Daily LInks
1. Luxury goods stocks propel France’s Cac 40 to record high. LVMH’s upbeat results also sparked strong gains for its peers and rivals, including Kering and Hermes, which both gained 6.6 per cent. The Stoxx Luxury 10 index gained 6.7 percent. – Read More on the FT
2. Inside the Competition for the World’s Richest Shoppers. Companies say it is less expensive to get existing customers to spend more than to acquire new ones, as online customer-acquisition costs have skyrocketed due to rising competition and new restrictions on the use of cookies. – Read More on the WSJ
3. When Louis Vuitton tries to make you change your brand name. A small garden supply business called L V Bespoke recently won its fight to keep its name against Louis Vuitton. Experts say such cases have increased “hugely” in the past 18 months as major brands seek to protect their IP. – Read More on the BBC
4. We asked AI to create the Joker. It generated a copyrighted image. A.I. companies said they had established guardrails that could prevent their A.I. systems from producing material that violates copyright. – Read More on the New York Times
5. RELATED READ: AI Trained on Copyrighted Works: When Is It Fair Use? A leading AI research company OpenAI contends that including copyrighted material in datasets for machine learning is fair use because it is “non-expressive intermediate copying.” According to OpenAI, the purpose and character of the use are transformative. – Read More on TFL
6. Forget the Term ‘ESG.’ But Don’t Ignore the Power of the Concept. “Doing the right thing has absolutely resonated with our employees and made them feel proud.” It has also “led to the spirit of innovation,” which has opened up new markets. – Read More on the WSJ
