Deals to license its vast news archive to train artificial intelligence tools helped drive up fourth quarter revenue for Thomson Reuters Corp, the company said Thursday.
The Toronto-based news and information service reported that revenue in its Reuters News division leaped 10% to $220 million, “driven primarily by Generative AI related content licensing revenue that was largely transactional in nature.”
The company did not specify which company developing AI tools it has inked a licensing deal for its its content with, and did not share financial details of the arrangement.
Thomson Reuters has also developed its own AI-backed projects, including an AI-assisted research in its Westlaw legal database, the company said in November.