CIBC

CIBC is joining Creative Destruction Lab “Putting AI to Work” program. The Big Five Bank will be part of a cohort consisting of organizations from various sectors all focused on integrating AI across their businesses. The cohort will participate in a 12-month program designed to facilitate the development and sharing of best practices within Canada’s AI ecosystem.

“Working with Creative Destruction Lab gives CIBC a unique opportunity to work with industry leaders in furthering our approach to AI and how it can be leveraged to deliver against our client-focused strategy,” stated Dave Gillespie, Executive Vice-President of Infrastructure, Architecture and Modernization at CIBC. “This collaboration is a progressive next step in CIBC’s commitment to recognizing the transformative potential of AI.”

Want to know more? Check out the source code on Fintech.ca.

CIBC announced plans to hire for 200 AI-related roles.The emphasis aligns with CIBC’s new AI-focused strategy, which includes a strengthening of its relationship with the Vector Institute, a nonprofit corporation dedicated to advancing the field of AI.

“Now is the right time to add to our talent base through hiring and up-skilling in data and AI focused roles, as we leverage this new technology to do more for our clients and deliver a better experience for team members,” stated Christina Kramer, Group Head of Technology, Infrastructure, and Innovation for CIBC. “AI talent is in demand across the industry and we have a compelling value proposition.”

Want to know more? Check out the source code on Fintech.ca.