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Thomson Reuters Acquires UK-Based AI Start-Up

Thomson Reuters recently made headlines with the acquisition of a UK-based AI start-up, Safe Sign Technologies. Founded by a former trainee from Allen & Overy Shearman just two years ago, Safe Sign Technologies specializes in legal-specific applications for large language models.

This acquisition is part of Thomson Reuters’ $8bn budget dedicated to AI-focused deals, as announced by CEO Steve Hasker earlier this year. It marks the legal content company’s significant move towards integrating AI into its services. With the acquisition of Safe Sign Technologies, Thomson Reuters aims to enhance its genAI assistant, CoCounsel AI Assistant.

Safe Sign Technologies was established by individuals with backgrounds from prestigious institutions such as Cambridge, DeepMind, Harvard, and MIT. Led by Alexander Kardos-Nyheim, a law graduate from Cambridge and former A&O Shearman trainee, the company was founded in February 2022. Kardos-Nyheim, who spent over two years at the law firm, has recently departed.

Co-founder Jonathan Schwartz, with expertise in robotics and computer science, complements the team at Safe Sign Technologies. This acquisition reflects a broader trend in the legal industry, where technology plays a pivotal role in shaping the delivery of knowledge and information to legal professionals.

As AI solutions like genAI evolve to potentially replace traditional tools used by lawyers, legal information providers are reevaluating their strategies. By leveraging advancements in AI, these providers can offer more efficient and cost-effective solutions to their clients.

Thomson Reuters’ Chief Technology Officer, Joel Hron, emphasizes the UK’s strong presence in the AI landscape and sees the investment in Safe Sign Technologies as a testament to the country’s leadership in this field. The company has ambitious plans to expand Safe Sign Technologies in the UK and tap into the country’s vibrant data science community.

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