Thomson Reuters Corp. closed 2.3% short of its 52-week high of C$256.51, which the company reached on February 11th.

People who filed a relief claim expected to get between $19 and $48 — but are likely to get a much higher payout because less than 1% of those eligible submitted claims.

A federal judge in Delaware on Tuesday said that a former competitor of Thomson Reuters was not permitted by U.S. copyright law to copy the information and technology company's content to build a competing artificial intelligence-based legal platform.

"The ruling is, in many respects, fairly narrow, but it does provide guidance as to how to analyze some of these issues in these cases going forward," Mammen said.

Thomson Reuters has won an early battle in court over the question of fair use in artificial intelligence-related copyright cases. The media and technology company filed a lawsuit against Ross Intelligence — a now-defunct legal research firm — in 2020,

Legal experts said there are key differences in Thomson Reuters' case against Ross Intelligence and other major AI-related copyright litigation.

The Thomson Reuters decision has big implications for the battle between generative AI companies and rights holders.

StockNews.com downgraded shares of Thomson Reuters (NYSE:TRI – Free Report) (TSE:TRI) from a hold rating to a sell rating in a research report report published on Thursday. A number of other equities analysts have also issued reports on the company.

A judge looked at possible copyright infringement defenses for Ross Intelligence and said, ‘I reject them all.’

After Elon Musk first pushed a misleading claim about Reuters, the president raged about the global news agency returning a contract that was awarded under his first administration

An AI company lifted material from Thomson Reuters' research platform, arguing fair use and innocent infringement. A court has ruled it was copyright violation.

Thomson Reuters Corp. closed 2.4% below its 52-week high of C$256.51, which the company reached on February 11th.