Rocket Companies announced Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the entire Rocket Companies' ecosystem, including Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations and Information Security ? among other areas.

Previously, Malhotra held a variety of technology leadership roles at Thomson Reuters. Most recently, he was the Head of Engineering and Product Development for the entire company. Under Malhotra's oversight, Thomson Reuters established a platform to accelerate development of generative AI solutions, while introducing an AI assistant spanning all Thomson Reuters products.

Previously, Malhotra served as the CTO of Thomson Reuters' Corporate Technology business unit. When he joined the company in 2017, he was instrumental in founding Thomson Reuters' Toronto Technology Centre, prioritizing AI talent and expanding TR Labs ? the company's division dedicated to research around AI and other technological innovation.

Before his time at Thomson Reuters, Malhotra spent 12 years at Intel ? including his time at Altera before the company was acquired by Intel. He led Intel's Toronto Technology Centre, which housed 200 software engineers, and was the Director of Software Development.

Malhotra started his career as a software developer for Qualcomm Malhotra joins the company at a key time for Rocket. Just last month, Rocket Companies announced Rocket Logic and Rocket Logic ? Synopsis.

The tools use generative AI to quickly automate manual tasks that humans would typically spend hours of time completing. This includes classifying documents, extracting client data, tracking sentiment and recording client patterns and preferences. AI empowers team members to focus on what matters most, building relationships with those on the journey to homeownership and strengthening rapport with Rockets' millions of clients.

Malhotra earned a Bachelor of Applied Science degree in Computer Engineering at the University of Waterloo, where he graduated with honors. He also earned a Master of Engineering degree at the University of Toronto. Malhotra is credited with five issued US patents and two published papers.