Royal Bank of Canada reaffirms Vector Institute sponsorship through 2027 – Benzi… – Press Release

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Sponsorship will advance AI capabilities and increase Ontario’s leadership in the field

TORONTO, March 22, 2022 /CNW/ – Royal Bank of Canada reaffirms its sponsorship of the Vector Institute through 2027. A founding sponsor, RBC has worked with the Vector Institute since its inception in 2017, driving excellence in artificial intelligence (AI) and advancing the field to improve the lives of Canadians. Working with institutions, industry, start-ups, incubators, and accelerators, Vector furthers AI research and drives its application, adoption, and commercialization across Canada.

RBC (CNW Group/RBC)

RBC is a leader in the Canadian AI ecosystem. In 2016, it founded dedicated AI research centre Borealis AI to help leverage the technology’s power, better understand its clients, deliver personalized experiences, and drive more secure, efficient, and effective operations. RBC and Borealis AI have built new AI capabilities for financial services like Aiden, an AI-powered electronic trading platform that leverages deep reinforcement learning, and NOMI Forecast, which uses AI to give clients a seven-day view into their future cash flow. 

“AI was pioneered in Canada, and the Vector Institute is critical to maintaining leadership in the field and ensuring a strong pipeline of AI talent,” says Foteini Agrafioti, Head, Borealis AI and Chief Science Officer, RBC. “We are proud to continue to work with them in building the next generation of researchers, engineers, product, and business experts in AI.”

RBC and Borealis AI are also working with Vector to advocate for the responsible and ethical use of AI. This is an area where RBC is also leading the way, recently launching RESPECT AI, an online hub helping to make ethical AI available to all by making available open source research code, tutorials, academic research, and lectures. 

“Vector is delighted to continue its journey with RBC to advance AI…

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