"By 2023, Hron became head of AI and Thomson Reuters Labs, a decades-old research and development group whose work was dramatically changing as the generative AI boom was leading companies to rethink their approach on AI. During Hron's tenure, TR Labs accelerated hiring and launched seven generative AI products in 18 months, including AI assistants for legal research and contract drafting."
"Since 2019, Thomson Reuters has spent $4.2 billion on acquisitions, adding e-invoicing provider Pagero, and automation software providers SafeSend and SurePrep to the company's portfolio. Hron says these companies come with unique intellectual property that may take too much time or be too costly for Thomson Reuters to build on its own. There are also times where talent acquisition is a key consideration."
"That group still reports to Hron, who ascended to the CTO role in July 2024. Using the lessons he learned as an outsider who joined Thomson Reuters via an acquired startup, Hron is now helping to steer an aggressive M&A strategy that will continue to see more newly acquired technologies and teams added to the roster."
Thomson Reuters acquired ThoughtTrace in 2022, gaining a document- and contract-analysis AI platform and its CTO, Joel Hron. Hron joined Thomson Reuters as VP of technology, led AI and TR Labs by 2023, and became CTO in July 2024. TR Labs accelerated hiring and launched seven generative AI products in 18 months, including assistants for legal research and contract drafting. Since 2019, the company has spent $4.2 billion on acquisitions such as Pagero, SafeSend, and SurePrep to obtain IP and talent. Acquired teams have helped shift the company toward a more entrepreneurial, technology-led posture and further M&A is planned.
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