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Business Insider
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Thomson Reuters wants to be the AI platform for lawyers. Can it pass the ChatGPT test?

1. Thomson Reuters faces increased competition in legal tech amidst AI advancements. 2. CoCounsel product growth surpasses rivals amid concerns over generative AI. 3. Shares fell over 30% since July due to Wall Street's tepid response. 4. CEO emphasizes the importance of their unique legal data and AI strategy. 5. OpenAI's potential entry into legal tech raises concerns for traditional firms.

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FAQ

Why Bearish?

TRI shares declined more than 30% since July, indicating investor concerns and skepticism about future growth amidst rising competition.

How important is it?

The article highlights both challenges and opportunities for TRI, indicating high relevance and immediate impact potential on stock performance.

Why Short Term?

Immediate competitive threats from OpenAI and rivals may impact TRI’s stock in upcoming quarters, similar to past patterns when incumbent firms faced AI disruptions.

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