TD Bank Group plans to open a new Layer 6 office in New York City later this year, expanding its artificial-intelligence research and development capabilities in the U.S.

Layer 6, TD’s AI innovation hub, will add an initial team of 20 specialists at One Vanderbilt to support the bank’s U.S. bank and other operations south of the border.

“Our commitment to being a leader in the AI space puts TD at the forefront of banking innovation, and Layer 6 is critical to our ability to deliver that innovation for our customers,” said Luke Gee, chief analytics and AI officer at TD.

“With recent advances in areas like generative AI, we continue to leverage the potential of this game-changing technology through the work of colleagues across the bank, with Layer 6 continually driving thought leadership and breaking new ground.”

TD currently operates Layer 6 from its global head office in Toronto’s MARS Innovation District.

“Our U.S. expansion of Layer 6 underscores our commitment to deepening our presence in New York City and investing in the future of innovation,” said Leo Salom, TD’s president and CEO.

Pictured: Office tower at One Vandebilt Avenue in New York City, the future home of TD’s Layer 6 AI research and development centre.

Photo:  Mariusz Lopusiewicz / Shutterstock.com