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Welcome to a new week, Future Party. If you want to feel nostalgic (or just old), check out this new iPod Nano created by LA-based design collective Drought. No, it’s not a working Nano — it’s a ginormous mirror, so you can look at yourself and ponder where all the years went. Wait, why is this mirror making us cry?
DAILY TOP TRENDS
YouTube – Yellowjackets
X
(Twitter)– GodzillaGoogle – Saturday Night
Reddit – Dark Horse Comics
TikTok – “Cake”
Spotify – “Somebody’s Son”
Stores You Know And Maybe Love Are Closing Up Shop
A new report estimates that roughly 15,000 US retail stores are set to close this year — a record for modern times — which could reshape how people shop for typical consumer goods.
Why It Hurts: The dual forces of a rollercoaster post-pandemic economy and a major shift to ecommerce have upended the business models of many tried-and-true brands, who now see scaling down as the only path to survival… let alone profits.
Behind the Liquidations: Coresight Research is feeling a little bleak about the state of brick-and-mortar retailers that seemed unstoppable a decade ago.
The report found that 15,000 American retail locations are set to close, while only 5,800 are expected to open — leading to a loss of 9,200 stores.
That’s a 50% increase from store closures in 2020, which, as you definitely remember, was when COVID upended everything… including people going to stores. It’s also staggeringly more than the net loss of 1,355 stores in 2024.
Nearly 2,000 closures have already occurred, driven by the fall of retail giants like Party City and Big Lots and the major shrinkage of Walgreens and 7-Eleven.
Still, retail sales are actually expected to increase by 3.3% this year, while ecommerce sales leapfrog it with an 8.3% increase.
Final Sale: So, what’s driving all the soon-to-be liquidation sales? Other than the belt-tightening across America on larger consumer goods like TVs and appliances, it’s mostly the internetization of being able to purchase any item, no matter how small.
Coresight writes that the popularity of Temu and Shein has upended low-cost apparel and home goods brands, which can’t compete with the virality of items and cheap delivery. As social shopping takes more market share in the coming years (especially if TikTok remains in the US), expect store closures to only multiply… and create a very different kind of mall atmosphere.
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Sam Altman Wants To ID You To Your AI
Sam Altman’s World web3 project — formerly known as Worldcoin — is developing a tool that would allow humans to link their AI agents with their digital identities, so others online can verify that their actions are truly on behalf of a real person.
The Big Picture: AI agents are poised to be all the rage for the average person who wants to use AI to complete tasks. That leaves open a lot of room for fraud.
Behind the Curtain: World is warning people of a future — one that many of the people involved with the company helped create — where a person’s online profile and an AI agent are indistinguishable.
So, World is creating a suite of “proof of human tools,” starting with its flagship tech of scanning your eye with a metal orb (which once was previously used for crypto).
The orb then assigns a person a “unique identifier on the blockchain to verify that you’re a human,” per TechCrunch. It’s called a “World ID.”
Users can then “license” their AI agents or even a network of agents to act publicly on their behalves — verifying their actions with the human identities behind them.
The Future: Sam Altman certainly knows how to time things — OpenAI just announced an agentic AI system, “Operator,” which already has deals in place for brands like Uber and DoorDash. By ensuring that an AI agent can be linked back to a human — the blue check of AI — that could speed up the adoption of the tech with both customers (who may be wary of letting AI do things for them) and businesses (who may be reluctant to grant AI agents access to their sites).
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DEEP DIVES
Explore: Bloomberg has some great charts about how Kendrick Lamar has risen to the top of hip-hop over the course of 14 years.
Read: Rolling Stone profiles Addison Rae as she transitions from TikTok queen to pop star.
Listen: Your Money Briefing details how even Harvard MBAs are struggling to land jobs right now.
73.9% of you voted Yes in Friday’s poll: Do you think AI will eventually surpass human intelligence in specialized fields?
“Hasn’t it already?”
“I don’t know about intelligence, but it will surpass human efficiency 1,000%.”
“The logic feels circular, considering the symbiotic relationship between human input and AI. Categorically, I think the right question is: why do we need AI to surpass human intelligence?”
“AI will always be reliant on human input to know what to do. Otherwise, it’s just another Coke machine.”
Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.
QUICK HITS
→ Entertainment / Media
🧐 Paramount received an 11th-hour legal letter demanding that the company consider Project Rise Partners’ $13.5 billion offer.
🎥 A new petition calling for the return of production to LA amid wildfire recovery, Stay In LA, has garnered over 6,000 signatures from city residents.
🐵 The trailer for Osgood Perkin’s new Neon movie, The Monkey, scored 109 million views — the most ever for an indie horror film.
→ Technology
💰 Meta plans on spending $65 billion on AI data centers this year alone — a flex to the members of President Trump’s Stargate joint venture.
💵 President Trump signed an executive order that paves the way for US digital currency.
🏦 The SEC rolled out new guidance allowing banks to hold crypto now.
→ Creator Economy
🎮 Fortnite reported that creator-made islands now account for a third of players’ time in the game.
💸 Wall Street banks are about to sell their X loans at a discount to offload their depressed worth.
📱 Threads is testing out ads in the US and Japan.
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Today’s email was written by David Vendrell.
Edited by Nick Comney. Copy edited by Kait Cunniff.
Published by Darline Salazar.