Borealis AI is expanding its network of labs across Canada into Vancouver, the Royal Bank of Canada (RBC) institute of research announced on Monday.
The new research centre will focus on computer vision, a subfield of machine learning that trains computers to see, process and understand the visual world. It is expected to open in the fall of this year.
Professor Greg Mori, director of computing science at Simon Fraser University and an internationally recognized expert in computer vision, will head research efforts at the lab as research director.
Mori will be joined by University of British Columbia professor Leonid Sigal, who will serve as academic advisor. Both professors will continue to teach at their respective universities while working with Borealis AI.
“Applications of computer vision are new to the financial services industry. We’re eager to apply this technology to tackle previously unsolvable problems that will benefit Canadian communities,”says Foteini Agrafioti, chief science officer of RBC and head, Borealis AI. “Prof. Mori and Prof. Sigal are global leaders in the field of computer vision both in industry and academia, and I’m excited to see what we can achieve together.”