RBC backs AI-based climate change research

RBC backs AI-based climate change research

Royal Bank of Canada (RBC) is backing a new academic research project using artificial intelligence to address climate change.

Borealis AI, an RBC Institute for Research, and RBC Quebec are donating $50,000 to a project at Mila - Quebec Artificial Intelligence Institute. The money will be used to help develop a tool that uses AI technology to produce street view images that show the potential effects of climate change.

The tool’s goal is to raise awareness on climate change and to view the output of climate models in a visual way. Users will be able to input a location and see a visual projection of the potential effects of extreme weather events at this location at street level.

Foteini Agrafioti, chief science officer, at RBC and head, Borealis AI, says: "We see immense potential for technology to help address the challenges of climate change and are pleased to invest in these solutions with our partners in the AI ecosystem of Montreal, a world-class hub for machine learning research."

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