1. Luxury goods a handy alternative to getting rich. For the more limited and special watches, they simply will not allow you to purchase the watch as you don’t have a previous purchase relationship with the brand. In the world of luxury goods that’s an incredibly important distinction. – Read More on SMH

2. Affordable Luxury Sales Gets Caught in Middle-Tier Crunch. Leather goods label Tapestry saw its market share drop 2% between 2017 and 2022, with Tory Burch and Ralph Lauren dropping as well. So-called “aspirational goods,” lower-priced merchandise put out by luxury labels, are also seeing slower sales. – Read More on PYMNTS

3. What OpenAI Really Wants. Tom Rubin, an IP lawyer who officially joined OpenAI in March, is optimistic that the company will eventually find a balance that satisfies both its own needs and that of creators. One hint of OpenAI’s path: partnerships with news and photo agencies to provide content for its models without questions of who owns what. – Read More on Wired

4. What lawyers and consultants are saying about the UAE’s new e-commerce regulation. The UAE’s e-commerce law has been primed for a revamp for some time now, as the complexity of technology and the usage of e-commerce platforms has grown tremendously over the past decade. – Read More on the National News

5. Survey: Experts favor new U.S. agency to govern AI. AI experts at leading universities favor creating a federal “Department of AI” or a global regulator to govern artificial intelligence over leaving that to Congress, the White House or the private sector. – Read More on Axios

6. Shelved L’Occitane buyout is no win for Hong Kong. Reinold Geiger has given up on his tentative plan to buy out the minority of shares he doesn’t already own of L’Occitane, a move that would have delisted the European skincare group from Hong Kong in the Asian hub’s largest take-private. – Read More on Reuters