TD Bank Group ("TD" or the "Bank") today announced an initial investment of up to $25 million over three years to support AI development and adoption.

The strategic collaboration between Layer 6, a globally recognized leader in AI research and development, and Cohere, the world's leading sovereign AI company, will explore how Canadian AI innovation can be applied within TD to improve productivity, strengthen decision-making and create better experiences for clients. The collaboration brings together Cohere's secure enterprise AI models and technical expertise with Layer 6's applied research capabilities and deep understanding of TD to explore practical, high-value applications of AI across the Bank.