AI moves deeper into regulated finance and state power

Reuters reports that Lloyds Banking Group has begun piloting an AI tool through Scottish Widows to help customers with investment guidance, making it the first UK lender to roll out such a product. AI is now being placed closer to consumer-facing financial decision support while the FCA is simultaneously reviewing how AI could reshape market power, supervision and the boundary between guidance and regulated advice.

AI oversight shifts towards infrastructure

Reuters reports that Google is discussing a deal with the US Department of Defense that could allow Gemini models to be deployed in classified settings for lawful uses. That is notable not because the arrangement is final, but because it shows frontier models moving further into state security infrastructure.