Thomson Reuters to stress AI, machine learning in a post-pandemic world

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Thomson Reuters Corp will streamline technology, close offices and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sales and operating profit.

FILE PHOTO: A plaque with the logo of Thomson Reuters adorns the entrance of the Dubai office in Dubai Media City April 17, 2008. . REUTERS/Jumana El Heloueh

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23 Feb 2021 07:45PM (Updated: 24 Feb 2021 12:50AM)

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NEW YORK: Thomson Reuters Corp will streamline technology, close offices and rely more on machines to prepare for a post-pandemic world, the news and information group said on Tuesday, as it reported higher sales and operating profit.

The Toronto-headquartered company will spend US$500 million to US$600 million over two years to burnish its technology credentials, investing in AI and machine learning to get data faster to professional customers increasingly working from home during the coronavirus crisis.

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It will transition from a content provider to a content-driven technology company, and from a holding company to an operational structure…

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From Channel News Asia - 24/02/2021