Thomson Reuters Acquires AI-Based Accounting Tools Provider Materia-February 2024-www.financetom.com

Thomson Reuters Acquires AI-Based Accounting Tools Provider Materia

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Thomson Reuters Acquires AI-Based Accounting Tools Provider Materia

Oct 22, 2024 12:17 PM

09:04 AM EDT, 10/22/2024 (MT Newswires) -- Thomson Reuters ( TRI ) said Tuesday that it has acquired Materia, a US-based startup providing artificial intelligence tools for accounting purposes.

Financial terms of the deal were not provided.

Thomson Reuters ( TRI ) said the move is expected to support its generative AI services by integrating Materia's AI tools that automate research and workflow processes in accounting.

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