RBC taps Red Hat and Nvidia for new AI private cloud
Royal Bank of Canada (RBC) and its AI research institute Borealis have partnered with Red Hat and Nvidia.
RBC says its trading execution and insights have already improved
The partnership aims to create an in-house artificial intelligence infrastructure. The new build will allow “transformative intelligent applications” to reach the market faster.
The bank has deployed Red Hat OpenShift and Nvidia’s DGX AI to power this new cloud platform.
RBC claims its new cloud has the ability to run “thousands of simulations and analyse millions of data points.”
It claims that trading execution and insights have already been improved through the platform’s use.
Mike Tardif, senior vice president for tech infrastructure at RBC, says: “This cloud offers acceleration and containerised platform benefits, and we are well positioned to provide the best experience possible for our customers going forward.”
Foteini Agrafioti, chief science officer for Borealis, agrees: “Modern AI cannot exist without access to high performance computing. This collaboration means that we can conduct research at scale and deploy machine learning applications in production with improved efficiency and speed to market.”
