Is Artificial Intelligence Worth The Craze For Luxury Brands?

In a prior posting, I discussed why generative AI (GenAI) has taken the planet by storm and in truth, the luxury company also. I structured luxury brands’ current experiments into 4 distinct, mutually reinforcing forms of apps. I described that, like any technology, GenAI is not an conclusion for each se. What issues when deciding exactly where to experiment with this technological know-how is to outline very first the strategic goal and eyesight.

But in this article is the elephant in the area: is Gen AI value the fad, thinking about the mother nature of luxurious brand administration? Luxury is all about the human genius and focus to information, from craftmanship to provider. It is a company in which creative directors guide trends, not adhere to them. Its creative creations and brands are very carefully copyrighted to limit copycats and counterfeiting. It’s a business enterprise that needs to cultivate a specific mystique to prosper.

GenAI can likely uproot all this. Or can it truly? There are limits and even outright doubts about the know-how. So, it may well be a oversight for luxurious models to divert most of their resources to GPT since it is the hottest trend, and abandon their multi-calendar year initiatives to beef up their analytics and machine mastering abilities.

What is selected is that a ton will depend on how GenAI turns out to be made use of and what goes on much more greatly in modern society as a consequence. Luxurious firms must squander no time in experimenting with it, but must also just take their time to mature GenAI’s wider strategic, environmental and social implications. Otherwise, GenAI may

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Scaling E-commerce Brands Through Global Partnerships and Profitable Marketing Insights

In the fast evolving earth of e-commerce, it usually takes an fantastic entrepreneur with an innate capability to determine market possibilities and act on them quickly to make a important effects.

Keyvan Farhoudi, a young entrepreneur, has built a title for himself by performing just that—scaling e-commerce brand names by his keen eye for possibility and astute small business acumen.

1 of the critical factors contributing to Keyvan’s solid functionality in the e-commerce room is his capability to determine rate gaps in the industry that can be turned into earnings by selling merchandise. This expertise for spotting chances in the sector landscape enables him to cater to consumer desires and offer them goods at aggressive rates, making sure profitability for his e-commerce ventures.

Keyvan’s skills extends over and above just identifying sector options. His proficiency in producing strategic partnerships with overseas producers, notably in China, has played a pivotal purpose in his accomplishments. By developing sturdy relationships with reputable suppliers, Keyvan can import significant-good quality products and solutions at economical costs, which he then sells on his e-commerce platforms. His strategic technique to deciding on producers ensures that he companions with suppliers who share his vision of giving high quality merchandise at competitive selling prices.

An excellent instance of Keyvan Farhoudi’s potential to detect marketplace chances and seize them is his venture into the health e-commerce space throughout the lockdown time period when fitness centers were being shut. With the world forced indoors, Keyvan recognized that the need for dwelling health gear and accessories would skyrocket. He quickly capitalized on this prospect by sourcing high-good quality physical fitness products from overseas manufacturers, importing them at economical charges, and selling them via his e-commerce system. His agility and speedy reaction to industry variations allowed him to remain ahead of the competitiveness

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Pastor brands China’s artificial intelligence tech ‘demonic’

A Christian pastor launched a scathing rant after finding out about artificial intelligence technology that aims to prosecute criminals in China.

The AI tech, which was developed and tested by the Shanghai Pudong People’s Procuratorate, can charge a suspect with more than 97% accuracy based on a description in a criminal case.

While it may seem to be a futuristic method for tackling crime and keeping people safe, Pastor Tom Hughes was less than enthused and made wild claims that the advancements are ‘demonic’ and are out to ‘control’ people.

In a video posted to his YouTube channel yesterday (May 12), he explained: “Folks when I look at the department of homeland security information, with the direction that they are going with, in 2022, it is coming and then to see that in China they’ve got an AI prosecutor to be able to prosecute people in real-time.



Pastor Tom Hughes branded the technology ‘demonic’ on YouTube

“They’re claiming with 97% accuracy, they’ll be able to prosecute people for crimes. Listen, this stuff is demonic. This artificial intelligence is going to be controlling every single thing that we say and that we do.

“[Pastor] Matt Ward wrote about this back in 2018 and he said when he was projecting what was going to be coming in the future. He said that by 2022 we will see this in place. Folks we are watching it now.”

The advancement was first announced in December 2021 as Professor Shi Yong, director of the Chinese Academy of Sciences’ big data and knowledge management laboratory claims it will help as reduce prosecutors’ daily workload.

However, prosecutors have had their concerns about the risk of mistakes.



China - gavel
The AI tech will be able to
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NexTech AR, Momentus, ORAGIN Foods, and Aterian; Visionary CEOs Advancing New Market Trends In Space Exploration, Metaverse, E-Commerce and Plant-Based Brands

NEW YORK, April 08, 2022 (GLOBE NEWSWIRE) — Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEOs of:
NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR), Momentus Inc. (NASDAQ: MNTS), ORAGIN Foods (OTC: OGGFF) (TSX.V: OG), and Aterian, Inc.(NASDAQ: ATER).

Today’s emerging technologies and lifestyle megatrends are unleashing trillion dollar market opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:

Aterian, Inc.(NASDAQ: ATER) CEO Yaniv Sarig “New breed of technology-enabled consumer product company”
“…Aterian is part of a new breed of technology-enabled consumer product companies. We focus on building, acquiring and partnering with e-commerce brands online. Aterian own and operates 14 consumer brands, selling products across various categories on channels such as Amazon, Walmart, Shopify, eBay and more…To allow us to scale, we’ve invested in building our own proprietary software platform called AIMEE. AIMEE enables our team to manage our business more efficiently by injecting technology into processes that would otherwise have to be executed manually, and would require hiring an unscalable and sustainable workforce.
Through its ability to analyze vast amounts of data and automate daily recurring tasks, AIMEE allows our team to find new product opportunities we can launch onto our brands, manage those products at scale effectively across various channels, and automate and marketing and fulfillment tasks, and much more. Our goal in the long-term, is to become one of the most efficient consumer product companies in the world, expanding our footprint globally, while continuing to invest in technology and agile supply chain to drive scale and profitability…”
Aterian, Inc.(NASDAQ: ATER) Earnings Highlights:
https://www.wallstreetreporter.com/2022/03/08/aterian-inc-nasdaq-ater-q4-2021-earnings-highlights/

NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR)

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