TD Bank Group has announced a strategic partnership with AI company Cohere, committing up to $25 million over three years to accelerate AI adoption across the bank. The collaboration involves Layer 6, TD's Toronto-based AI research centre acquired in 2018, working alongside Cohere at the MaRS Discovery District. The focus will be on applying secure enterprise AI models to improve productivity, decision-making, and client experience, including work on AI agents and enhanced workflows.
Earlier in September, TD also announced a five-year, $150 billion commitment to accelerate investment in key sectors including AI, signaling the bank is betting big on the technology's potential. Cohere CFO François Chadwick and TD executive vice-president Rizwan Khalfan spoke about the collaboration publicly at the MaRS Discovery District.
In separate corporate AI news, Salesforce CEO Marc Benioff revealed that Microsoft's close ties to OpenAI prevented Salesforce from investing in the ChatGPT maker. Instead, Benioff backed Anthropic and expanded Salesforce's Claude and Slack partnership. Salesforce reported record second-quarter revenue of $11.3 billion and raised its full-year guidance, with Benioff projecting Anthropic could earn tens of billions when it goes public.
SK Hynix is emerging as a dominant force in the AI hardware supply chain. The company controls 50% of the high-bandwidth memory market used in AI accelerators, well ahead of Samsung's 33% share. Citi estimates HBM bit demand could grow 62% in 2027 and 69% in 2028. SK Hynix's revenue jumped 3.5 times year over year in Q2, with operating profit up 6.5 times, and analysts rate the stock a buy with a median price target of $245.
On the regulatory and safety front, Dr. Jade Leung has been named Vice-Chair of the UK's AI Security Institute and Security Advisor to the AI Taskforce. She helped build the AISI and secure a landmark AI deal between the UK and Ukraine. She will step down from her full-time roles at the end of September and become a Distinguished Visiting Fellow at Stanford University's Hoover Institution.
OpenAI is expanding its Daybreak program to Ukraine, providing AI tools to help defend civilian infrastructure from cyber attacks. The announcement came during the UN General Assembly. Ukraine's CERT-UA recorded nearly 6,000 cyber incidents in 2025, targeting hospitals, energy, and telecom systems. OpenAI will help identify vulnerabilities and test fixes.
Meanwhile, AI-related IPOs are being postponed as investors grow more cautious about risk, with the slowdown affecting smaller deals more than major AI trades. Epic Systems, on the other hand, is keeping its AI and interoperability roadmap on track despite increasing its cybersecurity focus. A spokesperson confirmed the schedule from its August 2026 Users Group Meeting has not shifted.
Public use of AI for personal decisions is widespread but risky. Nearly half of Americans have used an AI chatbot for advice on relationships, careers, parenting, and health. Experts warn against relying on AI for medical diagnoses, financial advice, legal guidance, or major life decisions, noting that different chatbots have different strengths, such as ChatGPT for general use and Claude for writing.
S&P Global has 500 customers using model context protocol connectors and saw significant growth in data usage through APIs and large language model calls, though its stock fell 6.7% over the past month and 21.5% year to date. In medical AI, researchers developed MedGate-Fusion, a multi-mode model combining clinical narratives with ten routine biomarkers to predict stroke risk, using 102,736 unique patient records from the Canadian Primary Care Sentinel Surveillance Network.
Key Takeaways
- TD Bank invested up to $25 million over three years in a partnership with Cohere, working through its AI centre Layer 6 at MaRS Discovery District.
- Salesforce CEO Marc Benioff said Microsoft blocked Salesforce from investing in OpenAI, prompting the company to back Anthropic instead.
- SK Hynix controls 50% of the high-bandwidth memory market powering AI chips, with HBM bit demand projected to grow 62% by 2027.
- OpenAI is offering Ukraine cyber defense tools through its Daybreak program, announced at the UN General Assembly.
- AI-related IPOs are being delayed as investors pull back on risk, with smaller deals hit hardest.
- Dr. Jade Leung named Vice-Chair of the UK's AI Security Institute, stepping down from full-time roles in September.
- Nearly half of Americans use AI chatbots for life decisions, but experts warn against relying on them for medical, financial, or legal advice.
- Epic Systems keeps its AI roadmap on track despite increasing cybersecurity focus.
- S&P Global has 500 customers using model context protocol connectors, though its stock is down 21.5% year to date.
- MedGate-Fusion AI model predicts stroke risk using clinical narratives and ten biomarkers from over 102,000 patient records.
TD Bank invests $25 million in AI partnership with Cohere
TD Bank Group announced a strategic relationship with Cohere to support AI development and adoption. The agreement includes an initial investment of up to $25 million over three years. Layer 6, a Toronto-based AI company acquired by TD in 2018, will collaborate with Cohere. The partnership aims to improve productivity, decision-making, and client experience at the bank. Cohere will work with Layer 6 at the MaRS Discovery District.
TD Bank and Cohere team up for $25M AI adoption effort
TD Bank Group announced a strategic relationship with Cohere to support artificial intelligence development and adoption. The lender says the agreement includes an initial investment of up to $25 million over three years. Layer 6, a Toronto-based AI company acquired by TD in 2018, will collaborate with Canadian AI firm Cohere. A team from Cohere will work with Layer 6 at the MaRS Discovery District. Earlier in September, TD announced a five-year $150 billion commitment to accelerate investment in key sectors including AI.
TD's Layer 6 and Cohere launch $25M AI collaboration
Toronto-Dominion Bank announced a $25-million collaboration between its AI research centre Layer 6 and Toronto-based large language model developer Cohere. The partnership will explore how Cohere's secure enterprise AI models could be applied within TD to improve productivity, decision-making, and client experience. The work will span AI agents and enhanced workflows. Cohere CFO François Chadwick and TD executive vice-president Rizwan Khalfan spoke about the collaboration at the MaRS Discovery District. TD has been investing heavily in AI for years and has seen significant results.
SK Hynix leads the memory market powering AI chips
SK Hynix is a leading manufacturer of high-bandwidth memory (HBM) used in AI accelerators. Citi estimates HBM bit demand could jump by 62% in 2027 and 69% in 2028. SK Hynix controls 50% of the HBM market, well above Samsung's 33% share. The company's revenue jumped 3.5x year over year in Q2, while operating profit was up 6.5x. Analysts rate SK Hynix as a buy with a 12-month median price target of $245.
SK Hynix builds the memory behind the AI supercycle
The AI Supercycle refers to the rapid growth of AI technologies transforming industries and creating new business opportunities. SK Hynix is a key player in the high-bandwidth memory (HBM) market and a leading manufacturer of memory chips essential for AI development. The company has been investing heavily in research and development. Its products are used in data centers, cloud computing, and the Internet of Things. SK Hynix is well-positioned to capitalize on growing demand for faster and more efficient computing and storage solutions.
AI IPOs delayed as investors pull back on risk
AI-related IPOs are being postponed as investors grow more cautious about the risks. The slowdown affects smaller deals more than major AI trades. Market uncertainty is growing, and it is unclear what this means for future AI investments.
Benioff says Microsoft blocked Salesforce from OpenAI, so he backed Anthropic
Salesforce CEO Marc Benioff said Microsoft's close ties to OpenAI kept Salesforce from investing in the ChatGPT maker. He turned to Anthropic instead and believes it could earn tens of billions when it goes public. Salesforce also expanded its Claude and Slack partnership. The company reported record second-quarter revenue of $11.3 billion and raised its full-year guidance.
OpenAI gives Ukraine cyber defense tools through Daybreak program
OpenAI is offering Ukraine access to its Daybreak program to help defend civilian infrastructure from cyber attacks. The announcement was made during the UN General Assembly. Ukraine's CERT-UA recorded nearly 6,000 cyber incidents in 2025, targeting hospitals, energy, and telecom systems. OpenAI will provide AI tools to find vulnerabilities and test fixes.
Epic Systems prioritizes cybersecurity while keeping AI plans on track
Epic Systems is increasing its focus on cybersecurity as cyber threats grow. The company says its product roadmap remains unchanged from its August 2026 Users Group Meeting. AI and interoperability goals are still moving forward. A spokesperson confirmed the schedule has not shifted.
Dr Jade Leung named Vice-Chair of AI Security Institute
Dr Jade Leung will become Vice-Chair of the AI Security Institute and Security Advisor to the AI Taskforce in the UK. She will step down from her full-time roles as the Prime Minister's AI Adviser and CTO of the AISI at the end of September. She helped build the AISI and secure a landmark AI deal between the UK and Ukraine. She will also become a Distinguished Visiting Fellow at Stanford University's Hoover Institution.
Many Americans Rely on AI for Life Decisions
Nearly half of Americans have used an AI chatbot for answers about relationships, careers, parenting, and health. Experts warn that AI can make up false information called hallucinations. People should not use AI for medical diagnoses, financial advice, legal guidance, or major life decisions. Different chatbots have different strengths, such as ChatGPT for general use, Claude for writing, and Gemini for current information.
S&P Global May Be Overvalued Amid AI Growth
S&P Global has 500 customers using model context protocol connectors and saw large growth in data usage through APIs and large language model calls. The stock price fell 6.7% over the past month and 21.5% year to date. Its one-year total shareholder return declined 13.6%, while its three-year return was positive at 19.7%.
New AI Model Predicts Stroke Risk Using Patient Records
MedGate-Fusion is a multi-mode AI architecture that combines clinical narratives with ten routine biomarkers to predict stroke risk. Researchers used electronic medical record data from the Canadian Primary Care Sentinel Surveillance Network. They started with 808,928 encounter-level observations and kept 102,736 unique patient records for a five-year stroke outcome evaluation. The team redacted stroke-related terms from notes before analysis to reduce target leakage.
Sources
- TD announces $25 million strategic relationship with Cohere to support AI adoption
- TD Bank announces $25M collaboration with Cohere to facilitate AI adoption
- TD’s Layer 6 and Cohere embark on $25-million AI collaboration
- The AI Supercycle Needs More Than Just Chips. This Growth Stock Builds the Memory Behind Them.
- The AI Supercycle Needs More Than Just Chips. This Growth Stock Builds the Memory Behind Them.
- AI-related IPOs postponed as investors grow cautious
- Marc Benioff Says Microsoft Shut Salesforce Out Of OpenAI — So He Bet On Anthropic Instead, And It Could Pay 'Tens Of Billions'
- OpenAI extends cyber access to Ukraine for civilian defense
- Epic shifts focus to cybersecurity while AI, interoperability agenda still on track, company says
- Dr Jade Leung appointed Vice-Chair of the AI Security Institute and Security Advisor to the AI Taskforce
- Outsourcing Your Life To AI
- S&P Global (SPGI) Could Be 6% Overvalued As AI Momentum Meets Valuation Questions
- MedGate-Fusion: Integrating First-Encounter Semantic Narratives and Physiological Biomarkers for Prospective Stroke Risk Stratification
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