Three computer science researchers took home two research prizes, worth a combined $50,000, at the recent launch of the RBC Research Institute in Toronto – a collaboration with U of T.
Professor Gerald Penn and Cosmin Munteanu, an assistant professor with the Institute of Communication, Culture, Information and Technology, University of Toronto Mississauga, cross-appointed with the department of computer science and the Faculty of Information, for their work developing better user interfaces for AI tools in the financial sector.
PhD student Varun Perumal, took home a $25,000 innovation scholarship for his work in developing new smart materials. His startup, Printem, developed a special film that can be used to make printed circuit boards – the heart of all electronics devices – in an ordinary home or office printer.
David McKay, the CEO of Royal Bank of Canada, said Canada’s biggest bank is investing heavily in machine learning research in an effort to seize on Canada’s early lead in artificial intelligence and prevent top minds from leaving for the United States.
“We believe this will be a global destination for AI and AI research,” McKay told a packed room at the official launch party for the RBC Research Institute. The institute, part of an expanding, innovation-focused partnership with U of T, is co-located at the MaRS Discovery District and U of T’s Banting and Best buildings across the street.
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