News Summary

TD Bank is expanding its artificial intelligence (AI) capabilities by opening a new Layer 6 office in New York City. Originally based in Toronto, Layer 6 has been TD’s AI research center since its acquisition over seven years ago. The new office will support TD’s U.S. operations and develop AI solutions for American colleagues and customers. Maksims Volkovs, co-founder and chief AI scientist at TD, emphasized the importance of embedding safety into AI models. The NYC office will initially be staffed by 20 AI experts and will focus on generative AI, leveraging existing large language models. This move highlights TD’s commitment to innovation and AI advancement.