Microsoft Cuts Jobs, Chime Files IPO, and Silicon Valley Races AI to Market
In today’s episode ofThe Business Show, Microsoft cuts 6,000 jobs in a major restructuring move, Kraft Heinz announces a $3 billion factory upgrade to combat rising costs and tariffs, and Chime files to go public while distancing itself from being seen as a bank. American Eagle Outfitters pulls its outlook after weak quarterly results, and a growing concern is echoing through Silicon Valley: has AI safety been sacrificed for speed and profits?
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