Daily LInks
1. Beyond Saving: In China, Young Shoppers Are Locked Out of Luxury. Over a period of four years, the price of luxury goods has almost doubled. But with their salaries stagnant, young consumers are now forced to decide between indulgence and financial stability. – Read More on Sixth Tone
2. Still Game whisky wins Jack Daniel’s trademark battle. The UK Intellectual Property Office (UKIPO) found in favour of Jack and Victor and said the trademark could proceed to registration. – Read More on the BBC
3. AI in retail: Smarter stores, smarter product design. Analysts say the retail sector’s spending on AI in 2023 will outpace all others except banking. A 40% adoption rate is projected to double by 2025, making retail the industry most heavily invested in intelligent technology. –Read More on Venture Beat
4. A.I. Needs an International Watchdog, ChatGPT Creators Say. Tech companies have spent billions of dollars on A.I., amid the rising concerns about its potential to match human reasoning and destroy jobs. Goldman Sachs estimated recently that A.I. could expose 300M full-time jobs to automation. – Read More on the New York Times
5. A timeline of Amazon’s efforts to curb counterfeit selling: An important part of Amazon’s strategy is expanding the work they do with brands, other third-parties and different coalitions through initiatives like the Anti-Counterfeiting Exchange announced last month. – Read More on Modern Retail
6. Nike CEO John Donahoe says breaking up with China would be ‘disastrous’ amid rising geopolitical tensions: Donahoe said China – the sneaker giant’s third-biggest market by revenue – is vital to Nike. He added it is important to adhere to the country’s local standards, while not violating any “global rules,” such as human rights violations. – Read More on CNBC
