AI millionaires redefine luxury with meteorites and smartwatches

New AI millionaires are redefining luxury, purchasing unique items like meteorites and smartwatches over traditional luxury goods. These tech-wealthy individuals, often with backgrounds in aerospace and AI, are spending their newfound fortunes on experiences and durable goods, challenging established luxury markets. Fashion brands face pressure to adapt to these evolving consumer tastes, competing with diverse spending priorities beyond traditional luxury items.