Here are the business stories making the headlines across Scotland and the UK this morning.
Sport Aberdeen chief executive leaves amid investigation
Sport Aberdeen's chief executive has left the organisation - shortly after it was announced it was being investigated by Scotland's charity regulator.
The Office of the Scottish Charity Regulator (OSCR) said last month there was concern about Sport Aberdeen, and it was then placed under formal investigation earlier this month.
Chief executive Keith Heslop was replaced by an interim chief executive in November. Now Sport Aberdeen has said he will not be returning to the role.
Concerns new hotel would overlook school classrooms
An Aberdeen school has raised concerns that rooms in a planned city centre hotel could provide a "direct line of sight" into some of its classrooms.
Robert Gordon's College (RGC) is calling for the issue to be addressed after plans were submitted for the 132-room complex.
Chief operating officer Kenny Gunnyeon said the proposal raised "serious and significant safeguarding and privacy concerns".
Elon Musk’s SpaceX files for $1.75trn initial public offering
Elon Musk’s SpaceX filed publicly for an initial public offering on Wednesday night, paving the way for the world’s largest stock market float in history.
The rocket, satellite and artificial intelligence company chose Nasdaq to make its debut under the symbol SPCX, according to a filing with the US Securities and Exchange Commission.
The listing is poised to become the first trillion-dollar US market debut and would cement SpaceX as one of the world’s most valuable publicly traded companies.
OpenAI ‘readying $1trn flotation’ after end of court case
OpenAI is said to be preparing to file for an initial public offering in the coming days or weeks in a move that could value the ChatGPT maker at $1trillion.
The artificial intelligence start-up, which was last valued at $852billion, is among a wave of anticipated blockbuster listings in the year ahead, along with Elon Musk’s SpaceX.
The Wall Street Journal reported the AI company’s accelerated timeline for a potential IPO on Wednesday.
Meta plans 8,000 job cuts worldwide to fund AI investment
Meta Platforms has started laying off members of staff around the world as the company attempts to cut costs to compensate for its huge spending on artificial intelligence.
The owner of Facebook, WhatsApp and Instagram began notifying workers on Wednesday morning with as many as 8,000 roles expected to be cut, or about 10% of its global workforce.
The company’s engineering and product teams are expected to be hit hardest by the redundancies, Bloomberg reported, with 350 roles in Dublin expected to be cut.