The Toronto-based bank has developed in-house software based on multiple large language models that helps employees summarize documents, compose emails and generate materials after meetings. It is also licensing Microsoft’s GitHub Copilot, which helps developers write code more efficiently. (The Logic)
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The Toronto-based bank has developed in-house software based on multiple large language models that helps employees summarize documents, compose emails and generate materials after meetings. It is also licensing Microsoft’s GitHub Copilot, which helps developers write code more efficiently. (The Logic)
Talking point: The announcement is the latest in a series of AI-related releases from CIBC over the past month. On Thursday, CIBC also said it’s invested $10 million in Toronto’s Boosted.ai, which makes AI software for investment management. Earlier this month, CIBC said it would hire more than 200 data and AI-based employees over the next 12 months and participate in a 12-month program led by the University of Toronto’s Creative Destruction lab intended to help organizations develop and share AI strategies. CIBC joins other banks in the race to integrate AI into their businesses. Rival TD is testing large language models by companies including Cohere.
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