Daily LInks
1. GitHub and others call for more open-source support in EU AI law. In a paper sent to EU policymakers, a group of companies, including GitHub, Creative Commons, and others, are encouraging more support for the open-source development of different AI models as they consider finalizing the AI Act. – Read More on the Verge
2. Louis Vuitton Is Working Harder for Shoppers’ Cash. The company’s marketing bill ballooned 24% compared with last year. The cost of generating enough desire to shift €42.2B of fancy watches, handbags and champagne in the first half of 2023 was a cool €5.08B. – Read More on the WSJ
3. Tracker hidden in a skirt uncovers what can happen to our recycled clothes. Donated in November and December, the items were driven to Warwickshire, then to Southampton. They sailed separately to the United Arab Emirates, followed by Senegal, before being taken by road to Mali, in west Africa, where two thirds of the population live in poverty. – Read More on the Times
4. Gap taps top Mattel executive to be its new CEO. During his tenure with Mattel, Dickson is credited with reviving the Barbie franchise and growing the toymaker’s other top brands, including Hot Wheels and Fisher-Price, according to Mattel. – Read More on CNBC
5. Chinese fast-fashion giants make gains in US. With affordable prices, free shipping, regular discounts and flexible return and refund policies, Temu, a subsidiary of Pinduoduo Holdings, which launched in the US last year, and Shein, in 2017, are attracting a growing user base. – Read More on China Daily
6. Global breakdown: How luxury retailers’ sales stack up. Burberry Group, Hermes and Kering said they saw a spike in overall revenue during their first fiscal quarters. McKinsey expects luxury sales to “outperform” the rest of the industry in 2023 and rise 5% to 10% over the course of the year. – Read More on Modern Retail
