Daily LInks
1. Valentino Chairman Gives Gloomy Outlook for Luxury Sector. The luxury industry’s troubles are mounting, with US department stores struggling and China failing to live up to expectations as a growth motor in the post-pandemic world. – Read More on Bloomberg
2. FTC Sues Amazon for Illegally Maintaining Monopoly Power. The Federal Trade Commission and 17 state attorneys general today sued Amazon.com, Inc. alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power. – Read More on FTC
3. Amazon.com faces an array of US consumer, state antitrust lawsuits. U.S. regulators have been probing Amazon.com and other Big Tech companies for antitrust violations and the FTC has long been expected to take formal action against the online retailer. – Read More on Reuters
4. What I Found in a Database Meta Uses to Train Generative AI. Tech companies use huge data sets of books, typically without permission, purchase, or licensing. (Lawyers for Meta argued in a recent court filing that neither outputs from the company’s generative AI nor the model itself are “substantially similar” to existing books.) – Read More on the Atlantic
5. Fast fashion is leaning into resale, but it may do little to reduce emissions, new study says. The brands could more effectively reduce their toll on the environment if they redirected those efforts to their supply chain, such as by using more sustainable materials or investing in recycling innovations, according to the analysis. – Read More on CNBC
6. Amazon steps up AI race with up to $4 billion deal to invest in Anthropic. Amazon’s employees and cloud customers will gain early access to technology from Anthropic as part of the deal, which they can infuse into their businesses. – Read More on Reuters
