PRESS DIGEST -Wall Street Journal - March 25

Reuters
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PRESS DIGEST -Wall Street Journal - March 25

March 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

  • Meta Platforms META.O is increasing compensation for top executives, including its first offer of stock options, as it tries to fend off competition in the artificial intelligence race and incentivize leaders to stay with the company for several years.

  • A U.S. judge said the Pentagon's blacklisting of Anthropic looked like an effort to punish the artificial intelligence lab for going public with its concerns about AI safety in the military.

  • OpenAI is planningto pull the plug on its Sora video platform, a product it released to great fanfare last year that has since fallen from public view.

  • South Korean memory-chip maker SK Hynix 000660.KS is planning to list in the U.S. this year as it raises funds for investments to meet demand for advanced chips driven by the artificial intelligence boom.

  • A New Mexico jury found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms.

  • FedEx FDX.N said it had launched a same-day delivery service with last-mile delivery software company OneRail, as retailers and logistics firms race to speed up order fulfillment.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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