The Globe and Mail reports in its Wednesday, Nov. 6, edition that Thomson Reuters reported higher third quarter revenue and raised its full-year targets, driven by strong product sales and new generative artificial intelligence revenue, surpassing analysts' profit expectations. The Globe's James Bradshaw writes that Thomson Reuters plans to invest over $200-million in AI in 2024, doubling its 2023 investment (all figures U.S.). This increase contributed to higher costs, impacting third quarter operating profit and margins, but aims to drive faster revenue growth in the coming years. Thomson Reuters has significantly increased its AI investments, with chief executive officer Steve Hasker projecting at least $200-million annually in the coming years, excluding acquisitions. Recently, the company acquired Safe Sign Technologies and Materia, both start-ups focused on AI for legal, tax and accounting professionals, spending $2.2-billion on deals in the past 18 months. Thomson Reuters has about $10-billion it could spend buying companies through 2027. Mr. Hasker says he wants to do more AI deals. He says the company's strategy of developing AI capabilities in-house while making acquisitions is "paying off."