RBC opening AI lab in Montreal, joining several tech giants

Canada's largest bank is joining global tech giants in setting up a research lab in Montreal to take advantage of the city's growing artificial intelligence expertise. The Royal Bank of Canada will open a Borealis AI lab in the new year, joining labs in Toronto and Edmonton. It hopes to have 10 researchers on staff in the first year of operation. RBC will join Silicon Valley tech heavyweights like Facebook, Google and Microsoft, along with Samsung and other global players that have made a presence in the city. "(Montreal) is absolutely one of the hottest places not only in Canada but on earth right now," says Foteini Agrafioti, RBC chief science officer and Borealis AI head.