Daily LInks
1. What 2024 has in store for luxury. Despite the reopening of China at the start of the year, demand for personal luxury products slowed to 8 per cent at constant currency rates according to Bain, narrowly outpacing global inflation and marking a significant deceleration after three consecutive years of 20 percent sales growth on average. – Read More on FT
2. Climate Reporting, ESG Wars Set to Dominate Boardrooms in 2024. The Securities and Exchange Commission is looking to issue requirements in the coming months for companies to report their greenhouse gas emissions and reveal other information about how climate change affects them. – Read More on Bloomberg
3. JD.com wins antimonopoly lawsuit against Alibaba. The High People’s Court of Beijing ruled that Alibaba Group Holding Limited and subsidiaries had abused their market dominance and adopted monopolistic practices known as “choosing one from two” causing JD.com severe damage, JD.com said in a statement published on its official WeChat account. – Read More on Reuters
4. Michael Cohen Used Artificial Intelligence to Feed Lawyer Bogus Cases. Michael D. Cohen, the onetime fixer for former President Donald J. Trump, said in newly unsealed court papers that he had mistakenly given his lawyer bogus legal citations after the artificial intelligence program Google Bard cooked them up for him. – Read More on NY Times
5. AI-created “virtual influencers” are stealing business from humans. “For a brand, they have total control versus a real person who comes with potential controversy, their own demands, their own opinions.” – Read More on ArsTechnica
