Lloyds Banking Group to hire 300 tech experts to work on AI

AI Summary

Lloyds Banking Group is hiring 300 AI tech experts to advance its autonomous AI initiatives, aiming for deployment by September. The move precedes a strategic plan unveiling and reflects both growth and potential future job shifts due to AI adoption.

Exclusive: While recruits will increase headcount for now, broader adoption of AI could lead to jobs cuts in future Lloyds Banking Group has launched an AI recruitment drive for 300 tech experts, weeks before its chief executive, Charlie Nunn, unveils a strategic plan for the 261-year old lender. The bank said it intended the recruits to work on its use and development of agentic AI by September, referring to autonomous artificial intelligence models that can plan and execute tasks with minimal human oversight. Continue reading...