AI

Online Shopping Giants Bet On AI To Curb Clothes Returns

Up to 30% of fashion items bought on the internet are sent back, according to a late 2024 study by consulting firm McKinsey and the Business of Fashion website -- not least because "clients are buying several sizes or styles and returning most of them".

AI Feud: How Musk And Altman's Partnership Turned Toxic

Musk and Altman were among the 11-person team that founded OpenAI in 2015. Created as a counterweight to Google's dominance in artificial intelligence, the project got its initial funding from Musk, who invested $45 million to get it started.

Big Tech's AI Spending Rattles Markets

The mounting expenses of data-intensive artificial intelligence and its infrastructure have cast a shadow over this earnings season, with only Facebook owner Meta winning Wall Street's approval.

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