The Globe and Mail reports in its Saturday edition that in 2018, TD Bank scooped up artificial intelligence start-up Layer 6 Inc. and its 17 AI experts testing the nascent technology. The Globe's Stefanie Marotta writes that while artificial intelligence at the time was a futuristic plot point in the movies, TD was signalling its belief that the technology would one day transform the banking sector. Eight years later, the promise of AI is taking hold. TD is expanding AI research and development centre Layer 6 from its corner office of MaRS Discovery District to take over the entire floor, filling a hole left when Meta Platforms moved out. AI has gone from an experimental concept to a key platform that the bank is using to build tools that will put more products and services into the hands of clients. Investors and analysts have been eagerly awaiting evidence that AI tools can drive revenue and bolster profits, and banks say they are close to delivering on this goal. TD expects to generate $1-billion in annual value from AI by 2028, with $500-million in annualized revenue generation. Royal Bank of Canada, meanwhile, expects to generate between $700-million to $1-billion in enterprise value from AI by 2027.