business

AI Has Helped Shein Become Fast Fashion’s Biggest Polluter

AI Has Helped Shein Become Fast Fashion’s Biggest Polluter

This story originally appeared in Grist and is part of the Climate Desk collaboration.In 2023, the fast-fashion giant Shein was everywhere. Crisscrossing the globe, airplanes ferried small packages of its ultra-cheap clothing from thousands of suppliers to tens of millions of customer mailboxes in 150 countries. Influencers’ “#sheinhaul” videos advertised the company’s trendy styles on social media, garnering billions of views.At every step, data was created, collected, and analyzed. To manage all this information, the fast fashion industry has begun embracing emerging AI technologies. Shein uses proprietary machine-learning applications — essentially, pattern-identification algorithms — to measure customer preferences in real…
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Cruise’s self-driving cabs are coming to Uber next year

Cruise’s self-driving cabs are coming to Uber next year

General Motors’ robotaxi service Cruise has inked a multi-year deal with Uber. The deal will let Uber customers hail a Cruise self-driving taxi from their smartphone starting next year, according to . This means that Cruise’s self-driving taxis will be back on roads for the first time since striking a pedestrian in San Francisco in October 2023.Neither GM nor Uber gave a specific date or city for Uber’s rollout of Cruise’s robotaxis. A spokesperson told the website that the new partnership between Cruise and Uber would follow Cruise’s re-launch of its own driverless taxi service in 2025.Cruise is currently testing…
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Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit

Uber-Backed E-Scooter Startup Lime Enters Japan After Korea Exit

Uber Technologies Inc.-backed Lime is entering Japan’s growing e-scooter ride market in a foray that pits the San Francisco-based startup against homegrown Luup KK.Lime, which has a global fleet of around 200,000 e-bikes and scooters, on Monday launched its service in some of Tokyo’s most densely populated neighborhoods of Shibuya, Shinjuku, Meguro and Setagaya wards. Lime now has around 200 electric scooters and more than 40 recharging ports. Tokyo-based Luup, which controls more than 90% of the domestic market in terms of ride mileage, operates 9,100 ports. Source link lol
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Four Experts Explain How AI Will Change Hollywood

Four Experts Explain How AI Will Change Hollywood

Good afternoon from 35,000 feet. I am en route to Cape Town for an extended break. The newsletter will continue in my absence; my colleagues are going to pitch in for the next couple of weeks. (If you insist on breaking news in the dead of August, please text me first.)Before I disappear, some additions to this year’s Screentime conference: Source link lol
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Apple Is Playing the Long Game With Switch From Qualcomm Modems

Apple Is Playing the Long Game With Switch From Qualcomm Modems

Apple’s move to drop Qualcomm modem chips won’t have a payoff at the outset, but it could set the stage for bigger things later. Also: The company pushes ahead with a tabletop robot; Google’s new Pixel devices show how far ahead it is in AI; and the iPhone payment chip will be opened up to third parties. Source link lol
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Uber Raised to Investment-Grade by S&P on Earnings Growth

Uber Raised to Investment-Grade by S&P on Earnings Growth

S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth.Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statementBloomberg Terminal. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities. Source link lol
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OpenAI Shuts Down Iranian Influence Operation Targeting US Election

OpenAI Shuts Down Iranian Influence Operation Targeting US Election

OpenAI removed a network of Iranian accounts that used its ChatGPT chatbot to try to wage a foreign influence campaign targeting the US presidential election by generating longform articles and social media comments, the company said Friday. The accounts created content that appeared to be from liberal and conservative-leaning users, including posts suggesting that former President Donald Trump was being censored on social media and was prepared to declare himself king of the US. Another described Vice President Kamala Harris’ selection of Tim Walz for her running mate as a “calculated choice for unity.” Source link lol
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Medical Device Maker Nova Biomedical Is Exploring a Sale

Medical Device Maker Nova Biomedical Is Exploring a Sale

Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Source link lol
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