The Toronto-Dominion Bank (TD.TO) Thursday said it has introduced enterprise-wide Responsible AI Principles, to help ensure that innovation is guided by "strong oversight, transparency and accountability".
The Principles establish seven commitments to guide how AI is developed, deployed and used across the bank. These commitments address laws that already apply to financial institutions, as well as transparency, data use and privacy, reliability, and security.
TD is incorporating the Responsible AI Principles into employee education programs.
TD shares opened up C$1.59, to C$166.11, on the Toronto Stock Exchange.
Price: $166.46, Change: $+1.94, Percent Change: +1.18%