SoftBank Group Corp. is in talks to lead a $500 million funding round for Skild AI, a startup building robotics software, according to people familiar with the matter. The startup would be valued at $4 billion,

LVMH Moet Hennessy Louis Vuitton SE followed other luxury goods groups and delivered better-than-anticipated sales growth in the final three months of the year. But the outperformance wasn’t as spectacular as that of Cartier-owner Cie Financiere Richemont SA, or even troubled British brand Burberry Group Plc, which both trounced expectations.

OpenAI—which faces multiple lawsuits for using content without permission—accuses DeepSeek of 'distillation,' a technique that use larger models' outputs to improve smaller ones.

DeepSeek's R1 model shook the AI industry and sent stocks plummeting because the company claimed to have developed it at a fraction of the cost of competing models. If it's proven that DeepSeek used distillation to build on OpenAI's models, the claims of lower costs would hold less weight.

White House AI czar David Sacks alleged Tuesday that DeepSeek had used OpenAI’s data outputs to train its latest models through a process called distillation.

Oil gained after the White House said President Donald Trump’s plan to place tariffs on imports from major US crude supplier Canada and other countries will go into effect on Saturday.Most Read from B

As ongoing geopolitical tensions and supply chain instability could impact the market, countries still appear eager to become more independent in the nuclear fuel cycle. Click to read.

OpenAI and Microsoft are investigating whether DeepSeek used OpenAIs API to incorporate its AI models into their own.

OpenAI says it has found evidence that Chinese artificial intelligence start-up DeepSeek used the US company’s proprietary models to train its own open-source competitor, as concerns grow over a potential breach of intellectual property.

Sam Altman’s company expressed concern Wednesday that DeepSeek’s model had improperly used components of OpenAI’s model.

The European Union will shortly announce its plans for implementing the part of the Basel III regulations that governs banks’ trading activities, according to its finance chief, amid growing pressure for Europe to follow delays elsewhere.

DeepSeek recently launched its open-source AI model called R1, aimed at mimicking human reasoning. The new model has taken on the dominance of US-based companies such as OpenAI, Google, and Meta in the AI space, while being significantly cheaper and more energy efficient.