Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsProfits at Japanese automarket Honda have halved in the last quarter, as Donald Trump’s trade war hit their earnings.Honda, which is Japan’s second-largest carmaker, has reported quarterly operating profit of ¥244.2bn (£1.24bn) for April-June, missing analyst forecasts of ¥311.7bn.“We’re excited to make this model, the result of billions of dollars of research, available to the world to get AI into the hands of the most people possible.” Continue reading...