🤖 OpenAI May Get Into Humanoid Robots

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Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

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Here’s what’s on the horizon today:

• OpenAI’s new trademark application hints at humanoid robots

• Samsung chief Jay Y. Lee found not guilty in merger case

• Shein makes a comeback to India after five years of ban

Let’s dive in!

STORIES MAKING A SPLASH

^_AI
OpenAI’s new trademark application hints at humanoid robots

Last Friday, OpenAI filed a trademark application with the U.S. Patent and Trademark Office, hinting at a range of potential new products. The filing includes hardware like smart glasses, headphones, wearables, and virtual reality headsets, all designed for AI-assisted interaction and training.

OpenAI has previously confirmed it’s collaborating with Jony Ive on a hardware project, and CEO Sam Altman revealed plans to develop AI-powered consumer devices through partnerships. However, he noted that prototypes could take years to materialize.

Additionally, the filing mentions humanoid robots for entertainment and assistance, along with custom AI chips and quantum computing services to boost AI performance. OpenAI’s recent hire of Caitlin Kalinowski, formerly of Meta, suggests the company is preparing to test real-world humanoid robots powered by advanced sensors and AI.

^_BUSINESS
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^_BUSINESS
Samsung chief Jay Y. Lee found not guilty in merger case

Samsung’s executive chairman, Jay Y. Lee, has been acquitted of criminal charges by South Korea’s Seoul High Court, clearing him of stock manipulation and accounting fraud over a 2015 merger. The ruling allows Lee to focus on Samsung’s struggling mobile and chip businesses. Lee has always denied the allegations.

While the prosecution can still appeal to the Supreme Court, experts believe it’s unlikely to succeed, as no new evidence can be presented. Samsung’s lawyer expressed hope that the verdict would allow Lee to concentrate on his work.

Lee was previously sentenced to prison in 2017 for bribery related to the merger but was granted a retrial. In 2021, he received a reduced sentence and was paroled, leading to mixed reactions from the public, with some questioning the fairness of the legal process.

^_BUSINESS
Shein makes a comeback to India after five years of ban

Chinese fast-fashion platform Shein has made a strong return to India through a partnership with Reliance Retail, almost five years after being banned due to diplomatic tensions. The new Shein India app, launched ahead of Shein's highly anticipated public listing, marks the brand's re-entry into one of Asia's largest retail markets.

Under the partnership, Reliance retains complete control over operations, with Shein acting purely as a technology partner. All customer data will be stored in India, and Shein will have no access, ensuring Reliance keeps full oversight of the platform and its operations.

This collaboration represents a strategic shift for Reliance, which typically integrates international brands like Muji into its Ajio app. With Shein now in its portfolio, Reliance is better positioned to compete with e-commerce giants like Flipkart, which dominates India’s fashion sector.

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THE WAVES

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