L’Oreal acquired Aesop, the Australian soap and shampoo company, for $2.5B because they sell the most profitable physical thing we’ve ever seen. Levi’s stock dropped 15% in one day last week because when the economy drops, so do your jeans. And if you’ve seen images of The Pope and Harry Potter looking fancy, they’re AI-generated — because artificial intelligence can go from zero-to-artwork in 3.2 seconds.
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