Daily LInks
1. Can anyone bar Europe do luxury? The biggest beneficiaries of the boom have been European companies. These account for around two-thirds of luxury-goods sales, according to Deloitte. – Read More on the Economist
2. Pulitzer-winning authors join OpenAI, Microsoft copyright lawsuit. A group of 11 nonfiction authors have joined a lawsuit in Manhattan federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train the models behind OpenAI’s popular chatbot ChatGPT and other artificial intelligence based software. – Read More on Yahoo
3. RELATED READ: Author Takes Issue with “Unfair” Use of Copyrights in OpenAI Lawsuit. A new copyright lawsuit targeting OpenAI and Microsoft sheds light on what at least one plaintiff is asserting in an effort to get ahead of the fair use arguments being waged by the companies behind large language models. – Read More on TFL
4. Digital reinvention fuels a fast-growing luxury sector. Competition to win customers may intensify if economic growth slows in 2024 (as we expect it will) and aspirational luxury consumers reduce their spending. The likely outcome: The strongest luxury brands will get even stronger. – Read More on JP Morgan
5. Ebay to Take on Poshmark, The RealReal for Luxury Resale Spend. Even despite the April shutdown of Cudoni, a luxury resale platform backed by eBay, eBay has continued to double down in the space. – Read More on PYMNTS
6. Wartime sanctions on Russia have sparked new smuggling opportunities for hot-ticket items like luxury Italian handbags and microchips. Hundreds of millions of dollars worth of luxury items — including champagne, watches, perfume, Rolls Royce cars, and designer fashion items from brands like Chanel and Louis Vuitton — were cleared for entry into Russia between March and August of 2022. – Read More on BI
