1. After US IPO stumbles, companies under pressure to offer bargains. Companies pursuing U.S. IPOs after a string of lackluster stock market debuts are receiving advice from investment bankers to lower their valuation expectations. – Read More on Reuters
2. Shein opens up about forced labor, data privacy as it looks to clear key hurdles before possible U.S. IPO. Shein says that data on American consumers is stored in the U.S. and it’s taking steps to expand its supply chain outside of China. – Read More on CNBC
3. Sanctions Fail to Stop Kim Jong Un Snapping Up Luxury Watches, Bags. The volume of the products imported to North Korea from areas near its borders with Russia and China has been recovered from the second half of last year following a slump during the pandemic. – Read More on Bloomberg
4. As North Korea Continues to Boost its Imports, a Look at the Role of Luxury in the Hermit Kingdom. The Seoul-based Korea Herald asserts that “since the young dictator Kim Jong-un took over the regime in 2012, luxury item imports have continued to rise.” – Read More on TFL
5. As Google pushes deeper into AI, publishers see fresh challenges. Since May, Google has begun rolling out a new form of search powered by GenAI, after industry observers questioned the tech giant’s future prominence in providing consumers with information following the rise of OpenAI’s query-answering chatbot, ChatGPT. – Read More on Reuters
6. How Meta and AI companies recruited striking actors to train AI. Hollywood actors are on strike over concerns about the use of AI, but for as little as $300, Meta and a company called Realeyes hired them to make avatars appear more human. – Read More on MIT Tech Review