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OpenAI claims China’s DeepSeek used their model to train AI chatbot, according to reports – live updates | Business


In a recent development in the world of AI, OpenAI has claimed that its Chinese competitor DeepSeek used its AI model to train its chatbot. This has led to a disruption in global financial markets, with concerns raised about the US stock market and the power needed to train AI models. OpenAI and Microsoft are investigating whether DeepSeek obtained data in an unauthorized manner, potentially violating OpenAI’s terms of service. This incident has also sparked discussions about the intellectual property rights and technological struggles between the US and China.

Meanwhile, Dutch chip equipment maker ASML reported strong results, with a surge in new bookings leading to record-high share prices. The company’s advanced lithography machines play a crucial role in manufacturing the world’s most advanced chips, supporting AI-related industries. Additionally, FTSE 250 car parts maker Dowlais has agreed to a £1.2bn takeover by US rival American Axle & Manufacturing, highlighting the trend of American companies acquiring British counterparts.

On the other hand, South West Water owner Pennon Group has faced a decline in its share price due to increased investment requirements by the regulator, leading to a rights issue to raise funds. In the retail sector, WH Smith reported falling sales in its UK high street stores, prompting its parent company to seek a buyer for the legacy retail business. The uncertainty surrounding this sale has created concerns for employees, while the company’s focus remains on its more successful travel arm.

Overall, these developments reflect the ongoing dynamics and challenges in the business, economics, and financial markets, with AI, technology, and regulatory issues at the forefront. Stay tuned for more updates as the situation continues to evolve.

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