Mytheresa, the German luxury e-tailer, has once again demonstrated its resilience in the competitive online luxury market. As it navigates a sector that is facing several challenges, Mytheresa’s latest fiscal quarter report reveals an 8% increase in sales, reaching €202 million (approximately $214 million) for the first quarter ending September. This growth signals a positive […]
Meta Integrates AI into Ray-Ban Glasses Across Europe
Meta, the parent company of Facebook, has recently begun rolling out AI capabilities in its Ray-Ban Meta AR glasses in select European countries—specifically, France, Italy, and Spain. This introduction highlights not just a step forward in wearable technology but also Meta’s commitment to adapting its innovations to comply with stringent European regulations. The new features […]
FPT and Ericsson Partner to Accelerate 5G and AI in Vietnam
FPT Corporation has entered into a strategic partnership with Ericsson to propel the deployment of 5G technology across Vietnam. This initiative aims not only to enhance mobile connectivity but also to revolutionize various sectors by harnessing the capabilities of artificial intelligence (AI) and digital transformation. The collaboration emphasizes the importance of 5G in driving innovation, […]
Mulberry Restructures as Sales Slump
Mulberry, the renowned British luxury handbag manufacturer, is facing significant challenges marked by a notable decrease in sales and increasing operational losses. Recent reports reveal that the company will reduce its head office workforce by approximately 25%, translating to about 85 job cuts from its corporate functions, as it strives to navigate through troubled waters […]
Major players revolutionising AI adoption
Artificial Intelligence (AI) has become an indispensable component of modern technology, thanks largely to major players in the tech industry. Companies like Meta, Apple, Google, and Amazon are at the forefront of integrating AI into everyday products and applications. This shift not only enhances user experience but also marks a significant advancement in how individuals […]
Taiwan Seeks Economic Agreement with EU to Boost Cooperation
Taiwan’s President Lai Ching-te recently called for an economic partnership agreement with the European Union, emphasizing collaboration in semiconductor technology and shared democratic values. Speaking at the Taiwan-EU investment forum in Taipei, Lai highlighted the urgent necessity of secure supply chains and the importance of fostering stronger economic ties to counter the rising tide of […]
OpenAI's Shift in AI Model Development
In the realm of artificial intelligence, OpenAI is spearheading a transformative change in the development of large language models. The traditional methodology, which focused heavily on expanding datasets and harnessing greater computing power, is becoming less effective. As we witness an industry-wide pivot, the latest advancements from OpenAI, particularly with their new model, signify a […]
Google Launches AI App for iPhone
In a significant move towards enhancing user experience, Google has recently launched the Gemini app on Apple’s App Store, introducing an advanced voice-interaction feature named Gemini Live. This innovation aims to transform conversations with AI, positioning Google firmly at the forefront of voice assistant technology. This shift comes amid increasing competition in the sector, particularly […]
Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent
Kering SA, the luxury fashion powerhouse, is reportedly considering Cedric Charbit, the current CEO of Balenciaga, as the next leader of Yves Saint Laurent. The anticipated transition comes in the wake of Francesca Bellettini, the incumbent CEO, stepping into a more prominent role within the struggling French fashion conglomerate in 2023. This strategic move is […]
Louis Vuitton Opens Temporary NYC Flagship Store
Louis Vuitton has recently unveiled a stunning temporary flagship store on Fifth Avenue in New York City, marking a pivotal moment for the luxury brand during a three-year renovation of its original flagship location. This five-story retail space stands as an impressive replacement, featuring a unique blend of luxury retail, gastronomy, and exclusive shopping experiences. […]