Lloyds Banking Group to Boost AI Team with 300 New Tech Hires

Lloyds Banking Group is set to recruit 300 technology specialists focused on advancing its artificial intelligence capabilities. This move, announced just before CEO Charlie Nunn reveals a new strategy for the historic 261-year-old bank, aims to enhance the development of agentic AI — autonomous systems capable of performing tasks with limited human intervention. While these additions will increase staff numbers initially, the bank cautions that wider AI integration could eventually reduce jobs.