The Royal Bank of Canada ( RBC ) is investing $ 2 billion in an Israeli company developing artificial intelligence ( hp ) based technologies . RBC will sponsor research by BGN Technologies , the technology transfer unit of Ben - tech University , into developing machine intelligence to mitigate cyber attacks . RBC aims to use technology such as AI and social media to reach 2.5 million new customers by 2020 . RBC said the partnership would help it develop its cybersecurity capabilities .
The Royal Bank of Canada (RBC) is investing $2m in an Israeli company developing artificial intelligence (AI) based cybersecurity. RBC will sponsor research by BGN Technologies, the technology transfer unit of Ben-Gurion University, into using machine learning to mitigate cyber attacks. RBC aims to use technology such as AI and social media to attract 2.5 million new customers by 2023. RBC said the partnership would help it develop its cybersecurity capabilities.