In a world of infinite AI, the new luxury item could well be humans

Tech Insider : Business, Economy, Environment
Residents enjoy a carnival parade on February 6, 2005 in Viareggio, Italy.
Residents enjoy a carnival parade on February 6, 2005 in Viareggio, Italy.

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LVMH's Bernard Arnault overtakes Mark Zuckerberg to become 3rd-richest person after $30 billion wealth surge

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Bernard Arnault
Bernard Arnault has grown $30 billion richer this week.

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Bernard Arnault's wealth is slumping as the luxury boom falters

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Bernard Arnault wearing a navy-blue blazer jacket and a white shirt.
Bernard Arnault's wealth fell by $46 billion over a four-month period, per Bloomberg data.

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Gucci's owner is having a terrible year. The company's profit and stock have slumped as Asia sales dry up.

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Gucci store in China
Gucci's revenue declined significantly in the first quarter.

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Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board

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Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Owner of LVMH Luxury Group Bernard Arnault attend the Louis Vuitton Menswear Fall/Winter 2020-2021 show as part of Paris Fashion Week on January 16, 2020 in Paris, France.
Alexandre, Frédéric, and Bernard Arnault in January 2020.

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AI can now tell if your Louis Vuitton handbag is fake

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a woman carries a Louis Vuitton bag
Entrupy, a tech company, claims it can use AI to detect whether a luxury item is fake with near perfect accuracy.

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Wartime sanctions on Russia have sparked new smuggling opportunities for hot-ticket items like luxury Italian handbags and microchips

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Russian law enforcement officers stand in front of a closed Burberry store in Moscow
Russian police and National Guard servicemen patrol the Red Square next to Burberry shop in Moscow on March 10, 2022.

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A Hollywood director took millions of dollars in Netflix funding and used it to trade options and crypto, report says. Here's a closer look at how he used the cash.

Tech Insider : Crypto
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An illustration of dogecoin.

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Charlie Munger says he dislikes fashion stocks like Nike - but he'd buy Hermès stock if it was cheap enough

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Warren Buffet Charlie Munger Berkshire Hathaway
Charlie Munger (right) and Warren Buffett (left).

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'Wolf in cashmere' Bernard Arnault loses his slot as the world's 2nd-richest man to Jeff Bezos as LVMH stock slips

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Bernard Arnault
LVMH founder Bernard Arnault.

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