Daily LInks
1. Luxury Brands Are in a Winner-Takes-All Phase. France’s three most powerful luxury-goods companies reported very mixed second-quarter results last week, with Hermès capturing the lion’s share of growth in luxury-goods spending in the second quarter, while everyone else lagged behind. – Read More on the Wall Street Journal
2. Google parent’s partnership with AI startup Anthropic under UK scrutiny. More than 18 months after Microsoft-backed OpenAI triggered an AI boom with the release of ChatGPT, antitrust regulators around the world have been increasingly concerned by multiple deals struck between smaller industry startups and big tech giants. – Read More on Reuters
3. Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit over Facebook images. The lawsuit related to the Facebook owner’s unauthorized use of the personal biometric data of users from uploaded photos and videos on the social media site. – Read More on CNBC
4. For China’s e-commerce platforms, low prices are no longer enough. China’s e-commerce sector is undergoing a major strategic shift as platforms switch gears from prioritizing ultralow prices to more sustainable sales growth. – Read More on Nikkei Asia
5. Is A.I. Unstoppable? Some Hollywood Craftspeople Fear the Answer Is Yes. Actors and writers won strict limits on artificial intelligence in last year’s contract negotiations, but editors and artists face a growing challenge. – Read More on the New York Times
