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Thomson Reuters to acquire legal tech provider Casetext for $650 million

Thomson Reuters' Chief Financial Officer Michael Eastwood had said last month that the company planned to spend about $100 million a year to invest in artificial intelligence (AI), which would be separate from the news and information company's merger and acquisition (M&A) budget of about $10 billion from now to 2025. Casetext employs 104 employees, and its customers include more than 10,000 law firms and corporate legal departments, Thomson Reuters said on Monday. ....

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