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RBC Expects to Gain Over $700 Million of Enterprise Value From AI
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RBC Expects to Gain Over $700 Million of Enterprise Value From AI
Royal Bank of Canada (RBC) is on track to meet its target of $700 million to $1 billion of enterprise value from artificial intelligence by 2027, according to RBC President and CEO Dave McKay. “Importantly, our target is net of investments, including building on investments already made in data storage, GPU clusters, proprietary LLMs, risk governance and in people,” McKay said Wednesday (Dec. 3) during the bank’s fourth-quarter earning…
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