Source: Reuters (via feed)
Shares of Thomson Reuters Corp. surged more than 10 percent on Tuesday after the company announced that one million professionals are now using its CoCounsel AI technology. The Toronto-based company did not provide further details on how quickly user adoption grew. The CoCounsel solution is designed to assist professionals, including those in legal and business sectors. Meanwhile, market response to the milestone was immediate, reflecting investor optimism about the company’s AI offerings. Thomson Reuters did not disclose specific revenue or profit impacts from CoCounsel usage. The stock price rise marked a significant gain in intraday trading. This development occurred amid heightened interest in AI technologies within established enterprises.
The adoption of CoCounsel by one million professionals signals growing acceptance of AI tools in business workflows, influencing market valuations of technology providers.
