Gap, M&S, Topshop and more are taking a leaf from luxury label playbooks to satisfy savvier generation of shoppers High street brands that boomed in the noughties before the squeeze of both sustainably minded consumers…
AI summary Nearly a quarter of Microsoft's workforce, roughly 60,000 people at or below vice president rank, is being offered voluntary exit packages across the UK, India, Canada and the U.S. Staff in Windows, Copilot, Xbox, Finance and similar teams qualify, while quantum computing, data centers, cybersecurity and sales, mostly linked to the company's AI ambitions, are excluded. This is the year's second offer of its kind, following May buyouts for 8,750 American workers and 4,800 layoffs in July. Finance chief Amy Hood expects AI infrastructure spending of around $170 billion in 2026, a little under the $175 billion previously targeted.
AI summary According to the Wall Street Journal, OpenAI has raised about $11 billion in its newest funding round, less than half of the $30 billion target. The deal puts the company's value at $1.25 trillion rather than the $1.4 trillion it wanted, reportedly since big investors stepped back amid a tech sell-off triggered by disappointing results at Google, Amazon and Intel. The company now hopes to bring in as much as $20 billion from wealthy individuals and family offices, and is said to be considering an IPO early next year. Rival Anthropic, whose revenue has lately risen more quickly, may go public as early as November.
AI summary Shopify chief Tobi Lütke told Alex Heath on the Sources podcast, in an episode released Oct. 28, that how staff responded to the AI question added to performance reviews was irrelevant; its presence was meant to set an expectation. The question stems from his April 2025 memo making reflexive AI use a baseline requirement and asking teams to justify why AI can't handle work before requesting more staff. Lütke said both rules now run without enforcement and that he is unsure whether the question remains in current reviews. He added that AI skeptics who stay quiet will not become top performers where colleagues rely on AI agents.
AI summary A BrightEdge study of travel queries found that well-known brands such as American Airlines, Expedia and Royal Caribbean top their categories on both ChatGPT and Google AI Overviews. In hotels, Marriott leads on ChatGPT with 29.4%, while Hilton is ahead on Google's AI answers at 28.3%. Booking platforms showed up in 78% of Google AI Overviews answers tied to budget terms like "cheap" or "deal," versus 17% elsewhere, with Expedia in 44% of them. Inspiration-style questions gave more room to YouTube, Reddit and AAA, and only 9% of tracked prompts carried booking intent.
AI summary Google has started a public preview of its Connected Apps Platform, which it first announced on Oct. 28, allowing developers to apply so that approved apps can work within AI Mode in Search and the Gemini app. Apps link up through a remote MCP server or Android's AppFunctions, are registered in Google Connected Console, and must pass Google's review and testing before going live. Google's policy bars apps from using misleading or overly broad descriptions to get the model to pick them over rival apps. More than 50 connected apps are already available, with Canva and Instacart among them, and Google plans to add Peloton, Adobe and other partners' apps to Search in the coming weeks.