Daily LInks
1. Cartier, LVMH look to stores outside Paris for Olympic retail boost. Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a surge in visitors avoiding crowds and street closures in Paris during the Olympic Games. – Read More on Reuters
2. Scarlett Johansson Said No, but OpenAI’s Virtual Assistant Sounds Just Like Her. She is the latest high-profile person to accuse OpenAI of using creative work without permission. Over the past year, OpenAI has been sued for copyright violations by authors, actors and newspapers. – Read More on the New York Times
3. RELATED READ: A Running List of Key AI-Lawsuits. Lawsuits are being waged against the developers behind some of the biggest generative AI chatbots and text-to-image generators, such as ChatGPT and Stability AI, and in many cases, they center on how the underlying models are trained. – Read More on TFL
4. Chanel Sales Jump as Label Reaps Benefits of Price Hikes, Demand. Chanel’s revenue and profit grew by double digits last year as the brand benefited from higher prices and strong demand for its costly fashions and handbags. – Read More on Bloomberg
5. Chanel to open more stores in China even as growth shifts abroad. “China is still a place where we are, I would say, under distributed,” said Chanel chief financial officer Philippe Blondiaux, citing the label’s 18 fashion boutiques compared to competing brands that have around 40 to 50 stores. – Read More on Reuters
