Bain & Company

According to 36Kr, Bain & Company states in its Global Tech Report that the AI industry must reach $60 trillion in annual revenue by 2031 to justify investments in data centers worldwide. The report notes existing consumer and enterprise AI services could generate up to $1.8 trillion, leaving a $4.2 trillion gap, which may be filled by emerging areas such as autonomous machines, robotics, drug discovery, mental health, and energy production.

According to Monocle, Bloomingdale’s is led by CEO Olivier Bron and has posted 10.2% year-on-year sales growth in the first quarter. Bron discusses redesigning US department stores to deliver an experience akin to Asia and Europe, and mentions renovating the New York flagship and planning renovations at 10 stores over the next five years, with interviews conducted from Paris with Monocle’s Tyler Brûlé.