💨 Abstract

Royal Bank of Canada expects to earn between C$700 million to C$1 billion from AI investments by 2027, with the technology playing a crucial role in its growth phase. The earnings will come from revenue growth and cost savings in technology. The bank aims to expand in capital markets and wealth management globally, using AI to streamline customer communications, automate tasks, and build avatars for customer engagement.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖