Daily LInks
1. How AI raises challenges to protecting creators’ work. The Senate Judiciary subcommittee on intellectual property held a hearing Wednesday on concerns around patents and innovation, escalating lawmakers’ focus on a wide range of concerns about AI. – Read More on the Hill
2. Yacht maker’s Italy pivot shows the way for Prada. Lorenzo Bertelli, heir to the Prada fortune, has been openly talking about the need to hedge geopolitical risks via a European listing. Shifting winds may force such change sooner rather than later. – Read More on Reuters
3. The Step-Up in Ecommerce Sneaker Fraud. Technology has a significant role to play, with machine learning and AI solutions able to detect patterns to fight popular fraud types. – Read More on Retail TouchPoints
4. TikTok Eyes $20 Billion Commerce Business Despite US Setback. Despite attempted bans the company faced in the U.S., ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much as $20 billion in merchandise sales this year. – Read More on Bloomberg
5. Senators to introduce a bipartisan AI bill aimed at keeping up with China. The Global Technology Leadership Act comes as Senate Majority Leader Chuck Schumer and other members of Congress have made addressing artificial intelligence a key target. – Read More on NBC
6. Scarred by the 2008 Recession and COVID, 48% of Gen Z Frequently Shops at Discount Stores: Four out of five are worried about the health of the U.S. economy, and a significant group, 41%, set aside more money than they spend, compared to 36% who say they spend more money than they save. – Read More on Retail TouchPoints
