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  5. TRI: I hope I don't sound naive asking this question, but I keep hearing that proprietary data is something of a moat for TRI, and for companies like X, SPGI, and perhaps even businesses like yours. [Thomson Reuters Corporation]

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Q: I hope I don't sound naive asking this question, but I keep hearing that proprietary data is something of a moat for TRI, and for companies like X, SPGI, and perhaps even businesses like yours.

What is to prevent an AI engine like Anthropic from simply buying a membership and then having access to that data with which to answer questions?
Asked by Kevin on February 13, 2026
5i Research Answer:
It may be a problem, depending on the players' integrity and how things play out in the future....
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