BMO Establishes Institute for Applied Artificial Intelligence & Quantum

Source Domain: newsroom.bmo.com

Here are 6 key points from the article regarding BMO’s establishment of the BMO Institute for Applied Artificial Intelligence & Quantum:

1. BMO is establishing a new Institute to focus on the innovation, application, and governance of Artificial Intelligence (AI) and the development of Quantum capabilities.
2. The Institute aims to enhance client experiences, increase productivity, and efficiency.
3. Dr. Kristin Milchanowski has been promoted to Chief AI & Quantum Officer and Founding Director of the Institute.
4. BMO has a long history of using AI and is now advancing its Quantum ambitions.
5. BMO commits to building AI and Quantum capabilities that are innovative, trusted, and client-focused.
6. The bank is actively investing in AI and Quantum technologies, including their recent membership in the IBM Quantum Network and recognition as one of the world’s top banks for AI innovation.