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I think the Etsy story is a good one as people go there for hand made/design stuff, in many cases Ai can of course produce the exact same object such as a painting or other image..but people do not want it, its the artists input and story behind the painting that they are paying for..

I thought the Patient Capital commentary was an interesting one, presumably PC think S4 have the right balance being an investor.

As a tool, Ai is fantastic but it has limitations which are currently being defined, the most obvious is copying and using other peoples work.

Agree on the Danone example, adds value to the proposition.

There are definite signs of Ai push back, not saying these are overwhelming but enough perhaps make investors question whats going on.

Side stepping the number of law suites for copyright infringement, take a look at the hugely popular Esty platform which is like ebay but for hand made stuff.

New rules come into place July which prevents shops selling items they didn't design themselves, these are seemingly small changes but have a huge impact on platforms saturated with such products .

One view could be that Ai is vulnerable of being discriminated against as being 'fake', not the real thing, the exact opposite of creativity..

Patient Capital is the other one I tend to follow, similar tone to Third Avenue although with a direct reference to Ai.

Basically what they are saying is Ai becomes commoditized and so ubiquitous that margins and pricing power are eroded, it becomes cheap.

Its clever no doubt but its really a bit of an illusion, behind Ai is a lot of people doing the coding an object recognition that Ai depends upon, this is generally done in low paid countries with low employment rights, hardly the glamorous high tech Ai portrays.

Few paragraphs starting with, p3:

'Here’s what we know about AI. Every knowledgeable tech CEO and investor believes we are in the early stages of a transformation. Amazon Founder Jeff Bezos called AI a “horizontal enabling layer,” like electricity, or the Internet. It just makes everything better. The electricity analogy is an interesting one. '

Click quarterly news letters

https://patientcapitalmanagement.com/opportunity-trust

..ahhmmm..

'Chance that's just the props positioning themselves for Monday morning blues..nothing like moving the offer back down throughout the day to curtail any momentum..hope I'm wrong of course, the wronger the better ..(wronger is actual a word, but wrong context but doesn't matter its Friday).'

Coming up to lunchtime and less than £30k traded, maybe the ETF/trackers have finally stopped ?

Third Ave quarterly letters, the first two are worth a read as they too lament the small cap market.

https://www.thirdave.com/shareholder-letters

AstraZeneca has agreed a deal that could be worth almost £4billion with a Chinese company to use AI in the production of new treatments for chronic diseases.

Britain's largest listed company announced the tie-up with biotech firm CSPC Pharmaceuticals following controversy over its involvement in China.

The pharmaceuticals giant will pay CSPC an upfront fee of £81million while a total further payment of up to £3.8billion is available if the drugs reach development and sales-related milestones.

AstraZeneca has been ploughing cash into the country, including announcing a £1.8billion research and development hub in the capital Beijing.

https://www.thisismoney.co.uk/money/markets/article-14810843/AstraZeneca-deal-China-firm-worth-4bn.html

Worth a recap , 2.20m in is relevant to earlier post.

$800M Acquisition Offer for MyProtein Rejected! | THG (The Hut Group) 2025 Q1 Update

https://www.youtube.com/watch?v=S7XxsOGV3C0&t=289s

Last post wasn't that positive, but here's something i am quietly bullish about long term..

How GLP-1 weight-loss drugs are redefining the dairy sector

https://www.dairyglobal.net/industry-and-markets/market-trends/how-glp-1-weight-loss-drugs-are-redefining-the-dairy-sector/

This first popped up with Glanbia announcing the sale of Slimfast after acquiring in 2018, a model that almost overnight has become redundant out of no where.

Having watched the last 12 months as MyProtein rolled out its offline model I thought, yep, this is okay healthy and such but when you look at global trends it really adds up to more than that. I now wonder was this in response to GLP-1 and its derivatives, or perhaps it was a general market driven reaction from feedback received, either way it looks well timed especially with partners such as Muller, Iceland ect..

My Protein pivoting into the Lifestyle sector as opposed to gym users only was the right one in my view, the only caveat to all of this is how does it affect whey pricing long term, do we now have enough new plants to meet additional demand..

Not all protein products have whey added, plus there is now a second wave of animal free whey substitutes that are due to come to market soon.

As the pricing of weight loss products become more affordable, so will the shift, this could be a huge opportunity for those companies ahead of the curve.

Worth highlighting as little to no conversation around this topic..

Chance that's just the props positioning themselves for Monday morning blues..nothing like moving the offer back down throughout the day to curtail any momentum..hope I'm wrong of course, the wronger the better ..(wronger is actual a word, but wrong context but doesn't matter its Friday).

Bear in mind it took two months with mega market volatility for Frasers to acquire 21,380,325 shares, also the 1% threshold was skipped at 12% being reported at 12.60 % instead.

Further softening, still a ways to go yet..

https://www.barchart.com/futures/quotes/DG*0/futures-prices

Received further confirmation from HK exchange, indeed 3069 is an ETF based on Hang Seng Biotech Index, presumably that means both carry Hutchmed we know the latter does from fact sheet on the home page below.

Anyhoo, both doing okay with Hang Seng Biotech Index up a another 4% overnight

https://www.hsi.com.hk/eng/indexes/all-indexes/hshkbio

We might get to additional detail on China/US deal next day or so..

Ouch: Three tech firms bail out of the UK in a single day

https://www.cityam.com/three-tech-firms-bail-out-of-the-uk-in-a-single-day/

There's conflicting statements with Trump saying huge victory but other saying nothing has changed, as mentioned China must be happy as the rare earth minerals was their trump (deliberate pun) card..

Are we taking the US/China trade deal as a positive, China seems happy relaxing exports of precious metals.

The US has agreed a trade deal with China today, hard to get specifics but whatever has been agreed looks set to remain.

'U.S. tariffs on China won’t change again, Lutnick says after trade talks'

I can't see any headlines relating to agriculture/dairy so assuming nothing has changed, i.e the old deal remains. US futures are a bit weaker.

This was the old deal from May:

Tariffs Cast Chilling Effect Over Whey Sales

Damage from U.S.-China trade war extends far beyond sales.

https://www.dairyherd.com/news/business/tariffs-cast-chilling-effect-over-whey-sales

Surprised it has taken the likes of Disney so long, as a Midjounery user myself it was obvious what was going to happen, just look at their home page.

If successful it will fundamentally change the way Ai works in the public domain, users will have to be cognisant of whats copyrighted material, this includes advertisers.

At the moment the pretext is that because Ai found an image and changed it a bit then its all okay, lol

Disney and Universal sue AI image company Midjourney for unlicensed use of Star Wars, The Simpsons and more

https://www.cnbc.com/2025/06/11/disney-universal-midjourney-ai-copyright.html

Thank you for your condescending response, however my post was not an answer to anything, just a copy and paste, nothing more.

From Investing.com

THG Holdings receives Investment Bank Analyst Rating Update

Pro News

Published 06/10/2025, 10:12 AM

Yup, Yorek its an unusual turn given the share price but i guess other factors play a more important role

Quite surprising large pension funds such as CalPERS take such an interest in what to them must be a relatively small position.

Surely that's an oxymoron, you can't have advertising without creativity Ai generated or not..

..and don't call me Shirley

https://www.youtube.com/watch?v=ixljWVyPby0

Cheers dp, interesting turn vote wise a previously 2022/23 and 24 unsupportive of management but this year with exception of Dean have voted in favour.

The question is often posed on here why do institutions support management, well here you go first hand not only are they supporting management but have changed tack after three successive years of not doing so, my guess its to do with board appointments and eco credentials which THG scores well in.