Reuters parent reports better-than-expected earnings

Thomson Reuters Corp. on Thursday reported higher-than-expected quarterly profit, and said it struck deals to license its content to help train large AI language models, reports Kenneth Li of Reuters.

Li reports, “Reuters News revenue rose 11% and adjusted earnings before tax, depreciation and amortization rose 56% from generative AI-related content licensing revenue, the company said.

“Hasker said deals to license the Reuters News archive with large language model AI companies reflects ‘the need for large language models to learn from accurate and unbiased information that’s been produced by the world’s best newsrooms and in accordance with the Trust Principles.’

“The Reuters Trust Principles is a set of obligations on Reuters and its employees to act at all times with integrity, independence and freedom from bias.

“The company did not specify the company it has licensed its content to nor the financial details of the deal.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.