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OpenAI alleges that China’s DeepSeek utilized its model to train an AI chatbot – live business updates | Business


OpenAI has reportedly claimed that Chinese competitor DeepSeek used its AI model to train its chatbot, causing a stir in global financial markets. This has led to questions about the US stock market’s reliance on massive computing power for AI training. Nvidia’s stock price saw a record decline before stabilizing. OpenAI is investigating if DeepSeek accessed data improperly, potentially violating terms of service.

The rise of DeepSeek has prompted concern among AI companies and investors, with implications for US-China technological competition. Venture capitalist David Sacks suggests DeepSeek may have distilled knowledge from OpenAI models, leading to calls for preventative measures.

In other news, Dutch chip equipment maker ASML saw a surge in orders, reflecting the growth in AI and semiconductor demand. WH Smith reported declining UK high street sales but rising revenue in its travel arm. South West Water owner Pennon faced a drop in share price after announcing a rights issue to fund increased investment.

The market outlook is mixed, with European stocks showing varied performance. The FTSE 100 is flat, while other indices have seen gains. News also includes a takeover of FTSE 250 manufacturer Dowlais by US company AAM and the potential sale of WH Smith’s UK high street stores. The ongoing technological and economic developments highlight the importance of innovation and strategic decision-making in the current market landscape.

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