Finance

Bank of America names top deputies, offering clues to Moynihan’s successor

Bank of America names top deputies, offering clues to Moynihan’s successor

Brian MoynihanJohn Lamparski/Getty Images Bank of America on Friday elevated BofA veterans Jim DeMare and Dean Athanasia to co-presidents. They will work with CEO Brian Moynihan to overs...

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BlackRock to invest $678 million in UK data centres during Trump visit, Sky News reports

BlackRock to invest $678 million in UK data centres during Trump visit, Sky News reports

(Reuters) -BlackRock plans to invest 500 million pounds ($678 million) in British data centre infrastructure through a new joint venture with Digital Gravity Partners, one of a string of deals to...

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Elon Musk’s xAI lays off hundreds of workers tasked with training Grok

Elon Musk’s xAI lays off hundreds of workers tasked with training Grok

VINCENT FEURAY/Hans Lucas/AFP via Getty Images XAI laid off about a third of its data annotation team, reducing staff by about 500 workers. The layoffs follow a strategic shift to priori...

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