Author: Scott Dylan

The UK government has earmarked £100 million to bolster AI regulation in an effort to foster a more agile regulatory environment, augment economic growth, and ensure public safety.This initiative coincides with an additional £10 million allocation aimed at upskilling regulators to address the risks and opportunities posed by AI technology. The fund is intended to support regulators in sectors ranging from telecommunications and healthcare to finance and education through cutting-edge research and practical tools.According to Michelle Donelan, Secretary of State for Science, Innovation, and Technology, the UK’s pioneering approach to AI regulation positions it as a global leader in AI…

At a recent Parliamentary summit, fintech leaders urged the government to implement stricter AI regulations.The call comes amid growing concerns about the ethical deployment of AI technologies within financial services.The Summit’s Key ProposalsThe Parliamentary Digital Economy summit highlighted the necessity for a strong regulatory framework to effectively integrate quantum computing and AI into financial services. With over 75 industry experts, academics, and fintech executives in attendance, there was a unanimous agreement on the need for responsible AI deployment.Industry Experts Speak OutDigital assets expert Mimi Kufuor emphasised the importance of seamless transactions between the UK’s digital economy and Africa. “We aim…

The UK government’s decision to abandon plans for a voluntary AI code of conduct has raised significant concerns across the creative and tech sectors.The initiative aimed to establish rules for AI model training using copyrighted material but failed due to lack of consensus among stakeholders.Experts highlighted the substantial financial and human resource requirements needed for transparency and questioned the feasibility for smaller firms.Content creators and rights holders fear that tech companies might exploit their work without proper compensation, citing ongoing lawsuits in the US as a cautionary example.The government remains committed to fostering innovation, with a forthcoming white paper expected…

Cloud mining has rapidly gained traction as an accessible entry point into cryptocurrency mining. Unlike traditional mining, which demands significant upfront investments and technical know-how, cloud mining platforms enable users to lease mining power from remote data centres. The popularity of these platforms can be attributed to their ability to remove the financial barriers and complexities historically associated with mining, thus enabling a broader audience to participate in the crypto economy.Cloud mining simplifies the traditionally complex process of cryptocurrency mining, making it more accessible to individuals without substantial initial investments. By offering subscription-based models, users can lease mining power hosted…

Moschino welcomes Adrian Appiolaza as the new creative director, succeeding the late Davide Renne.Appiolaza, formerly of Loewe, will debut his first Moschino collection in Milan on 22 February 2024.Appiolaza’s extensive fashion career includes stints with Chloé, Louis Vuitton, and Miu Miu.Massimo Ferretti praises Appiolaza’s creativity and historical knowledge in fashion.Appiolaza is eager to begin a new chapter for Moschino with a theatrical flair.Buenos Aires-born Adrian Appiolaza has been appointed as the new creative director of Moschino, marking a significant transition for the fashion house. His appointment follows the untimely death of his predecessor, Davide Renne, who passed away only ten…

Boohoo Group’s financial leadership sees a strategic change with the appointment of Stephen Morana.Shaun McCabe, who joined Boohoo 15 months ago, steps down as CFO immediately.Morana brings experience from Betfair and Zoopla to his new role, starting 19 February.Boohoo assures stakeholders that trading aligns with market expectations and results are due in May.Group chairman Mahmud Kamani expresses confidence in Morana’s ability to drive growth.Boohoo Group has announced a significant alteration in its financial leadership, appointing Stephen Morana as its new Chief Financial Officer (CFO). This decision signifies a strategic move to bolster Boohoo’s growth ambitions. Shaun McCabe, who had served…

This year marks a historic shift in the smartphone industry. Apple has officially surpassed Samsung to become the world’s largest phonemaker. The development follows a significant decline in global smartphone sales, influenced by economic pressures and changing consumer priorities.According to the International Data Corporation (IDC), Apple accounted for more than a fifth of the phones shipped last year. This milestone is notable as it is the first time Apple has captured the top spot in the market, edging out Samsung, which held the position for the past twelve years.Apple’s Milestone AchievementApple’s achievement is significant as it sold over 234 million…

The annual technology conference in Las Vegas has once again opened its doors, showcasing an array of innovative gadgets and appliances.With over 100,000 attendees expected, the conference promises to highlight the latest advances in consumer electronics, from smart home devices to portable technology solutions.The buzz around AI was palpable, with numerous products leveraging machine-learning capabilities. Among the standout items was a multifunctional cleaning robot capable of vacuuming, mopping, and steam cleaning. This device utilises AI to detect stains, return to its station to heat mop pads, and then return to steam clean the area.The flying car is designed for operation…

As Christmas 2023 approaches, supermarkets have identified key trends in festive food and drink with a focus on plant-based options, innovative flavours, and social media-driven dining experiences.Despite challenges faced by vegan retailers, supermarkets anticipate strong performance for plant-based foods this Christmas, with Waitrose and Tesco leading the charge.Social media influences like TikTok have elevated the popularity of graze and charcuterie boards, leading supermarkets to create unique offerings for festive gatherings.Traditional Christmas staples, including turkey, are being reimagined, with supermarkets offering diverse centrepiece options to cater to various preferences.The demand for no and low alcohol drinks continues to rise, prompting supermarkets…

Alo Yoga, the Los Angeles-based athleisure brand, is launching its first UK flagship store in London on 17 November 2023.The 4,000 sq ft store is located at 33 King’s Road and marks the brand’s debut physical presence in the UK.This launch is part of Alo Yoga’s strategic expansion into the UK, with two additional London stores planned for 2024.Alo Yoga aims to connect with the thriving yoga and fitness community in Europe through its retail expansion.Founded in 2007, Alo Yoga’s journey from yoga apparel to a diverse product line is complemented by UK partnerships with major retailers.The highly anticipated debut…