Photoroom, The AI Image Editor, Raised $43M at a $500M Valuation
[Investing]
2024/03/08 09:06
Photoroom, the AI-based photo-editing app out of Paris that has been growing like a weed targeting people doing business online while also attracting a lot of casual users to boot, confirmed it closed its latest funding round: $43 million at a $500 million valuation.We were the first to report that the round was in the works in January. At the time, it looked like it would be more than $50 mill...
Taylor Swift Retains Crown of World's No. 1 Recording Artist
[Business]
2024/03/08 09:06
2023 was a year of superlatives for Taylor Swift: she was the most-streamed artist in the world on Spotify and Apple Music, had the three best-selling albums in the United States.Her “Eras Tour” became the first ever to gross more than $1 billion and the documentary shot during the tour turned out to be the highest-grossing concert movie of all time. To top it all off, IFPI, the governing bod...
Edrop Cap Water Purifier Provides Clean, Potable Water At Very Low Cost
[Design]
2024/03/08 09:04
There are more than 7 million people worldwide still don’t have access to safe drinking water, especially in impoverished areas where they don’t have proper water filtration facilities. Many of them still have to drink untreated surface water that often leads to bacterial infections and diseases.Edrop Cap Water Purifier is a concept water purifier that provides user with clean drinking water...
Why Chocolate is Becoming Much More Expensive
[Investing]
2024/03/08 09:03
Sales are down as chocolatiers raise prices. Now the industry is facing a reckoning.If you’re a chocoholic you may have noticed that your habit has lately become dearer. The price of cocoa began creeping up in the second half of 2022. Since then it has doubled, reaching an all-time high in January 2024 (see chart 1). That steep rise spells trouble for the chocolate business and sweet-toothed c...
(PDF) The Most Critical Consumer Trends for 2024
[Consumer]
2024/03/07 09:10
Here are some things to know about consumers in 2024: 63% have a negative outlook about the state of the world, but Gen Z is a good deal more optimistic than older generations. Among advertising platforms, TV (43%) and social media ads (41%) rank highest as purchase influencers. And when it comes to consumer loyalty, the experience someone has with a brand (61%) is by far the top perception dri...
Deutsche Telekom View Holographic Home Hub Could Be The Future of Communications
[Design]
2024/03/07 09:09
First of its kind, View Holographic Home Hub has reimagined Deutsche Telekom’s services and hardware for more immersive future. It’s the next generation of connectivity, View wants to provide a human face to complex technological interactions through a 3D holographic, AI-equipped, and virtual assistant. The smart system guides you through digital world and facilitating holographic calls where...
Mckinsey - Generative AI Fuels Creative Physical Product Design But Is No Magic Wand
[Business]
2024/03/07 09:08
Generative AI tools can shorten physical product design life cycles significantly and spark innovation, but the knowledge and discretion of design experts are necessary to mitigate potential pitfalls.Although generative AI (gen AI) is in its infancy, the technology is already leaving an indelible mark on how physical products and packaging are conceived, innovated, and designed.From product pac...
Moncler Group Rides China’s Winter Sports Wave to Surpass $3B
[Business]
2024/03/07 09:07
The Italian luxury group registered strong sales growth in China last year, bolstered by high-profile collaborations and a ski resort takeover.Moncler Group is another winner of the fiscal 2023 earnings season, beating analyst expectations with its strong performance in Asia.Sales at the Italian luxury group rose 17 percent at constant exchange rates last year, hitting $3.2 billion (2.98 billio...
Apple, Microsoft, Amazon, Alphabet, and Nvidia Have All Invested in Voice-Recognition Software
[Business]
2024/03/07 09:06
Voice-recognition software been a hot commodity for big tech over the last several years. Industry research suggests that the market for voice-recognition technology could reach $50 billion by 2029.Many of the "Magnificent Seven" members have invested heavily in voice-based artificial intelligence (AI) assistants.The euphoria surrounding artificial intelligence (AI) played a major in the Nasdaq...
Emerging Trends & Future Opportunities
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