Elon Musk revives lawsuit against Sam Altman and OpenAI, NYT reports

Billionaire Elon Musk has revived a lawsuit against ChatGPT-maker OpenAI and its CEO Sam Altman, alleging that the firm put profits and commercial interests ahead of the public good, the New York Times reported on Monday.

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Elon Musk revives lawsuit against Sam Altman and OpenAI, NYT reports  Billionaire Elon Musk has revived a lawsuit against ChatGPT-maker OpenAI and its CEO Sam Altman, alleging that the firm put profits and commercial interests ahead of the public good, the New York Times reported on Monday.

Tyson Foods tops quarterly estimates as demand rebounds, costs begin to fall  Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed.

Live: Nasdaq futures down 4% as global market rout deepens  Stock markets across the world tumbled as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue growth.

Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast  Taiwan stocks plunged a record 8.4% on Monday, with tech stocks including TSMC sliding as investors spooked by a poor outlook for the U.S. economy sold off one of Asia's top performing markets.

Logitech founder urges company to replace board chair immediately  Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, who recently announced she would not stand for reelection in 2025.

Kellanova jumps on report of buyout interest from Snickers maker Mars  Shares of Pringles maker Kellanova surged more than 16% in trading before the bell on Monday, after a Reuters report said candy giant Mars was exploring a potential buyout of the company.

Morning Bid: Bathed in a sea of red  A look at the day ahead in European and global markets from Wayne Cole.

US yields slide as traders bet on big Fed rate cuts after weak data  U.S. Treasury yields tumbled on Monday as traders moved to price in big rate cuts from the Federal Reserve, after weak jobs data stoked worries that the U.S. economy could be heading for a recession.

AI chip startup Groq valued at $2.8 bln after latest funding round  Semiconductor startup Groq said on Monday it has raised $640 million in a Series D funding round led by Cisco Investments, Samsung Catalyst Fund and BlackRock Private Equity Partners, among others, bringing its valuation to $2.8 billion.

Honeywell Automation India's Q1 profit jumps on order execution  Engineering firm Honeywell Automation reported higher first-quarter profit on Monday, aided by execution of existing orders.

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