Thomson Reuters Announces New $100 Million "Future of Professionals" Venture Capital Fund
The fund, named "Thomson Reuters Ventures," is part of Chief Executive Steve Hasker's plan to transform the provider of news and information to professionals into what it calls a "content-driven technology business." Thomson Reuters wants to identify companies than can help its customers "deliver more value" to their customers - whether that be machine learning for better prediction, or automating for better efficiency, said Pat Wilburn, Chief Strategy Officer at Thomson Reuters. Thomson Reuters said in August that at the end of the second quarter $700 million remained from a $2 billion mergers and acquisitions budget.
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