1. There’s a New Way to Prove a $38,200 Watch Is the Real Thing. Luxury houses are now tracking the authenticity and origin of their most-coveted products using crypto’s underlying technology. – Read More on Bloomberg
2. RETRO READ: Blockchain and NFTs Are Smart, But Can They Revolutionize Fashion? Increasingly, fashion and luxury brands have turned to the latest advances in blockchain, nanotechnology, and the internet of things to authenticate their products, combat increasingly sophisticated counterfeiters, and guarantee supply chain transparency. – Read More on TFL
3. How luxury brands are wooing the new-age consumer. India’s luxury market is expected to grow to 3.5 times the current size and reach the USD $200 billion mark by 2030, according to a Bain & Company—Altagamma Luxury Study report from November 2022. – Read More on Campaign Asia
4. MPs criticize UK government’s handling of copyright policy related to AI. A group of MPs has criticized the government’s handling of a proposed copyright exemption that would allow developers of artificial intelligence free use of copyrighted books and music for training. – Read More on the Guardian
5. Google launches watermarks for AI-generated images. The SynthID tool can also scan incoming images and identify the likelihood they were made by Imagen by scanning for the watermark with three levels of certainty: detected, not detected and possibly detected. – Read More on CNN
6. Driving Sales Through Exclusivity Takes Time, Says Brunello Cucinelli. “Overexposure has always worried me as it is not exclusivity, and luxury is exclusivity, rarity and uniqueness, when customers feel that a product was made almost solely for them,” Mr. Cucinelli said. – Read More on PYMNTS