Thomson Reuters Acquires Materia, A U.S.-Based Startup That Specializes In The Development Of An Agentic AI Assistant For The Tax, Audit And Accounting Profession; Financial Terms Not Disclosed
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Thomson Reuters has acquired Materia, a startup focused on AI for tax, audit, and accounting, to enhance its AI capabilities. The financial terms were not disclosed.
October 22, 2024 | 12:05 pm
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Thomson Reuters has acquired Materia, enhancing its AI capabilities in tax, audit, and accounting. This move aligns with its AI roadmap and could improve service efficiency.
The acquisition of Materia by Thomson Reuters is a strategic move to enhance its AI capabilities, particularly in the tax, audit, and accounting sectors. This aligns with its AI roadmap and could lead to improved efficiency and service offerings, potentially boosting investor confidence and stock performance.
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