Thomson Reuters has completed the acquisition of PLX AI

In a message to staff, Interim President Matt Keen shared that Thomson Reuters acquired PLX AI – a financial news service – and will now begin the integration into Reuters News:

Colleagues,

I am delighted to share that Thomson Reuters has acquired PLX AI, a real time financial news service powered by artificial intelligence, which will be integrated into Reuters News.  

PLX AI delivers breaking financial news and insight that moves stock prices—including surprise earnings, outlook changes, mergers and acquisitions, important orders or management decisions—from 1,500 companies across the U.S. and Europe, using natural language processing engines.

The Danish business has a significant partnership with LSEG Refinitiv and is available exclusively through Refinitiv products. 

The company is small—there are just three PLX employees joining Reuters—but it punches way above its weight.

As you know, Reuters is committed to delivering the fastest, most reliable financial news service in the world. This acquisition supports our financial text reporting and our impressive track record in speed wins. We will also assess where we could scale or extend PLX technology into other fields to enhance our formidable newsroom and support our journalists. 

I am sure you will join me in welcoming the PLX AI team to Reuters.