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

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.