Lloyds Banking Group is taking a significant step into the world of artificial intelligence with a major recruitment drive, aiming to hire 300 tech experts to work on its use and development of agentic AI. The move comes just weeks before the bank's CEO, Charlie Nunn, is set to unveil a new strategic plan for the 261-year-old lender. While the immediate focus is on expanding the bank's capabilities with AI, the long-term implications of this technology are far-reaching, and experts warn that broader adoption could lead to job cuts in the future. As the bank invests heavily in autonomous AI models that can plan and execute tasks with minimal human oversight, concerns are growing about the potential impact on the workforce.
Exclusive: While recruits will increase headcount for now, broader adoption of AI could lead to jobs cuts in futureLloyds 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...
