20 AI News Investors Should Not Miss

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16. Thomson Reuters Corporation (NYSE:TRI)

Number of Hedge Fund Holders: 22

Thomson Reuters Corporation (NYSE:TRI) is a Canadian global content and technology company offering news and information-based tools to professionals. The company leverages artificial intelligence to enhance search accuracy, automate processes, and provide data-driven insights across legal, tax, and news domains.

On October 22, Thomson Reuters Corporation (NYSE:TRI) said it had acquired Materia, a U.S.-based startup developing an artificial intelligence-powered assistant for the tax, audit, and accounting profession. According to the company, the deal aligns with its strategy to offer AI tools to the professional sector that it serves. Thomson has been an early investor in the startup.

“Our vision is to provide each professional we serve with a Gen AI assistant. Materia will further accelerate this vision for our tax, audit and accounting customers. Once fully integrated, Materia will transform work and unify the entire customer experience with applications across our tax, audit, and accounting portfolio. We are excited by the potential of combining Materia with Thomson Reuters content, know-how, and solutions”.

– David Wong, Chief Product Officer, Thomson Reuters.

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