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RBC CEO Forecasts $1B AI Value by 2027, Expands Platform

6/17/2026

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Summary

Story summary

RBC CEO Dave McKay says AI will generate $700 million to $1 billion in value by 2027.
He begins each morning with a four-second AI briefing that pulls internal and external data.
RBC is adding an HR module to its AI platform to examine talent and add eight to ten million new clients.
RBC built a GPU farm and expects demand for capital to fund AI growth via loans, high-yield and equity issuance.

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Story summary

RBC CEO Dave McKay says AI will generate $700 million to $1 billion in value by 2027.
He begins each morning with a four-second AI briefing that pulls internal and external data.
RBC is adding an HR module to its AI platform to examine talent and add eight to ten million new clients.
RBC built a GPU farm and expects demand for capital to fund AI growth via loans, high-yield and equity issuance.