Share

1. Why China’s luxury market is stronger than ever after Covid-19 pandemic: The mainland’s share of Chinese luxury purchases surged from a third in 2019 to more than 90 per cent in 2021. The repatriation of spending has led to far-reaching changes in shopping behavior and preferences. – Read More on SCMP

2. Climate-Disclosure Rules Are Coming. Here’s How Companies Are Adapting: Mr. Gensler said “hundreds of companies today are already making climate-risk disclosures” because many investors want them. The SEC’s goal is to make such information more consistent and comparable, he said. – Read More on the WSJ

3. Klarna Unveils AI-Powered Shopping Feed: The feed is powered by Klarna’s in-house AI product recommendation engine, giving users a “feed of highly personalized product recommendations” that becomes tailored to them as it learns more about consumers’ preferences. – Read More on PYMNTS

4. “GPT” may be trademarked soon if OpenAI has its way: Little wonder that after applying in late December for a trademark for “GPT,” which stands for “Generative Pre-trained Transformer,” OpenAI last month petitioned the USPTO to speed up the process, citing the “myriad infringements and counterfeit apps” beginning to spring into existence.  – Read More on TechCrunch

5. H&R Block settles trademark lawsuit against Block over name change: Tax-preparation giant H&R Block Inc and Block Inc, the company formerly known as Square, have jointly agreed to dismiss H&R Block’s lawsuit over Block’s name change, according to a Friday filing in Missouri federal court. – Read More on Yahoo

6. Consumer protection bodies urged to investigate ChatGPT, others: The European Consumer Organisation (BEUC) has joined the chorus of concern about ChatGPT and other artificial intelligence chatbots, calling on EU consumer protection agencies to investigate the technology and the potential harm to individuals. – Read More on Reuters