TechTaffy

tech:

taffy

Thomson Reuters plans $100 million expansion of technology center

By TechTaffy Desk

One year after the launch of the Thomson Reuters Technology Center, the company has announced a new long-term facility for the technology center, a commitment totaling more than $100 million including both capital investments and a 12 year lease, says the company.

The new site will be located at Duncan House in Toronto’s Entertainment District and will accommodate up to 1,500 employees. Thomson Reuters is expected to assume occupancy in early 2021.

In October 2016, Thomson Reuters announced it was opening a technology centre in Toronto. The Centre has been temporarily located in Bremner Tower, and focuses on cloud computing, big data analytics and machine learning (AI).

The office building is being developed by Allied Properties and Westbank Projects.

[Image courtesy: Thomson Reuters]

 

Just in

Industry

Intel appoints Kevin O’Buckley as senior VP and GM of Foundry Services

Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry

Squarespace to be acquired by Permira for $6.9B

Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.
AI

OpenAI introduces GPT-4o: A free multimodal AI model for real-time audio, vision, and text

OpenAI has announced the release of GPT-4o, a new flagship AI model that can process and generate a combination of text, audio, and images in real-time.
Industry

Microsoft plans to invest $4B in France

Microsoft announced its largest investment in France, a $4.3 billion (€4 billion) package designed to accelerate the adoption of artificial intelligence (AI) and cloud technologies in the country.
Industry

Microsoft to build $3.3B data center in Wisconsin

Microsoft announced a $3.3 billion investment package in Southeast Wisconsin. The investment, to be rolled out by the end of 2026, includes the development of a datacenter campus in Mount Pleasant.