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An anonymous reader writes: U.S. wireless carrier Verizon said Thursday it will cut more than 13,000 jobs in its largest single layoff as it works to shrink costs and restructure operations. Verizon also said it plans to convert 179 corporate-owned retail stores into franchised operations and close one store. Verizon's new CEO, Dan Schulman, said in a note to employees the company would reduce its workforce by more than 13,000 employees across the organization, and significantly reduce outsourced and other outside labor expenses. Related: Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%

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An anonymous reader shares a report: A Microsoft executive is questioning why more people aren't impressed with AI, a week after the company touted the evolution of Windows into an "agentic OS," which immediately triggered backlash. "Jeez there so many cynics! It cracks me up when I hear people call AI underwhelming," tweeted Mustafa Suleyman, the CEO for Microsoft's AI group. Suleyman added that he grew up playing the old-school 2D Snake game on a Nokia phone. "The fact that people are unimpressed that we can have a fluent conversation with a super smart AI that can generate any image/video is mindblowing to me," he wrote.

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OpenAI won't say who audits its books. The company, which projects to hit an ARR of $20 billion this year and is valued at $500 billion, has committed to spending about $1.4 trillion on data centers over the next decade. It accounts for roughly two-thirds of unfulfilled contracts at Oracle and two-fifths at CoreWeave. Microsoft alone holds around $375 billion in unfulfilled contracts with OpenAI. Reuters reported the company may target a $1 trillion valuation for a potential IPO in coming years. Most companies at this scale use one of the Big Four accounting firms: Deloitte, EY, KPMG or PwC. OpenAI declined to comment to Financial Times. A person close to the organization told the publication the company has "an industry standard audit with one of the Big Four firms." The company's latest Form 990 filing lists Fontanello, Duffield, & Otake -- a small San Francisco accountancy firm -- as the paid preparer. The form does say an independent accountant audited the statements. Michael Burry, last night: "Can anyone name [OpenAI's] auditor?"

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