U.S. fashion brand Everlane will be sold to Chinese fast-fashion company Shein for about $100 million, with the deal already approved by both boards, online media outlet Gigazine reported. Everlane, founded in 2011, grew by promoting sustainability and transparency through a direct-to-consumer model. In recent years, slowing growth and weaker profitability increased its financial burden. It had about $90 million in debt as of March and had sought new investors.

OpenAI CEO Sam Altman said Gen Z and college students are using ChatGPT not as a simple search tool but like a personal operating system. He said older users tend to use it as a smarter search engine, while people in their 20s and 30s use it more like a personal assistant. He pointed to data and surveys showing rapid adoption among young Americans and described universities’ mixed responses.