Luxury Watch Sales at Auctions Drop 13% After Post-Covid Surge
[Investing]
2024/03/13 09:06
Mercury Project says sales dipped after post-Covid surge. Three of the most expensive timepieces are from Patek Philippe.Sales of luxury watches suffered a “severe downturn” last year as well-heeled buyers turned cautious amid geopolitical concerns and fading enthusiasm for pricey timepieces, a new report has found.Total watch sales at the top auction houses fell 13% to 610 million Swiss fran...
(Video) Stratolaunch Conducts First Powered Flight of New Hypersonic Vehicle Off
[Tech]
2024/03/13 09:05
U.S. aerospace company Stratolaunch conducted the first powered test flight of a new unmanned craft for hypersonic research on Saturday and called it a success.Hypersonic describes flights at speeds of at least Mach 5, or five times the speed of sound.Chief Executive Officer Zachary Krevor said in a statement that the Talon-A-1 vehicle "reached high supersonic speeds approaching Mach 5 and coll...
The Six 'Gatekeepers' Regulated by the Digital Markets Act
[Business]
2024/03/13 09:04
The Digital Markets Act (DMA) – the European Union’s most wide-ranging effort to rein in the power of big tech companies – went into effect this week. On March 7, the six-month grace period for the six companies designated as “gatekeepers” ended, meaning they now have to comply with the rules set out in the DMA and outline the measures they’ve taken in compliance reports to the European C...
Food Compost Bin Concept Turns Food Waste and Cardboard Into Fertilizer
[Design]
2024/03/13 09:03
Our eating habits have changed drastically over the past years, especially after the recent boom in food delivery services. Unfortunately, this isn’t always for the best as it has encouraged unhealthy lifestyles and increased the amount of waste we produce. Of course, there are services that try to remedy that with healthy food options and more sustainable packaging, but those don’t always re...
(PDF) Mckinsey Time to Move : Sporting Goods 2024
[Business]
2024/03/12 09:10
Many sporting goods executives are looking to 2024 with more optimism. But in the year ahead, they will need to adapt to shifting consumer preferences, revisit planning practices, embrace ecosystems, and take action on sustainability.As the world continued its uneven progress in 2023, the sporting goods industry faced familiar challenges. Economic headwinds, persistent inflation, and regional c...
Apple Car Designs Give Tantalizing Look at What Might Have Been
[Design]
2024/03/12 09:09
The Apple car was a case study in what happens when corporate indecision, technological challenges and market realities combine: a wasted opportunity that sets back the company’s future.The Starters[The Volkswagen ID Buzz concept car from 2017.Photographer: Andrew Harrer/Bloomberg]Around 2014, Apple Inc. had a plan that would diversify revenue and chart a future beyond the iPhone in one full s...
MIT - Is This The Future of Fashion ?
[Tech]
2024/03/12 09:08
Developed by the Self-Assembly Lab, the 4D Knit Dress uses several technologies to create a custom design and a custom fit, while addressing sustainability concerns.Students in the Self-Assembly Lab have been working with dynamic textiles for several years. The yarns they create can change shape, change property, change insulation, or become breathable. Previous applications to tailor garments...
CB Insights - State of CVC 2023 Report
[Investing]
2024/03/12 09:07
Corporate venture capital-backed deals and dollars fall to multi-year lows as CVCs shield themselves from the volatile tech market.The corporate venture capital (CVC) market has constricted amid corporate belt-tightening and subdued returns from startup exits. In 2023, deals from CVCs fell to 3,545 — the lowest level since 2019 — marking a 32% drop YoY. At the same time, fewer new CVCs are em...
Covariant is Building ChatGPT for Robots
[Tech]
2024/03/12 09:06
Covariant this week announced the launch of RFM-1 (Robotics Foundation Model 1). Peter Chen, the co-founder and CEO of the UC Berkeley artificial intelligence spinout tells TechCrunch the platform, “is basically a large language model (LLM), but for robot language.”RFM-1 is the result of, among other things, a massive trove of data collected from the deployment of Covariant’s Brain AI platfo...