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Press Digest: Wall Street Journal - September 16

PRESS DIGEST-Wall Street Journal - September 16

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

- OpenAI has recently held discussions with large investors about a fresh capital raise that would increase the ChatGPT maker's valuation to about $1.2 trillion before it goes public.

- The United States is pressuring Mexico to accept new rules for exports of AI hardware to prevent Chinese companies and other foreign firms from circumventing tariffs.

- Brookfield Asset Management BAM.N agreed to acquire Australia's Reliance Worldwide in an all-cash deal that values the plumbing-supplies manufacturer at US$2.9 billion.

- Singapore's Grab GRAB.O said it would acquire buy now, pay later (BNPL) provider Atome Financial in a deal that could ultimately value the target at up to $4.5 billion.

- Amazon Web Services cannot restore access to its cloud-computing facility in Bahrain and one of three data-hosting zones in the United Arab Emirates following damage during the Iran war.

- The U.S. National Highway Traffic Safety Administration said Tesla TSLA.O must answer a series of questions by September 30 on whether it properly self-certified its autonomous Cybercab robotaxi as part of the government's investigation.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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