TORONTO, Aug. 1, 2024
/CNW/ - CIBC announced today that it is strengthening its
relationship with the Vector Institute, an independent, not for
profit corporation dedicated to advancing the field of AI through
world-class research and application. The enhanced partnership will
forward CIBC's momentum in AI talent development while furthering
its commitment to the AI ecosystem.
"At CIBC, our AI strategy is underpinned by a commitment to
upskilling our workforce and fostering a culture of innovation and
continuous learning," said Dave
Gillespie, Executive Vice-President, Infrastructure,
Architecture, and Modernization, CIBC. "This includes a focus on AI
research and training for team members including senior leaders, to
ensure that the entire organization is equipped to leverage the
benefits of AI creating a better client experience, supported by
our Trustworthy AI governance framework."
To align with its AI talent strategy, CIBC will expand its
access and support for a range of programs provided by Vector,
including: professional development for CIBC team members,
preferred recruitment channels for AI talent, ongoing guidance and
technical learning to further generate career opportunities within
the bank.
CIBC is a founding sponsor of the Vector Institute, and since
its inception in 2017 has played an ongoing role in helping to
advance Canadian AI research. More recently the bank has
participated in Vector's Dataset Shift Project, an
industry-academia collaboration in response to the pandemic and the
shifts that it brought about in consumer behaviour, and the bank
hosted an AI Research: Trustworthy AI & MLOps panel
featuring Vector, which explored principles and practices
helping to guide the ethical development and management of AI
systems. CIBC has also collaborated with Vector research to publish
a paper at the EMNLP 2022 conference for Neural Agent Assistance
for customer Service Support with language model and generative
AI.
"As an early adopter of AI, and working with Vector since its
founding in 2017, CIBC has played a key role in helping build
Canada's enviable AI ecosystem.
Vector has collaborated on a number of AI projects with CIBC over
the years and witnessed the bank's unwavering commitment to
innovation through the adoption of leading-edge AI tools and
methodologies and by providing learning opportunities for talent
that enhance the client experience. We are thrilled to be growing
our strong partnership," said Cameron
Schuler, Chief Commercialization Officer and Vice President
Industry Innovation, Vector Institute.
"CIBC's collaborative work with the Vector Institute has helped
to advance the principles of AI learning not just in Canada, but globally, which has positively
influenced top talent in tech, ultimately helping make the
ambitions of our clients and communities real," added Gillespie.
"As we look to the future of this field, there continues to be so
much potential for innovation. Deepening our relationship with
Vector at this time is an important and proud next step in CIBC's
commitment to AI learning and research."
About CIBC
CIBC is a leading North American financial institution with 14
million personal banking, business, public sector and institutional
clients. Across Personal and Business Banking, Commercial Banking
and Wealth Management, and Capital Markets and Direct Financial
Services businesses, CIBC offers a full range of advice, solutions
and services through its leading digital banking network, and
locations across Canada, in
the United States and around the
world. Ongoing news releases and more information about CIBC can be
found at www.cibc.com/ca/media-centre.
SOURCE CIBC