Thomson Reuters acquires AI accounting assistant developer Materia

Thomson Reuters Corp. logo is shown in a handout. The company says it has acquired Materia, a U.S.-based startup developing an AI assistant for the tax, audit and accounting profession. THE CANADIAN PRESS/HO

TORONTO - Thomson Reuters Corp. says it has acquired Materia, a U.S.-based startup developing an artificial intelligence-powered assistant for the tax, audit and accounting profession.

Financial terms of the deal were not immediately available.

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