300 Lloyds execs grab backpacks for AI training at Cambridge
All execs eventually will receive AI training
Lloyds Bank is training its top executives on AI so they can better work with AI-driven tools as the bank deploys the technology.
The London-based $1.1 trillion bank sent 300 senior executives to University of Cambridge to learn AI.
“The end goal is for attendees to understand what AI is, what it can do and how it is applied to business problems,” a Lloyds spokesperson told Bank Automation News. “Our current training program focuses on helping the [senior leadership team] adopt an AI-first mindset.”
To complete the six-month training, executives must clock 80 hours of in person instruction at Cambridge. Leaders will learn to reimagine business functions with AI, build AI teams and AI capabilities, and ultimately develop an understanding of Lloyds’s AI strategy and technology, the spokesperson said.
The bank has already deployed AI for:
- Hiring processes;
- Coding assistance; and
- Cybersecurity.
The bank is undertaking a “top-down vision” with the AI training, starting with senior leadership, the spokesperson said, adding that eventually all employees will be trained on AI.
Other FIs like Citizens, JPMorgan and Synchrony have also deployed AI training for employees.
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