Thomson Reuters (TR) has acquired Materia, a US-based AI platform specializing in tax, audit, and accounting automation. Founded in 2022, Materia’s agentic AI platform improves efficiency by automating workflows and assisting research for accounting professionals. Although currently focused on accounting, this acquisition aligns with TR’s broader AI strategy and could pave the way for similar tools in the legal sector, which TR also serves. Materia’s proprietary platform integrates with industry software to ensure accuracy and security, enhancing the quality of work across accounting roles. While TR hasn’t specified legal applications, the acquisition suggests potential expansion into legal AI tools in the future.