1. Gucci employees strike: What’s at stake for the Italian fashion titan? Gucci employees are striking in Rome over what they claim is “collective dismissal” by the company. But a lot more could be at stake for the Italian luxury brand, including its upcoming fashion show. – Read More on EuroNews
2. The Resilience of Luxury Brands to Be Tested in 2024. A widening divide is evident in consumers’ preferences toward more experiences, specifically luxury hospitality, cruises and fine dining, as people are now free to travel. This category will advance 15% year-over-year. – Read More on Forbes
3. Black Friday Shoppers Set Online Spending Record, Adobe Says. Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season. – Read More on Bloomberg
4. AI and the Rise of Mediocrity. Everything that predictive language and image models will produce will be a sequel to what came before: not an original idea, but a mash-up of our old tropes, repackaged for our consumption. – Read More on Time
5. The Problems Lurking in Hollywood’s Historic AI Deal. Bateman’s biggest worry is the language in the agreement concerning “synthetic performers”—or AIs that resemble humans. “This gives the studios/streamers a green-light to use human-looking AI objects instead of hiring a human actor.” – Read More on Wired
6. Five Ways AI Is Being Used in Luxury Retail. Uses of AI in the luxury sector range from generative AI and customer service applications to anti-counterfeiting measures and more. – Read More on Coresight