Lloyds Expects £100 Million Boost from AI Spend in 2026

Lloyds Banking Group Plc expects to see a £100 million ($138 million) benefit from using artificial intelligence this year as the bank continues investing heavily in technology.

Britain’s biggest mortgage lender said it has already scaled 50 generative AI use cases into full production, and tools like these helped boost profit by £50 million last year through both revenue gains and cost savings.