Author: Scott Dylan
Scott Dylan
Scott Dylan is an accomplished entrepreneur, investor, and philanthropist, best known as the co-founder of Inc & Co and founder of NexaTech Ventures. With a focus on rescuing distressed businesses and supporting AI and tech startups, Scott’s expertise spans multiple sectors including technology, retail, and logistics. A passionate mental health advocate, drawing from his experience with Complex PTSD, Scott frequently writes about business transformation, AI integration, and leadership. Outside of work, he enjoys travelling, music, and spending time with his partner Gareth.
Ameba, a London-based AI platform, announces a significant seed funding success, raising £5.3 million to drive innovation in supply chain insights.Ameba’s platform automates data extraction across supply chains to enhance product source and status insights.The startup was founded in 2023, aiming to tackle inefficiencies in traditional supply chain management systems.Key investors in this round include Hedosophia, Anamcara, and Visionaries Club, reflecting strong market confidence.Ameba’s goal is to transform supply chains into growth engines amid increasing complexity and fragmentation.Ameba, an innovative AI startup based in London, has successfully secured £5.3 million in a seed funding round, aimed at bolstering its cutting-edge…
The Bank of England has issued a stern warning regarding the UK’s susceptibility to a credit crunch, prompted by global market vulnerabilities and geopolitical tensions.While interest rates have started to decline, market volatility remains a significant concern, exacerbated by rising borrowing costs and substantial hedge fund bets against US Treasuries.Global Market Risks IdentifiedThe Financial Policy Committee (FPC), chaired by governor Andrew Bailey, has flagged several global risks impacting the market. These include concerns about economic growth, rising tensions in the Middle East, and substantial bets against US bonds ahead of the November elections. Together, these elements create a precarious environment…
The onset of the respiratory virus season in the United States signals the importance of timely vaccinations. October emerges as a critical month for getting flu and Covid-19 shots to ensure maximum protection.Vaccinations for Covid-19, flu, and RSV are already accessible. This article delves into why getting vaccinated in the autumn is essential, detailing the latest recommendations and the effectiveness of available vaccines.Covid-19 VaccinesThe CDC strongly recommends that individuals aged 6 months and older receive the Covid-19 vaccine this season for optimal protection. With the virus continually evolving, newer vaccine versions could offer enhanced defence against severe diseases by targeting…
Whole Foods Market is searching for innovative brands to expand its retail offerings.The Supplier Pitching Event will occur on 7 November at its head office.Local and emerging brands are prioritised, with adherence to quality standards.Successful applications will be ready to launch in stores by January 2024.Jade Hoai emphasizes the importance of innovation, diversity, and inclusion.Whole Foods Market has launched a new initiative to discover and promote innovative and mission-driven suppliers. The upcoming ‘Supplier Pitching Event’ is scheduled for 7 November at the company’s head office. This event aims to identify standout names in food, drink, body care, and lifestyle categories.The…
OT Group reports a significant financial loss as it plans to exit the UK market.The group reported a pre-tax loss of £52.5 million for 2023, up from £15.8 million in 2022.Office Depot’s turnover decreased from £120.8 million to £109.8 million in the same fiscal year.Persistent low office occupancy and changes in work habits are cited as key challenges.The group’s UK operations are being sold, marking the end of its presence in the region.OT Group, the parent company of Office Depot and Spicers wholesale brand, has announced its decision to exit the United Kingdom market amidst acknowledging severe financial losses. The…
The UK government is evaluating a new approach in employment law to tackle the rising number of long-term sickness cases. Led by Deputy Prime Minister Angela Rayner and Business Secretary Jonathan Reynolds, the focus is on introducing flexible probation periods.This strategy aims to balance business interests with employee rights, encouraging firms to reintegrate workers who have been on long-term sick leave without the looming threat of legal repercussions.Flexibility in Probation PeriodsDeputy Prime Minister Angela Rayner and Business Secretary Jonathan Reynolds are steering discussions on flexible probation periods as a strategy to mitigate the UK’s record 2.8 million workers on long-term…
Fashion designer Hedi Slimane has departed from Celine, marking the end of a transformative era for the brand.Slimane took on the role of creative director in 2018, following his successful tenure at Dior Homme and Saint Laurent.During Slimane’s leadership, Celine has seen remarkable growth and solidified its status in the fashion world.The luxury brand praised Slimane for laying a strong foundation for Celine’s future successes.LVMH, the parent company of Celine, has yet to announce who will succeed Slimane.In a significant move within the fashion industry, Hedi Slimane has exited his role as creative director of Celine after a notable seven-year…
Artificial intelligence (AI) may soon revolutionise healthcare. Demis Hassabis, CEO of DeepMind, forecasts a future where AI could cure all diseases within the next decade.Speaking at The Times Tech Summit, Hassabis articulated his vision of achieving artificial general intelligence (AGI) with potential applications extending to groundbreaking medical advancements.The Promise of Artificial General IntelligenceHassabis defines AGI as a system capable of performing any cognitive task that humans can. This has always been the ultimate goal for AI, and DeepMind is actively pursuing it. He stated that achieving AGI is within reach, requiring only ‘two or three big innovations.’Notably, AGI could bring…
Starling Bank has been hit with a £29m fine by the FCA for violations related to financial crime prevention.The bank repeatedly breached prohibitions on opening accounts for high-risk customers, exposing the financial system to potential abuse.A significant increase in Starling’s user base from 43,000 in 2017 to nearly four million by 2023 did not coincide with adequate crime prevention measures.Between 2021 and 2023, Starling opened 49,000 accounts for high-risk individuals, violating FCA standards.Starling Bank has accepted the findings and is implementing extensive measures to strengthen its compliance and risk management frameworks.Starling Bank has been fined £29m by the UK Financial…
B&Q has introduced a ‘Refurbished by B&Q’ range, sourcing products from customer returns in a recent launch.The refurbished products undergo rigorous checks and cleaning to ensure ‘like new’ standards before sale.In addition, B&Q has broadened its tool hire service, offering over 100 products for hire.The retailer prioritises affordability and waste reduction, providing cost-effective and sustainable options for customers.This expansion reflects B&Q’s commitment to facilitating customer projects with reliable and eco-friendly solutions.B&Q has unveiled its latest initiative by launching a refurbished product range named ‘Refurbished by B&Q’. These items, derived from customer returns, are meticulously checked and cleaned by the retailer’s…
