RBC boosts focus on AI with new research lab: Reuters

Royal Bank of Canada is hiring a pioneer in artificial intelligence (AI) as an advisor to a new research lab the bank is establishing as part of its investment in AI and machine learning, Reuters reported. The bank declined to say how much is being invested, but estimated that its ongoing investments in AI will total in the tens of millions of dollars over the coming years. RBC Research said it is looking into how AI can be applied in banking and it will be working with Richard Sutton, a professor of computing science at the University of Alberta.

18 January 2017•2 mins read
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