Lloyds has announced that it is putting its chief executive and all senior leaders through a six-month Cambridge artificial intelligence training bootcamp, as the bank puts its full weight behind the technology.

CEO Charlie Nunn and his executive team will be taught to reimagine the future of banking with generative AI under the training, according to the Press Association.

Around 300 senior managers across the banking group are expected to take part in the bespoke programme, created with education technology firm Cambridge Spark and designed with experts from the University of Cambridge.

More than 110 Lloyds bosses have already completed the 80-hour course, which launched in March and takes six months to do.

The entire executive committee, which includes Mr Nunn, finance chief William Chalmers and Scottish Widows boss Chirantan Barua, are expected to complete the programme by the end of 2026.

Lloyds has been accelerating its shift to online banking and shutting more of its UK branches. The bank has also announced Bristol as its ‘AI capital’ of the UK, with the largest concentration of experts on the technology in the city.