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☆ Sam Altman wants to solve the great AI chip shortage himself
▼ + stars: | 2024-01-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

That's according to a report from Bloomberg , which stated that Altman had been busy pitching heavyweight investors to back a new AI chip venture that would give his company a lot more control over its chip supply. AdvertisementBut a bunch of tech companies have started designing their own. In November, for instance, Microsoft unveiled its new Azure Maia AI chip , designed with large language model (LLM) training in mind. Despite this, Altman's plan has already won fans. "Building the best AI assistants, AIs for creators, AIs for businesses and more – that needs advances in every area of AI."

Persons: —, Sam Altman doesn't, Altman, Maia, Jensen Huang, Altman's, It's, Adam Niewinski, Mark Zuckerberg Organizations: Service, Business, Microsoft, Nvidia, Bloomberg, Intel, NVIDIA, Getty, Altman, OTB Ventures, AIs Locations: AFP

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
▼ + stars: | 2023-09-22 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Markiewicz's company uses artificial intelligence (AI) to help financial institutions fight these issues in a bid to cut the amount of resources it takes to tackle crime, keeping banks in the good books of regulators. These smaller models combine to form Silent Eight's software that some of the largest banks in the world, from Standard Chartered to HSBC , are using to fight financial crime. Markiewicz said Silent Eight's AI models were actually trained on the processes that human investigators were carrying out within financial institutions. "So we just knew that we will have to start with some big financial institutions first, for the other ones to know that there is no risk and follow." Silent Eight's headquarters is in Singapore with offices in New York, London, and Warsaw, Poland.

Persons: Michael Wilkowski, Julia Markiewicz, Martin Markiewicz ., Martin Markiewicz, Markiewicz, ChatGPT Organizations: Silent, Silent Eight, CNBC, OTB Ventures, Standard Chartered, HSBC, Chartered Locations: WARSAW, U.S, Singapore, New York, London, Warsaw, Poland

MILAN (AP) — Thousands came out in a rain to watch an open-air Diesel show during Milan Fashion Week on Wednesday, making the denim-centric brand the hottest ticket in town. A latex dress hugged the form in a nearly nude beige, somewhere on the border between transparency and cover. Zip pockets are sewn into bra tops, while a trio of fanny packs become a bandeau top: perfect for the festival circuit. The technology going into the textiles is so cutting-edge that Rosso said that part of the production site is sealed off from the rest to protect the secrecy. “Touch the garments, and you will go out of your mind,’’ Rosso said.

Persons: Glenn Martens, Jaden Smith, Martens, fanny, Renzo Rosso, ’, Rosso, ’ ’ Rosso Organizations: MILAN, Milan Locations: tatters

☆ Canada probing Walmart, Hugo Boss over allegations of forced labor in supply chains
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mario Anzuoni//File Photo Acquire Licensing RightsOTTAWA, Aug 24 (Reuters) - Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart (WMT.N) and Hugo Boss (BOSSn.DE) to probe allegations of Uyghur forced labor in the companies' supply chains and operations. The Canadian Ombudsperson for Responsible Enterprise (CORE) said it had published an initial assessment report after complaints filed by a coalition of 28 civil society organizations in June 2022. CORE will also investigate the Canadian unit of fashion firm Diesel, which is owned by Italy's OTB (OTB.L). In March, a U.N. committee said it was concerned about China's treatment of its Muslim minority, including the use of forced labor against Uyghurs. CORE was launched in 2019 to monitor and investigate human rights abuses, mainly by Canadian garment, mining and oil and gas companies operating abroad.

Persons: Mario Anzuoni, Hugo Boss, Italy's OTB, Ralph Lauren, RL.N, Sheri Meyerhoffer, CORE's Ombudsperson, David Ljunggren, Jonathan Oatis Organizations: Walmart, REUTERS, Rights OTTAWA, Responsible Enterprise, Diesel, Nike Canada, CORE, Thomson Locations: Rosemead , California, U.S, China

☆ Investing in Space: The nascent market for tracking and removing debris from orbit
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

It's a sad irony, but an irony nonetheless, that this week the European Space Agency announced that a piece of space debris — left in orbit by a 2013 launch of Arianespace's Vega rocket and the target of a removal mission — appears to have been struck by other space debris. But the ISS itself may have to dodge space debris this afternoon, with station controllers considering changing its altitude. The risk posed by space debris is not a novel problem for the industry, but it's an ever more pressing one. Satellites and space debris are largely tracked via ground-based radars and telescopes. Debris removal is a nascent part of the broader satellite servicing market (also known as In-Space Servicing, Assembly and Manufacturing, or ISAM).

Persons: Michael Sheetz —, It's, Arianespace's, Brian Weeden, wasn't, Weeden Organizations: CNBC, European Space Agency, ESA, OTB Ventures, NASA, SpaceX, International Space, Secure, Foundation, Aerospace, NorthStar, Manufacturing, Cargo Locations: Swiss, U.S, Europe, Russia, China, Japan, Korea, India

☆ Think long-term, grab land, watch your runway: Here's how European VCs are advising their founders ahead of a looming recession
▼ + stars: | 2022-12-29 | by ( Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Sequoia's iconic 2008 'R.I.P Good Times' presentation still rings true for some investors. Good Times" presentation from 2008. "Because people are so programmed with the whole RIP Good Times thing, the nuance gets lost sometimes." Magda Lukaszewicz, principal at Balderton, echoed this – even if it takes companies longer to achieve said goals. Sequoia's "RIP Good Times" ends on a bleak note: Get Real or Go Home.

☆ Deep tech investor OTB Ventures raises $145 million for new fund and plans to expand into seed stage startups
▼ + stars: | 2022-11-22 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

OTB has raised 140 million euros ($145 million) of its 150 million euros ($155 million) target. European venture capital firm OTB Ventures has raised over 90% of its new 150 million euros (around $155 million) second fund at first close. The Amsterdam-based company, founded in 2017, will invest in 10 seed and 15 Series A-stage startups, writing checks of up to 1.5 million euros and 7 million euros respectively. Niewinski said LPs had "doubled down" since its first 108 million euros fund, which was later topped up 30 million euros by the European Investment Fund. The investor is bullish on space tech specifically and tapping into expertise at the European Space Agency and European Union Space Programme to assess startups.

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