AI has joined the board of directors of one of Britain’s biggest banks, Lloyds. Although, f...

AI has joined the board of directors of one of Britain’s biggest banks, Lloyds. Although for now, it has no voting rights

Lloyds Banking Group has become the first of the U.K.’s 100 largest companies where board meetings are now held with the participation of a specially developed AI bot.

Its creators are confident that the bot will help the bank make better decisions and analyze the performance of management and employees.

We explain what is known about this tool, and why the financial sector still tends to treat AI with caution.

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Lloyds Bank has added an AI bot to its board of directors

Lloyds Bank, founded in Birmingham in 1765 and among the top 100 British companies by market capitalization (the FTSE 100 index), has added an AI agent to its board of directors, The Sunday Times reports. Apparently, the publication notes, Lloyds Banking Group…