Skip to main content
Back to the live feed

Industry & Startups

RBC’s AI chief sounds the alarm over AI agents

AI-generated summaryA model wrote this from the publisher’s headline and short excerpt. It can leave out context or contain errors, so read the original report before relying on it. How summaries are made

Summary

Royal Bank of Canada will not let outside AI agents access its systems without safeguards, the bank’s head of AI, Bruce Ross, said, citing concerns about agents accessing accounts and moving money. RBC is considering whether to block Meta’s Muse agent from customer information but has not made a final decision. Ross said the bank remains confident AI will generate $700 million to $1 billion in enterprise value by fiscal 2027, but did not say how much it has generated so far.