Most Canadians are worried AI is advancing too quickly, and they expect banks to have the answers, says study

By Howard Solomon A new report highlights a growing fear among Canadians that's tied to the rapid advancement of artificial intelligence. An online study conducted by Environics Research Group revealed that 77 per cent of Canadians are concerned that AI is advancing too quickly to properly understand its potential risks. The survey of 1,200 Canadians was sponsored by TD Bank back in May, and also indicated a growing concern around biases in how the technology is developed. Additionally, sixty per cent of Canadians worry about a lack of diversity in the growing field of AI. The results don't shock Tomi Poutanen, chief AI officer for TD and co-founder of Layer 6, but he said they do signal a growing awareness of AI's transformative capabilities, and people are looking to banks to validate its adoption.