Bloomberg Technology
Younger People Are Shifting to Secondhand Clothes: thredUP CEO
Jul.23 — thredUP Co-founder and CEO James Reinhart discusses what is behind the boom in secondhand clothing sales. He speaks with Emily Chang on “Bloomberg Technology.”
Bloomberg Technology
SpaceX May Buy Data From Failed Startups for AI Models
Elon Musk’s SpaceX has held internal discussions about buying customer and operational information from troubled or defunct startups, according to people familiar with the matter. That data could help improve its artificial intelligence models. Ed Ludlow reports. ——– Like this video? Subscribe to Bloomberg Tech on YouTube: Watch the latest full episodes of “Bloomberg Tech”…
Bloomberg Technology
AI Wealth Boom Leaves Out Silicon Valley’s Jobless Tech Workers
As the global AI debate heats up, another major AI-related discussion is roiling the US tech capital: Who is reaping the financial benefits of the AI boom, and who is missing out? As the coming IPOs of Anthropic and OpenAI are set to bring wealth to San Francisco, a recent gathering of laid-off workers highlight…
Bloomberg Technology
The Case for AI Guardrails Without a Slowdown
AI is helping companies build faster, but as competition at the frontier intensifies, should there be limits on how much risk companies can take to stay ahead? Karen McCormick, chief investment officer at Beringea, argues the answer isn’t slowing innovation, but establishing common guardrails around testing, cybersecurity, and incident reporting. She joins Ed Ludlow on…
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Kitamirike Peter
July 23, 2021 at 10:46 pm
Poverty is what is really driving the trend
mrPmj00
July 23, 2021 at 10:52 pm
=I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, …
___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery.
Warren buffet quotes: It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
mrPmj00
July 24, 2021 at 12:00 am
@john w Wells Fargo donated ALL the processing fees ($400 million) for distributing the government checks during Covid19, whereas other banks kept
it as profit.
%E2%80%9CBy%20donating%20approximately%20%24400%20million,African%20American%20entrepreneurs%20and%20other
mrPmj00
July 24, 2021 at 12:00 am
@john w I’m a regular working Joe who also invests.
Well, the returns could be higher but I like to sleep at night
Overall, I’m up +50% over 1 year since July 2020 so I’m happy.
Enrico Zangari
July 23, 2021 at 11:04 pm
Younger people all over the world get paid less. Mini-Jobs and working unpaid overtime is becomming the norm. So poverty is really the driving force behind Second hand.
Garrison R
July 24, 2021 at 6:52 am
Stop working at mcdonalds maybe.
Salentino
July 24, 2021 at 11:12 am
@Garrison R even if someone is working at McDonald’s that person should be able to live of the salary they get.
Garrison R
July 24, 2021 at 12:50 pm
@Salentino Why? Why make someone with no skill comfortable? If they want to live a comfortable live, they should get more skills. When robots take over chains like Mcdonalds, they’ll have no leverage at all because they had no skill.
RJ Santos
July 23, 2021 at 11:43 pm
Lol. Happened in the 70’s. It’s called being dirt poor as you try to not wear the same outfit every day. Let’s make being poor sound trendy and new. Assholes
ALBERT
July 24, 2021 at 12:00 am
Increase in second hand is an huge hygiene problem in covid era.
hangender
July 24, 2021 at 1:21 am
Been shopping at Ross for less all my life. Welcome to the club.
Austin W
July 24, 2021 at 3:18 am
TJMaxx and Ross has always been where it’s at