TD’s Layer 6 and Cohere embark on $25-million AI collaboration

Toronto-Dominion Bank ( TD ) announced late Tuesday an initial investment of up to $25 million over three years to support AI development and adoption across its operations. That money will fund a strategic collaboration between TD’s AI research centre, Layer 6, and Toronto-based large language model (LLM) developer Cohere . Canada’s second-largest bank says this partnership will explore how Cohere’s secure enterprise AI models could be applied within TD to improve productivity, decision-making,