RBC’s token usage jumps 500% in a year
Bank deploys 200 AI use cases, writes 24M lines of code
Royal Bank of Canada is deploying AI throughout its operations to drive productivity and to strengthen its position moving forward, both of which are increasing its token usage. With increasing use of AI, the bank reported its AI token usage increased by 500% in its fiscal second quarter, ended April 30, Chief Executive Dave McKay said during the bank’s earnings call today. No metric was provided on how many tokens the bank burns on a yearly basis. Token usage and cost are rising, Sai Rangachari, chief product officer at core banking provider Temenos, told FinAi News. […]
