PRESS DIGEST-Wall Street Journal - March 30
March 30 (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.
- Several tech executives and top artificial-intelligence researchers, including Tesla Inc Chief Executive Officer Elon Musk and AI pioneer Yoshua Bengio, are calling for a pause in the breakneck development of powerful new AI tools.
- Electronic Arts Inc said it is laying off about 6% of its workforce and reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry.
- Walt Disney Co has laid off more than 300 employees in Beijing who worked on its streaming services, according to people familiar with the situation, part of a cost-cutting and restructuring effort at the entertainment company.
- The White House is planning as soon as this week to recommend tougher rules for midsize banks, according to people familiar with the matter, after the collapse of two lenders earlier this month sent tremors through the banking system.
- Sportswear maker Adidas AG said it would drop its opposition to Black Lives Matter's bid to trademark its logo design, which, like the sportswear company's emblem, features three stripes.
- Warner Music Group Corp plans to lay off about 4% of its global workforce, according to a memo from new Chief Executive Robert Kyncl, citing the need to reposition the company toward technology.
(Compiled by Bengaluru newsroom)
