Companies like Vivobarefoot and Balena are working on 3D printed shoes for fashion sustainability. Sony cancels a major merger while ChatGPT bans romantic companionship apps. The hosts discuss Macy's rejecting a $5.8 billion offer and the decline of department stores. They also talk about AI news, Apple's pre-order sales for Vision Pro, and the sustainability and customizability of 3D printed shoes.
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Quick takeaways
Vivo Barefoot and Belena are collaborating to create 3D printed shoes made from compostable materials, offering a sustainable option in the fashion industry.
Despite the potential environmental benefits, the high prices of 3D printed shoes may deter some customers from adopting them.
Deep dives
Macy's rejects $5.8 billion offer to go private
Macy's has turned down a $5.8 billion offer from Arc House Management and Brigade Capital Management to take the department store private. Despite announcing store closures and layoffs, Macy's is considering its own plans to revamp the business, but department stores are struggling due to changing consumer habits and a lack of solid value propositions.
AI startup Eleven Labs reaches unicorn status
Eleven Labs, a startup specializing in AI voice cloning, has reached unicorn status with a valuation surpassing $1 billion. This comes as OpenAI moves to restrict romantic companionship apps using their chat GPT technology. While the demand for AI-driven solutions is growing, concerns and potential regulation in this area persist.
Vivo Barefoot partners with Belena for 3D printed compostable shoes
Vivo Barefoot, a leading shoe company, is teaming up with Belena, a material science company, to produce compostable 3D printed shoes. The shoes, made with patented thermoplastic, are 51% biological material and 49% petrochemical. Custom-printed to a customer's specifications, the shoes are a step towards sustainability in the fashion industry. While priced higher than many shoes on the market, they show promise for environmentally conscious consumers.
3D printed shoes are the next wave in fashion sustainability measures, and companies like Vivobarefoot and material science company Balena are working together to make them a reality. Will they find their footing or will high prices deflect customers? Plus: Sony calls off a big merger and ChatGPT forbids romantic companionship apps on the platform.
Join our hosts Jon Weigell and Rob Litterst, as they take you through our most interesting stories of the day.
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