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British retailer and food group Associated British Foods (AB Foods) is reviewing whether to separate its affordable-fashion chain Primark from its food business. The move comes after a full-year profit drop of about 13 % due to weak performance in its sugar division. In its results year ending 13 September, AB Foods reported revenue of…
OpenAI, the pioneering company behind ChatGPT, is quietly laying the foundation for what could be the largest and most highly anticipated initial public offering (IPO) in years. According to reports from Reuters, the company is preparing for a public debut that sources suggest could value the AI juggernaut at up to an astonishing $1 trillion….
General Motors (GM), one of America’s largest automakers, is announcing a new round of layoffs and job cuts. This is a significant move as the company works to restructure its business. Why GM is Cutting Jobs The job cuts are most likely part of a push to become more efficient and agile. This major shift…
Meta Platforms has announced a new round of job cuts. These layoffs are part of a broader company restructuring driven by Artificial Intelligence (AI). The company is aggressively shifting its focus toward generative AI development. This strategic move means certain teams are no longer seen as essential. The layoffs appear concentrated in non-engineering roles. Areas…
