The Canadian data and legal giant Thomson Reuters wants to rely less on costly AI from Anthropic — and it turned to a Chinese open-source model to do it. Thomson Reuters launched its first AI model, Thomson-1, on Monday, and it’s based on Snowdon, which was built by “realigning” an open-source Qwen model from the
IBM shares fell more than 25% at the market close on Tuesday after the company said it had misinterpreted the boom in AI spending. On Tuesday, eight days before the company’s scheduled earnings conference call, CEO Arvind Krishna released a letter to shareholders detailing a quarterly “performance shortfall,” including lower-than-expected revenue. “While we anticipated some
