1. ChatGPT and other LLMs have created a copyright crisis. The writers and artists argue that the companies behind these models didn’t ask permission before hoovering up countless people’s life work, and many of these models will end up competing with the same humans on whose opuses they were trained. – Read More on the Washington Post
2. Retailers Enlist AI in Fight Against Returns. They are using AI to sharpen product descriptions and recommendations, steer certain ads away from shoppers most likely to return those products and aim advertising toward consumers they believe will hold on to their purchases. – Read More on WSJ
3. Saks CEO says luxury retail will be ‘here to stay’ in 2024. “People are not going to trade down out of it. Folks that reached in, maybe a few years ago, even last year, might not be reaching in this year, but the core luxury consumer doesn’t trade down.” – Read More on Yahoo
4. Golden Goose IPO to raise about $1.1B, sources say. Luxury fashion group Golden Goose plans is looking to raise about 1 billion euros ($1.1 billion) from an initial public offering (IPO) in Milan, three people said. – Read More on Reuters
5. RELATED READ: A Running Tracker of Fashion/Retail Industry Initial Public Offerings. As for the companies that are expected to make public listings next, names like Shein, Italian footwear brand Golden Goose, Kim Kardashian’s SKIMS, sustainable fashion brand Reformation, e-commerce tech company Rokt, activewear-maker Vuori, and Spanish fashion retail company Tendam have been raised. – Read More on TFL
6. Apple to pause some Watch sales before Christmas over patent dispute. The decision stems from two orders issued by the U.S. International Trade Commission on Oct. 26, which would restrict Apple’s ability to sell products that use the Blood Oxygen feature after an IP disagreement between Apple and Masimo, a med tech company. – Read More on CNBC