Daily LInks
1. Investors are still underestimating the long-term impact of AI. L’Oréal recently reported how an AI-powered app delivered a 63%-point uplift in the conversion rate of inquiries into sales compared with traditional counter selling methods. Launching commercially in April, the app makes personalized product recommendations to the user. – Read More on the FT
2. Shein doubles profits as it awaits IPO approval. Shein, the online fast fashion retailer founded in China, has more than doubled its profits to more than $2bn as it awaits approval for a stock market listing in New York or London. – Read More on the Guardian
3. RELATED READ: Will Shein Prompt the SEC to Adopt a New Forced Labor Certification? Attorneys for various states are looking to the United States’ stock market regulator to ensure that companies listed on U.S. exchanges – including potentially Shein – are acting in compliance with U.S. trade law. – Read More on TFL
4. Google Pledges to Destroy Browsing Data to Settle ‘Incognito’ Lawsuit. The class action, filed in 2020, accused Google of misleading users about how Chrome tracked the activity of anyone who used the private “Incognito” browsing option. – Read More on the WSJ
5. Apple, Google again lose lawsuit challenging US patent-review policy. Major tech companies have failed to convince a California federal court that the U.S. Patent and Trademark Office unlawfully implemented a rule that reduced the number of patent-validity reviews the office considers. – Read More on Reuters
