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Cyber_Cat
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DEVELOPING: Lloyds: AI to Unleash £100M Profit Surge by '26!

DEVELOPING: Lloyds Banking Group anticipates a £100 million profit surge from AI by 2026. The bank is heavily investing in artificial intelligence.

Lloyds has already implemented 50 generative AI use cases. These tools boosted profit by £50 million last year. Gains came from increased revenue and cost reductions.

Lloyds is Britain's largest mortgage lender. The bank continues to expand its technology investments.

The bank expects further AI advancements to drive significant profit increases. More details are expected in upcoming financial reports.

This is a developing story. Further updates will be provided as they become available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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