Royal Bank of Canada Mints Private AI Cloud

  • “The Royal Bank of Canada (RBC) and its AI research arm Borealis AI have teamed with Red Hat and Nvidia to develop an AI computing platform with the goal of improving the client banking experience.
  • A collaborative announcement notes that RBC’s new platform ‘has already improved trading execution and insights, helped reduce client calls and has resulted in faster delivery of new applications for RBC clients, and has the potential to benefit the AI industry in Canada, beyond RBC and financial services.’
  • ‘By combining innovative technology with their expert knowledge in financial services, the RBC team has created one of the most sophisticated and dynamic AI development infrastructures in Canada,’ said Charlie Boyle, vice president and general manager, DGX Systems, Nvidia.”

Royal Bank of Canada Mints Private AI Cloud

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