Daily LInks
1. In U.S., Regulating A.I. Is in Its “Early Days.” While there has been a flurry of activity by the White House and lawmakers over artificial intelligence, rules for the technology remain distant, lawmakers and experts said. – Read More on the New York Times
2. RELATED READ: A growing number of new AI-focused bills coming from lawmakers at the federal level are worth keeping an eye on. – Read More on TFL
3. He’s tried to ‘liberate’ colors for years. His latest: the “Barbiest pink.” The paint, dubbed “Pinkie,” is the latest salvo in Semple’s years-long campaign to “liberate” colors from legal restrictions. Semple argues that companies should not be able to limit the use of colors associated with their brands. – Read More on the Washington Post
4. Shein Spends $600,000 on US Lobbying as it Faces Washington Scrutiny. Fast-fashion giant Shein spent $600,000 on US lobbying efforts in the second quarter as it continues to face questions from lawmakers about forced labor and its opaque supply chain. – Read More on Bloomberg
5. Global retailers cash in on Barbie movie craze. “I don’t think we’ve ever seen this many brand partnerships coming out of one film,” said Jo Ashdown, managing partner at Mando-Connect. The craze stretches beyond retailers with Hyatt Hotels and Hilton offering Barbie-themed hotel suites in cities including Bogota, Colombia and Kuala Lumpur, Malaysia. – Read More on Reuters
6. AI investment is booming. How much is hype? The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. – Read More on CNN
7. Richemont Confirms China’s Diminishing Role in Luxury Retail. The industry had relied on a revival in China to offset the sluggishness in the U.S. market. However, this lifeline is no longer sustainable, as sales in the sector continue to weaken, presenting challenges for industry participants. – Read More on PYMNTS