SENIOR IRANIAN SOURCE TO REUTERS: PAKISTAN HANDED OVER A U.S. PROPOSAL TO TEHRAN, VENUE OF TALKS STILL BEING DISCUSSED

Andrew Bosworth will oversee Meta Platforms’s “AI For Work” initiative as the company accelerates efforts to become AI-native, according to an internal memo. The move shifts responsibility from Guy Rosen and signals a strategic pivot toward integrating AI across operations to compete with leaner AI-focused startups. Bosworth said internal pilots and rapid adoption of AI tools have built “real momentum,” positioning Meta for its next phase, while his broader role continues to include oversight of metaverse-related technologies.

BRENT CRUDE FUTURES EXTEND LOSSES, LAST DOWN 6% OR $6.32 AT $98.17/BBL