FirstFT: Legal risks pile up for OpenAI

Legal challenges are mounting for the prominent AI company, OpenAI, raising significant concerns about its future operations and compliance. This comes amid broader financial shifts, including China's decision to close hundreds of banks, which is impacting global financial markets. Meanwhile, the slowdown in dealmaking is signaling an early end to the M&A boom, affecting various sectors. These developments highlight the complex interplay between technological advancements, regulatory environments, and global economic trends.