RBC taps tech experts in innovation push

Following up on recent investments in artificial intelligence and machine learning, RBC has announced that modern-day AI pioneer Dr. Richard S. Sutton has been brought on as head academic advisor to RBC Research in machine learning. The bank's research arm has plans to set up a new lab and partner with the Alberta Machine Intelligence Institute (Amii) at the University of Alberta. "We are thrilled to be opening a lab in Edmonton and to collaborate with world-class scientists like Dr. Sutton and the other researchers at Amii," said RBC Research head Dr. Foteini Agrafioti. "BC Research has built strong capabilities in deep-learning, and with this expansion, we are well poised to play a major role in advancing research in AI and impact the future of banking."