Elon Musk testified Tuesday he’s suing OpenAI and two of its co-founders — Sam Altman and Greg Brockman — because the startup’s pivot from a charity to a for-profit business is wrong and sets a concerning precedent for other philanthropic efforts.

US spending on power-generation equipment for data centers may reach $65 billion by 2030, up from $2.6 billion last year, with the rapidly growing industry accounting for the largest share of the total market, according to a report Tuesday from Wood Mackenzie Ltd.

Booking Holdings Inc forecast worse-than-expected second-quarter revenue growth and cut its outlook for the full year as travel demand suffers from the conflict in the Middle East.

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the fall in stocks linked to OpenAI after a report from the Wall Street Journal said the company failed to meet its own sales and user targets. Plus, a jury has been selected for the trial between OpenAI and Elon Musk over whether the company abandoned its founding mission. And, late-night host Jimmy Kimmel defends comments he made that prompted President Donald Trump to call for him to be fired. (Source: Bloomberg)

Spotify Technology SA shares plunged the most in more than four years after the music streaming leader gave a forecast for operating income in the second quarter that missed analysts’ estimates.

Australian outdoor advertising company oOh!media Ltd. is evaluating a takeover bid from Pacific Equity Partners that values the company at A$746.9 million ($537 million)

The yuan is likely to face its seasonal weakness sooner than usual this summer, say analysts, as Chinese firms seek to lock in favorable exchange rates ahead of a record dividend payout in June.

Gold steadied after a two-day drop as investor focus remained on talks between the US and Iran, with the indefinite closure of the Strait of Hormuz continuing to heighten inflation risks.

Stocks in Asia are set for a subdued start after a tech-led selloff dragged US benchmarks lower, as doubts resurface over whether massive spending on artificial intelligence will pay off — just as traders brace for a wave of megacap earnings.

The world’s top iron-ore producer Vale SA posted disappointing first-quarter results as operational pressures more than offset higher prices and volumes.