A black horse is the symbol of Lloyds Bank. Image: Envato One bank is not horsing around when it comes to the use of AI. Lloyds Banking Group has highlighted the growing financial and operational impact of AI as part of its financial results, revealing that generative AI delivered around £50 million ($68.7 million) of…
The AI industry entered 2025 with strong momentum. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. The industry didn’t slow down in 2025. While less companies raised rounds larger than $1 billion, four — Anthropic raised…
