Tuesday newspaper round-up: Faculty AI, Wolford, Denise Coates
By Michele Maatouk
Date: Tuesday 07 Jan 2025
(Sharecast News) - A company that has worked closely with the UK government on artificial intelligence safety, the NHS and education is also developing AI for military drones. The consultancy Faculty AI has "experience developing and deploying AI models on to UAVs", or unmanned aerial vehicles, according to a defence industry partner company. - Guardian
The luxury tights and lingerie brand Wolford has apologised after heavy criticism from customers over delays to orders and refunds, admitting its delivery services were overstretched. Shoppers have taken to the reviews site Trustpilot to warn others against making orders, with some saying they had waited for more than a month for their goods to arrive and had been unable to obtain a refund. - Guardian
Britain has become Europe's largest electric car market for the first time ever as tough net zero sales targets prompt manufacturers to offer steep discounts. The UK outsold Germany last year and surged ahead of France after a rise in electric vehicles (EV) registrations at the end of 2024. It came as the Government confirmed plans to bring forward Britain's petrol and diesel ban from 2035 to 2030. Heidi Alexander, the Transport Secretary, said the plans, which will exempt some hybrid vehicles until 2035, would "give confidence to consumers considering making the switch". - Telegraph
Reforms to encourage Britain's multi-employer pension schemes to merge must not go so far that the industry is reduced to a "sub-optimal oligopoly", one of the most acquisitive master trusts has warned. Andrew Evans, chief executive of Smart Pension, which after recent acquisitions will soon be looking after the retirement pots of two million people, said it was important that innovative new entrants could still break into the industry. - The Times
Denise Coates is believed to have received more than £150 million from her family's gambling business, maintaining her position as one of Britain's richest executives. The total pay for the joint chief executive of Bet365, based in Stoke-on-Trent, was £158.7 million for the year to the end of last March, newly filed accounts suggest, although that is a significant decrease from £270.7 million the previous year. - The Times
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