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Scottish entrepreneur Mark Glasgow has launched an AI platform which he believes will transform the way construction companies are run. Founder of the Edinburgh Boiler Company (EBC) and the Energy Training Academy (ETA), he says he has never been more excited about a business venture.

HSBC is reportedly considering cutting up to 20,000 jobs globally as part of a medium-term restructuring plan that would see the bank lean heavily on artificial intelligence to reduce its headcount. According to Bloomberg, chief executive Georges Elhedery is exploring the use of AI to streamline bac

Scotland’s businesses would benefit from a regionally-balanced, investment-led growth model, the Scottish Chambers of Commerce has said, responding to Rachel Reeves’ Mais Lecture. The business organisation backed the Chancellor’s vision of an "active and strategic state" to drive p

More than two-thirds (72%) of accounting professionals fear that generative artificial intelligence (Gen AI) could produce errors or reach incorrect decisions, according to a year-long research study commissioned by the Institute of Chartered Accountants of Scotland (ICAS). The findings come from a

New findings from Bank of Scotland’s Business Barometer show that AI is helping Scottish firms work more efficiently and unlock new opportunities for growth. Scottish businesses integrating AI into their operations are reporting significant financial benefits, with 96% seeing increased product

A partner at KPMG Australia has been fined AU$10,000 (c. £5,200) after being caught using artificial intelligence to cheat on an internal training module – ironically, one focused on the professional use of AI. The firm’s monitoring systems detected the individual uploading course

Katharine Wooller, chief strategist – financial services at Softcat plc, looks at how growing AI adoption may be putting financial services industry jobs at risk. Financial Services is often seen as the poster child for AI driven efficiencies. AI excels in data-rich environments, and our indus

DataVita’s site in North Lanarkshire has been designated a UK AI Growth Zone, unlocking £8.2 billion private investment for the region – one of the largest technology commitments in Scottish history. The project brings together three integrated components: 500MW of AI-ready data ce

The FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators.

Aveni has launched Transformation Nation: The AI Innovation Shift in financial services, a new thought leadership report examining the practical adoption of artificial intelligence across the UK financial sector. Drawing on candid insights from senior leaders in wealth management, life insurance, an

Everyone is talking about it – but is AI really having an impact on how business is done in real estate? Scott Ritchie takes a look. I recently took part in a round table of developers, operators, funders, and industry bodies to discuss whether its effects were being felt in Scotland and the r

Visa has confirmed it remains on schedule to deliver secure, personalised AI-enabled commerce to consumers by early 2026, signalling a major evolution in online retail. This aligns with a significant shift in consumer behaviour, as new research indicates that nearly half of US shoppers now utilise A

Independent financial advisers Lonsdale Services has deployed Aveni Assist, an AI automation platform from AI Fintech Aveni, across its wealth management team, resulting in hundreds of hours saved each month and the ability to share information with customers quicker.   Lonsdale introduced Aven

The Financial Conduct Authority (FCA) is working with major firms to test Artificial Intelligence (AI) in a safe place to better understand the potential benefits and risks.

Scottish Widows has begun trialing new AI software which will enhance its advertising output, and ensure transparency and clarity for customers. The insurance, pensions and investments firm, which is part of Lloyds Banking Group, has just launched a six-month pilot with leading FinProm platform Adcl