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Energy major BP will reduce non-frontline production roles by roughly 700 positions as CEO Murray Auchincloss drives a $2B cost-reduction and restructuring strategy.
Major tech firms like Amazon, Alphabet, Meta, and Oracle issue record debt to fund AI infrastructure, pushing bond yields higher and spreading corporate credit margins.
Goldman Sachs Asset Management launches AlphaAI to scale AI-driven investing across public and private markets, naming Lou D’Ambrosio to lead the strategic initiative.
Scale AI appoints former Google Cloud executive Francis deSouza as CEO to drive enterprise AI expansion following Meta’s $14.3B investment and executive transition.
Microsoft beats fiscal Q4 estimates as Azure annual revenue tops $100B and Copilot adoption hits 30M paid seats, reassuring markets over AI spending returns.
