artificial intelligence
Stories tagged artificial intelligence.
Luxury brands accelerate AI adoption as consumer usage surges
A new joint study reveals that luxury executives are rapidly prioritizing AI, with 22% ranking it among their top three strategic priorities by 2026, up from 5% in 2024. Meanwhile, 55% of luxury consumers now use AI in their purchase journey.
Consumer Goods Companies Turn to AI for Faster Innovation
L'Oréal and other consumer goods giants are integrating artificial intelligence into product development to accelerate innovation and reduce costs amid changing consumer preferences.
China’s Stock Market Mirrors Uneven Economy as Tech Surges and Consumer Shares Slump
China’s US$16 trillion stock market reflects the widening gap between a booming technology sector and weak consumer spending, with AI chipmakers leading gains while consumer stocks lag.
Renzo Rosso: Artificial Intelligence Is a Stimulus for Fashion Competitiveness
OTB Group founder Renzo Rosso advocates for AI as a driver of growth and competitiveness in fashion, while emphasizing a local sourcing strategy within 20 kilometres of headquarters.
Fashion Executives Urged to Redesign Organizations for AI Era
Artificial intelligence is reshaping fashion businesses by automating routine tasks and empowering employees, prompting a need for new leadership structures and talent strategies.