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May 23, 2023


THOMSON REUTERS BRINGS FORWARD VISION TO REDEFINE THE FUTURE OF PROFESSIONALS
WITH CONTENT-DRIVEN AI TECHNOLOGY

Thomson Reuters plugin with Microsoft 365 Copilot helps unlock the value of
generative AI for legal professionals



TORONTO, May 23, 2023 – Thomson Reuters (TSX/NYSE: TRI), a global content and
technology company, today brings forward its vision to redefine the future of
professionals through generative artificial intelligence (AI). At a time of
rapid global innovation, Thomson Reuters is at the forefront, helping its
customers unlock the potential to automate workflows, provide powerful insights,
and drive efficiencies with content-driven AI technology.

Following Thomson Reuters announcement that it intends to invest more than $100
million annually on AI capabilities at its Q1 FY23 results, the company also
today announces a new plugin with Microsoft 365 Copilot, Microsoft’s advanced AI
experiences across its productivity suite. This integration will bolster efforts
for redefined professional work starting with legal research, drafting, and
client collaboration.

“Generative AI empowers professionals to redefine their work and discover
innovative approaches,” said Steve Hasker, president and CEO, Thomson Reuters.
“With our customers in the driver’s seat, Thomson Reuters AI technology augments
knowledge, helping professionals work smarter, giving them time back to focus on
what matters. We are very proud to partner with Microsoft, leading the legal
profession towards unlocking the value from Microsoft 365 Copilot for our
customers, and their clients.”

Redefining work with Generative AI

Today’s announcements further cements Thomson Reuters as a leader in leveraging
new technologies, including AI and machine learning (ML).  For over 30 years
Thomson Reuters has leveraged increasingly sophisticated AI and ML capabilities
to improve search and expand advanced analytics for its customers. In addition
to integrating Microsoft 365 Copilot, Thomson Reuters today shares plans to
incorporate new generative AI capabilities across its product suite including:

 * Westlaw Precision - With generative AI, customers can find answers to complex
   legal questions in seconds, based on proprietary, expert content.
 * Practical Law - Smarter, faster access to the expertise of more than 650
   attorney editors combined with the power of generative AI.
 * Checkpoint Edge - Providing fast, reliable answers to complex tax and
   accounting questions.
 * Legal Document Review and Summary - With generative AI reading through
   hundreds or even thousands of relevant documents in just seconds, customers
   can spot key risks, resolve questions, execute tasks, and generate powerful
   work product. Powered by HighQ, Practical Law, and Document Intelligence.
 * Legal Drafting - Bringing together Thomson Reuters trusted content and
   intelligence from across Westlaw, Practical Law, and Document Intelligence to
   surface key insights, legal knowledge, and answers to complex questions.

Find out more here.

Thomson Reuters plugin with Microsoft 365 Copilot

Working with Microsoft, Thomson Reuters has developed a contract drafting
solution, powered by its legal products and content, and Copilot for Word.
Delivering users with a draft working document and access to trusted content
right where work happens – in Microsoft Word, professionals can use their
expertise to edit, validate, and build the final document with integrated access
to Thomson Reuters knowledge, content, and AI technology.

A demonstration of the integration between Thomson Reuters Legal Drafting,
powered by its legal products and content, and Microsoft 365 Copilot for Word
will be shown during this week’s Microsoft Build event in Seattle. In the demo,
Copilot creates a draft contract with help from a Thomson Reuters plugin that
surfaces intelligence and content from Westlaw, Practical Law, and Document
Intelligence - delivering in minutes work that used to take hours directly into
Microsoft Word.

“Microsoft 365 Copilot is reinventing productivity for people and organizations,
and we are thrilled to collaborate with Thomson Reuters to extend Copilot with
new AI-powered experiences that will support legal professionals by saving them
time and helping them drive value for the clients and businesses they serve,"
said Andrew Lindsay, Corporate Vice President of Industry, Apps & Data, Business
Development at Microsoft.

Watch the demonstration here.

Investing in Trust

Investing more than $100 million annually, Thomson Reuters is focused on
integrating generative AI into its solutions through a build, buy and
partnership strategy – providing customers with the very best and trusted
solutions at speed.

Hasker adds, “At Thomson Reuters we remain committed to augmenting professional
knowledge and workflows with AI. Continuing to support our customers on this
journey will enable them to first trust and then harness this new technology as
we build on the opportunities ahead in Legal, with solutions for Tax, Risk, and
the News profession to follow.”

Thomson Reuters has recently shared its updated AI and Data Principles,
reflecting the rapid innovation and reinforcing its strong commitment to
building trustworthy, practical, and beneficial AI for customers. The update
reflects recognition of the evolving AI technology landscape and the need to
demonstrate its commitment to unlocking AI in secure, transparent, and
accountable ways.

Product availability

 * Thomson Reuters will be releasing generative AI capabilities into its native
   platforms Westlaw, Practical Law and Drafting in the second half of 2023.
 * Legal drafting, integrated with Copilot for Microsoft 365 will be available
   for legal professionals in beta alongside the Microsoft Copilot release
   schedule.
 * Tax and Compliance, Risk and Fraud generative AI solutions to follow in
   2024. 

For more information please click here.

About Thomson Reuters

Thomson Reuters (NYSE / TSX: TRI) (“TR”) informs the way forward by bringing
together the trusted content and technology that people and organizations need
to make the right decisions. The company serves professionals across legal, tax,
accounting, compliance, government, and media. Its products combine highly
specialized software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and to help
institutions in their pursuit of justice, truth, and transparency. Reuters, part
of Thomson Reuters, is the world’s leading provider of trusted journalism and
news. For more information, visit tr.com.

CONTACT

Julia Commons 
Vice President, Product PR and Corporate Affairs
Julia.commons@thomsonreuters.com

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