The Royal Bank of Canada will invest tens of millions of dollars in AI research in the coming years . The bank has hired John Sutton , a pioneer in the field of machine learning , as an advisor to a new research lab . Sutton has made contributions in the areas of “ reinforcement learning ” , the technique behind Google ’s AlphaGo , and autonomous vehicles . Last week at the RBC 2017 Canadian Bank CEO Conference , RBC Chief Executive Dave McKay highlighted AI as the most transformative technology in banking today .
The Royal Bank of Canada will invest tens of millions of dollars in AI research in the coming years. The bank has hired Richard Sutton, a pioneer in the field of machine learning, as an advisor to a new research lab. Sutton has made contributions in the field of “reinforcement learning”, the technique behind Google’s AlphaGo, and autonomous vehicles. Last week at the RBC 2017 Canadian Bank CEO Conference, RBC Chief Executive Dave McKay highlighted AI as the most transformative technology in banking today.