Jun 21, 2017

Pinterest wants to provide outfit ideas with its newest tool

Courtesy of Pinterest

As Pinterest continues to bolster Lens, its image recognition feature, it aims to help fashionistas with outfit ideas. This way, users can point the Pinterest app's Lens feature at an item (or outfit) in their closet, and get recommendations of what to pair it with. Pinterest previously rolled out to Lens the ability to recognize food and recommend recipes.

Why it matters: Pinterest's lofty ambition is to become the "Google of images" and is investing heavily into its image recognition tech. However, it's also competing with major tech players like Microsoft and Google, the latter of which recently unveiled its own tool competing with Lens (and with the same name). Pinterest recently raised an undisclosed amount of funding from existing investors, upping its valuation to $12.3 billion, which it says will help it continue to advance its technology.

More: Pinterest's Lens feature is also getting a new design, as well as new features such as zooming in and out, and analyzing photos previously saved.

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The new oil-cutting pact will help the market but hardly rescue it

The new OPEC-Russia agreement to steeply cut production should help the oil market avoid a complete meltdown, but it's nowhere near enough to undo the damage from the COVID-19 pandemic, analysts say.

Why it matters: It's the first major coordinated response to the pandemic that's creating an unprecedented collapse in global oil demand and has pushed prices to very low levels.

Premier League players launch fund to help U.K. medical workers

Illustration: Aïda Amer/Axios

Premier League players have launched an initiative called #PlayersTogether, which will funnel part of their salaries to the National Health Service to support the U.K.'s front-line workers during the coronavirus crisis.

Why it matters: This decision came at the conclusion of a protracted argument between players, clubs and even government officials over who should bear the brunt of lost revenue in the midst of the pandemic.

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GOP worries Trump has only weeks to sharpen coronavirus response

Photo: Alex Wong/Getty Images

Republicans are increasingly concerned not only about President Trump’s daily briefings but also his broader plan to ease the nation out of the virus crisis and back to work. This concern is acute — and spreading. 

Why it matters: Trump can easily address the briefing worries by doing fewer, but the lackluster bounce-back planning is what worries Republicans most.