Ritzy red-carpet looks, daring ensembles, and … artificial intelligence? The fashion industry is known more for emerging designers than emerging tech, but fashion players are quickly learning that tech is in when it comes to boosting their bottom line. Take generative AI, which, in the next three to five years, could add between $150 billion and $275 billion to the apparel, fashion, and luxury sectors’ operating profits, write Holger Harreis, Roger Roberts, and coauthors in a recent article. Dive into these insights to discover how tech and other trends are reshaping the fashion landscape.
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