Author: arthursheikin@gmail.com

[ad_1] I spent two years working in retail marketing and visual merchandising at Hermés.The French fashion house has been around for nearly two centuries and specializes in leather goods, though it might be best known for its coveted Birkin bags.These high-ticket items, which can cost thousands and are often carried by celebrities like Kim Kardashian and Jennifer Lopez, are offered to only a select number of the retailer’s customers.When I worked at Hermès, I learned a lot about the brand and how to score its most-coveted products. I’ve since transitioned to a career in sourcing luxury goods — and I’m…

[ad_1] Sometimes a stock is too popular or, in stock market parlance, it’s overbought. By our work, such is the case for Roblox (RBLX) . The stock hit a low of $50.10 on April 7. Since then, it’s up more than 100% to around $101. On May 9, 2024, shares traded as low as $25.55. They have surged more than 240% during that time. Here’s what to do: If long: Trim, sell calls, reduce exposure, take measures of some kind, do something before — as they say — someone does it for you. If not involved: Stay away. If engaged…

[ad_1] Researchers say they’ve uncovered one of the largest data leaks in history that involves many popular platforms.The leak includes nearly 16 billion login credentials that could give cybercriminals access to social media and business platforms such as Apple, Gmail, Telegram, Facebook, GitHub, and more, researchers at Cybernews said this week.Bad actors now have “unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing,” the researchers said.The number of exposed people or accounts is unknown. The researchers said the data likely comes from malicious software known as infostealers.”What’s especially concerning is the…

[ad_1] ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to-video model Sora. OpenAI also faced its share of internal drama, including the notable exits of high-level execs like co-founder and longtime…

[ad_1] Hong Kong CNN  —  China has mastered the craft of policing the internet, operating one of the world’s most extensive online censorship and surveillance regimes. With mandatory identity checks on every online platform, it has become almost impossible for users to stay anonymous. But this rigidly moderated online environment is about to face even stricter controls with the introduction of a state-issued national internet ID. Instead of requiring individuals to submit their personal information for identity checks separately on each platform, the government now seeks to centralize the process by issuing a virtual ID that will allow users to…

[ad_1] Character.AI, the Google-backed AI chatbot provider with tens of millions of monthly active users, announced on Friday that Karandeep Anand, the former VP of Business Products at Meta, is joining the company as CEO. Previously a board adviser to Character.AI, Anand is stepping into the CEO role at a pivotal moment for the chatbot provider, as the company tries to simultaneously grow its platform while combating child safety concerns. In recent months, Character.AI has added an array of new safety features in light of an active lawsuit, which alleges that one of the company’s chatbots played a role in…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.It is starting to look as if investors are all talk and no action when it comes to the anything-but-America trade.At the start of this year, and especially around the time of President Donald Trump’s full-fat “reciprocal” tariffs announcement in early April, it was all anyone could talk about — a disturbance in the force that has led every serious investor to rethink their reliance on the US.Since then, though, a rather eerie calm has descended on markets, despite the grim…

[ad_1] Major defense stocks can still benefit even if President Donald Trump ‘s “Golden Dome” project fails, according to Bernstein. The prospect of completing the missile defense system before the end of Trump’s term in 2029, which the president has cited as his goal for the project, is highly unlikely, analyst Douglas Harned wrote in a note to clients last week. However, that doesn’t mean the effort won’t drive business for the defense industry, he said. “Even if the system fails to deliver, we expect elements to survive and for companies to profit off efforts, even when they do not…

[ad_1] OpenAI recently announced a $200 million deal with the U.S. Department of Defense, which has us wondering: Could this further strain the company’s relationship with its biggest backer, Microsoft? After all, there have been numerous reports about growing tensions between the two companies, particularly as they become more competitive over enterprise deals. Today, on TechCrunch’s Equity podcast, hosts Anthony Ha and Max Zeff discuss how the OpenAI/DoD deal reflects Silicon Valley’s increasingly cozy relationship with the military and why industry leaders are calling for an AI “arms race.” Listen to the full episode to hear more highlights from the…

[ad_1] Deezer announced on Friday that it will start labeling albums that include AI-generated tracks as part of its efforts to combat streaming fraud. The company reports that about 18% of the music uploaded each day — more than 20,000 tracks — is now fully AI-generated. Although most of these tracks don’t go viral, Deezer says around 70% of their streams are fake and that they are designed to earn royalties fraudulently. To combat this, AI-generated tracks on Deezer are now clearly tagged. These tracks also won’t appear in editorial playlists or algorithm-based recommendations, and fraudulent streams are being filtered…