Press Digest: Wall Street Journal - August 27
PRESS DIGEST -Wall Street Journal - August 27 Aug 27 (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 will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all U.S. states to resolve claims it designed those social media platforms to addict children.
- Barret Zoph, a co-founder of artificial intelligence startup Thinking Machines Lab, will join Alphabet-owned GOOGL.O unit Google DeepMind.
- Google GOOGL.O is moving a team focused on the risks and societal impact of artificial intelligence out of Google DeepMind, the research lab developing its frontier AI models, according to an internal email viewed by the Journal.
- The surprise visit by the director of the Central Intelligence Agency John Ratcliffe to Moscow this week was to deliver a warning to Russia not to attack NATO countries, according to people briefed on the visit.
- Victory Capital VCTR.O said it will acquire privately held First Eagle Investments from buyout firm Genstar Capital in a cash-and-stock deal valued at about $7 billion, as it moves closer to its target of managing $1 trillion in assets.
- Vanguard Group said it would acquire fintech platform Altruist, giving the asset manager greater access to independent financial advisers and expanding its wealth-management capabilities.
(Compiled by Bengaluru newsroom)