AllSaints has launched the UK’s first unlimited fashion rental service.

Together with consumer goods manufacturer Mondelēz International, Markant Group, with its specialist AI subsidiary Retail.ai, developed a prototype that uses generative artificial intelligence to create channel- and target group-specific product descriptions.

Billionaire Mike Ashley’s Frasers Group has joined backers of a £40m investment fund targeting early-stage startups in the AI and data space.

With a sleek and modern aesthetic, the new site reflects the brand’s journey as the leading purveyor of exquisite teas and immerses customers in the world of tea, it said in a statement.

Amazon has shut down three more stores featuring its Just Walk Out technology, but the company says it remains committed to building out that technology as an offering for third-party merchants.