RBC’s partnership with GenAI vendor Cohere begins to bear fruit – WatersTechnology.com
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The platform aims to help the Canadian bank achieve its lofty AI goals.
The Canadian bank is partnering with Nvidia and Cohere as part of this enterprise-wide initiative.
At RBC’s investor day in March, CEO Dave McKay announced the bank’s intention to create up to C$1 billion ($730 million) in enterprise value using artificial intelligence by 2027. While the number jumps off the page, those who follow RBC closely will know that it has been heavily investing in AI over the last decade.
The bank has a longstanding partnership with AI computing giant Nvidia. And in
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