Press Digest: Wall Street Journal - Oct 31

SolarWinds

31/10/2023 05:54

Oct 31 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - New U.S. export controls may compel
artificial-intelligence giant Nvidia  NVDA.O  to cancel billions
of dollars in next-year orders for its advanced chips to China,
a move that could deprive Chinese tech companies of crucial AI
resources.
    
    - X Corp told employees that it is worth approximately $19
billion, showing the value of Elon Musk's social-media platform
remains far below its acquisition price a year ago as Musk has
rolled out a raft of changes.
    
    - The Biden administration invoked emergency federal powers
to assert oversight of powerful new artificial intelligence
systems, part of a new executive order aimed at reining in the
risks of the disruptive technology. 
    
    - General Motors  GM.N  and the United Auto Workers (UAW)
struck a tentative deal on Monday, putting an end to a strike
that has spanned more than six weeks at the Detroit Three
automakers. 
        
  
        - The U.S. Securities and Exchange Commission on Monday
sued SolarWinds Corp  SWI.N , alleging the firm defrauded
shareholders by repeatedly misleading them about its cyber
vulnerabilities and the ability of attackers to penetrate its
systems.
        
  
        - Computer parts maker Logitech International  LOGN.S 
appointed Hanneke Faber as its next chief executive officer,
effective Dec. 1.
        
  
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))