% in 2025 and had organic revenue growth of 7%. It's guiding for solid growth in 2026, but investors will need to determine the right multiple in a world where AI may break down barriers to entry. I'm not entirely sure what that is in this new world, so it could take time for the market to digest companies in this position.

Thomson Reuters CoCounsel Reaches 1 Million Users as Professionals Embrace Agentic AI | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. CoCounsel is Thomson Reuters' AI technology that powers generative and agentic capabilities across the company's legal, tax, accounting, audit, risk, compliance and corporate solutions, including CoCounsel Legal, CoCounsel Tax and Audit and ONESOURCE+, according to the release. Thomson Reuters launched CoCounsel in June, saying the AI platform is designed to help professionals automate complex workflows. It integrates with professional applications to plan, reason and act across tasks while maintaining audit trails and data controls. Designed for professional environments, CoCounsel analyzes licensed content refined over 175 years, incorporates expert-developed validation logic, delivers citation-backed outputs, and protects customer data, the Tuesday press release said. The technology delivers outputs that are grounded in editorially enhanced legal and tax sources, not scraped public data; features workflow logic and quality standards that are shaped by domain experts; and integrates with established professional systems. It also incorporates data boundaries, as Thomson Reuters does not repurpose customer inputs to train third-party models or generate outputs for other users, per the release. CoCounsel's achievement of the 1 million-user milestone reflects professionals' shift from deciding whether to use AI to deciding which AI to use, Thomson Reuters President and CEO Steve Hasker said in the release. "CoCounsel is built for moments when being almost right is not good enough," Hasker said in the release. "It is grounded in decades of authoritative content, validated by domain experts, and backed by a clear commitment that customer data remains theirs. That is why 1 million professionals rely on CoCounsel." The PYMNTS Intelligence report "Agentic AI Breaks Out of the Sandbox" found that among businesses in the United States bringing in at least $1 billion a year, the share of companies that said they were just considering agentic AI plunged from 52% in August to 30% in November. "Skepticism has faded nearly completely, signaling that the debate over whether enterprises should use agents is over," the report said. "The question now centers on the functions and tasks for which companies will use them."

Thomson Reuters says one million professionals using CoCounsel, shares soar

TORONTO -- Shares of Thomson Reuters Corp. rose more than 10 per cent in trading Tuesday after the company said one million professionals are using its CoCounsel AI technology. The shares were up $13.09 or almost 12 per cent at $123.93 in early afternoon trading on the Toronto Stock Exchange. CoCounsel is the technology underlying the generative and agentic capabilities in the company's legal, tax, accounting, audit, risk, compliance and corporate solutions. Thomson Reuters says the users are spread across 107 countries and territories. Thomson Reuters chief executive Steve Hasker says professionals are deciding which AI they trust when their reputation and their clients' data are on the line. He says CoCounsel is grounded in decades of authoritative content, validated by domain experts, and backed by a clear commitment that customer data remains theirs.

Thomson Reuters Climbs as CoCounsel Hits 1 Million Users Amid AI-Driven Fears

Thomson Reuters shares jumped Tuesday morning after the company said its legal-and-compliance platform, CoCounsel, has surpassed 1 million users at a time when fears about artificial intelligence have weighed heavily on software stocks. Shares trading in Toronto were 11% higher at 122.50 Canadian dollars. The information-and-technology company said it has reached the 1-million mark for professionals spanning over 100 countries that are subscribed to the CoCounsel platform. CoCounsel is Thomson Reuters's professional-grade AI assistant for legal, tax, audit and compliance work, which handles regulated professional tasks with verified, citation-backed outputs. Earlier in February, Anthropic, the maker of Claude AI, revealed a new legal-automation tool that sent fears that it could potentially encroach on Thomson Reuters's core contract-review and workflow-software business. Soon after, Chief Executive Steve Hasker in a call tried to sooth investors by saying he sees no evidence that AI is undermining its business. The stock has lost about 20% since then. On Tuesday, Hasker doubled down on the importance of the company's proprietary content, data and expertise as fundamental to professionals, downplaying fears that AI could supplant its current offerings. "[CoCounsel] is grounded in decades of authoritative content, validated by domain experts, and backed by a clear commitment that customer data remains theirs," he said Tuesday. The company also said CoCounsel Legal is entering beta soon. The update is designed around conversational task execution, and the software will use Thomson Reuters's proprietary services of Westlaw and Practical Law to deliver structured work product within a single system, the company said. Write to Adriano Marchese at [email protected]