{"id":198510,"date":"2026-03-23T06:45:00","date_gmt":"2026-03-23T10:45:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/23\/rbcs-new-ai-chief-says-data-will-set-winners-apart\/"},"modified":"2026-03-23T14:30:11","modified_gmt":"2026-03-23T18:30:11","slug":"rbcs-new-ai-chief-says-data-will-set-winners-apart","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/23\/rbcs-new-ai-chief-says-data-will-set-winners-apart\/","title":{"rendered":"RBC&#8217;s new AI chief says data will set winners apart"},"content":{"rendered":"<p><a href=\"https:\/\/thelogic.co\/news\/rbc-ai-chief-data-scaling\/\">RBC&#8217;s new AI chief says data will set winners apart<\/a><\/p>\n<p><a href=\"https:\/\/thelogic.co\/news\/rbc-ai-chief-data-scaling\/\">https:\/\/thelogic.co\/news\/rbc-ai-chief-data-scaling\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-03-23 06:45:00<\/a><\/p>\n<p>Source Domain: <a href=\"thelogic.co\">thelogic.co<\/a><\/p>\n<ul>\n<li><strong>Royal Bank of Canada\u2019s AI Leadership:<\/strong> Bruce Ross, recently appointed as RBC&#8217;s head of AI, calls AI a \u201cgenerational technology\u201d and outlines its strategic importance in bank\u2019s operations, positioning RBC at the forefront of AI adoption.<\/li>\n<li><strong>Banking Sector AI Maturity Ranking:<\/strong> RBC is noted as the highest-scoring bank in Canada and third globally for AI maturity, largely due to investments in machine learning, including via its in-house research lab, Borealis.<\/li>\n<li><strong>Investments and Financial Goals:<\/strong> RBC projects generating between $700 million and $1 billion in enterprise value from AI by 2027 and is systematically auditing AI-driven performance gains to meet these targets. <\/li>\n<li><strong>Competitive Edge Through Data:<\/strong> RBC claims its competitive advantage in AI lies in its extensive and proprietary data, which is greater in scale compared to other Canadian banks, giving it a substantial edge in AI model training.<\/li>\n<li><strong>Federal Support and Sovereign AI:<\/strong> RBC is leveraging Canada\u2019s efforts to develop its own sovereign AI and has built significant in-house computing capacity to secure sensitive client data, positioning itself well to use emerging national AI infrastructures.<\/li>\n<li><strong>AI\u2019s Triple Application Strategy:<\/strong> RBC\u2019s AI strategy is divided into three stages: enhancing employee productivity and operational efficiency, reducing costs and speeding routine processes, and creating new business solutions to serve clients better.<\/li>\n<li><strong>Caution About Job Displacement:<\/strong> While recognizing AI\u2019s productivity benefits, Ross acknowledges the technology&#8217;s potential to reduce jobs in some areas, emphasizing the need for reskilling both employers and employees to adapt to changes.<\/li>\n<li><strong>Skeptical On Overvaluation:<\/strong> Ross is cautious about the current high valuations in AI, noting that the rapid pace of advancement could make specific AI tools quickly obsolete.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBC&#8217;s new AI chief says data will set winners apart https:\/\/thelogic.co\/news\/rbc-ai-chief-data-scaling\/ Publish Date: 2026-03-23 06:45:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":198511,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thelogic.co\/wp-content\/uploads\/2026\/03\/RBC-Toronto-Oct_2025-Nick-Lachance-1920x1280-a.jpeg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-198510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/198510"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=198510"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/198510\/revisions"}],"predecessor-version":[{"id":198512,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/198510\/revisions\/198512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/198511"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=198510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=198510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=198510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}