Artificial Intelligence news and archive

Opportunities for Italian luxury grow in India

The Indian market has room for Italian products, spanning from mechanics and luxury to cars and food, including wine and oil. “This is the new frontier for 'Made in Italy',” senator Adolfo Urso, minister for business and 'Made in Italy' (Mimit), emphasised yesterday. He was visiting the Italian pavilion at the AI Impact Summit in New Delhi,...

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Business

Amazon expected to cut thousands of corporate jobs

Amazon is expected to announce a second round of job cuts as early as Tuesday this week, in line with the e-commerce and tech giant’s wider restructuring efforts, which include efforts to reduce its corporate workforce by 30,000, according to US media reports. Equal to approximately 10 percent of its corporate workforce, the news comes months...

Retail

Stitch Fix launches new Compliment Guarantee to help boost confidence

Online personal styling service Stitch Fix has launched a new guarantee to help reinforce the notion that great style goes further than just clothes, but that it is also about showing up confidently. Introduced ahead of National Compliments Day on January 24, Stitch Fix has introduced a ‘Compliment Guarantee.’ Designed to combat the...

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Fairs

The relevance of trade fairs and innovation in times of economic uncertainty

A recent panel discussion regarding the upcoming Techtextil and Texprocess 2026 trade fairs highlighted a critical turning point for the textile industry. The discussion brought together four industry experts to address how innovation serves as a tool for resilience during global economic uncertainty. Olaf Schmidt, vice president textiles and...

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Retail

NRF 2026: Five tech start-ups reshaping retail landscape

As the global fashion industry navigates a transformative period defined by technological integration and sustainability mandates, the NRF 2026 Innovators Showcase has emerged as a critical hub for next-generation solutions. Taking place at the Jacob K. Javits Convention Center in New York from 11 to 13 January, the event highlights companies...

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People

Lorenzo Bertelli (Prada): "thanks to AI, we will finally be able to value people who work with their hands"

Scandicci (Florence, Italy). “Technology and artificial intelligence will give us efficiency and free up time for high value-added work,” stated Lorenzo Bertelli, chief marketing officer and head of corporate social responsibility for the Prada Group, and the future CEO. Bertelli was in Scandicci in November, together with current CEO Andrea...

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Business

Making structure effective: AI as a cost lever in the fashion industry

However high the cost pressure may be, compromising on quality is not an option in the fashion industry. A reliable planning rhythm, a robust data foundation and practical AI building blocks reduce friction costs along the fashion value chain. Thoughtful governance is key during implementation to ensure that savings potential is realised in...

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Amazon founder launches AI venture Project Prometheus, signalling potential shifts for retail and fashion

Jeff Bezos is returning to the chief executive role with a new artificial intelligence venture, Project Prometheus, a move that could reshape how technology flows into sectors including retail and fashion. According to The Times, the early-stage company has secured 6.2 billion dollars in initial funding, placing it among the world’s most...

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Alibaba to transform B2B sourcing with agentic AI

E-commerce giant Alibaba has announced the integration of agentic AI capabilities into the user journey of its business-to-business (B2B) marketplace. Launched under the 'AI mode' feature, this technological innovation aims to transform the processes by which professionals discover, evaluate and interact with suppliers. Even more impressive than...

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Business

An eye on payments: Ant International introduces iris payment via smart glasses

Ant International is integrating iris authentication into GlassPay, its smart glasses payment solution on the Alipay platform, for the first time. The Singapore-based financial technology company announced on Thursday that this new technology aims to make payments more secure and the shopping experience more seamless. It complements existing...

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Amazon shares soar on AI cloud computing boom

San Francisco, US – Amazon's shares soared by almost 10 percent on Thursday. The e-commerce giant announced better-than-expected earnings, driven by the growing demand for its AI cloud computing services. Quarterly sales increased by 13 percent, reaching 180.2 billion dollars across the company, it reported. Net income rose to 21.2 billion...

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Amazon to invest five billion dollars in AI data centres in South Korea

Seoul – Following the announcement of a new round of redundancies as part of its strategy to reduce costs and accelerate investment in artificial intelligence, Amazon will invest more than five billion dollars to build AI data centres in South Korea by 2031, the Asian country reported on Wednesday. The commitment was announced by Matt Garman,...