OpenAI closes $110 billion funding round with backing from Amazon, Nvidia, Softbank
CNBC· 2026-02-27 13:33
Core Insights - OpenAI has successfully closed a $110 billion funding round, significantly surpassing its previous record raise of $50 billion from a year ago [1] - The funding round includes major investments from Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion), elevating OpenAI's pre-money valuation to $730 billion, up from $500 billion in October [2] - OpenAI aims to expand its global reach and strengthen its infrastructure through these partnerships, enabling broader access to frontier AI technologies [3] Financial Strategy - OpenAI has indicated a target of approximately $600 billion in total compute spending by 2030, following earlier statements from CEO Sam Altman regarding $1.4 trillion in infrastructure commitments [5] - The company is providing a more conservative estimate and timeline for its planned spending amid concerns about the feasibility of its expansion ambitions relative to expected revenue [5] Industry Impact - Since the launch of ChatGPT over three years ago, OpenAI has significantly influenced the technology sector and established the generative AI era [4] - Continuous funding is essential for OpenAI to support its ambitions, particularly in acquiring graphics processing units and enhancing its infrastructure [4]
Auri Inc ("Auri") New Acquisition Record Date
Accessnewswire· 2026-02-27 13:33
Core Insights - Auri Inc is advancing its business operations and adding new revenues through strategic initiatives [1] Company Developments - The company has announced the acquisition record date of March 25th, 2026, indicating a significant upcoming corporate event [1]
These Analysts Cut Their Forecasts On Sprout Social After Q4 Earnings
Benzinga· 2026-02-27 13:33
Sprout Social Inc (NASDAQ:SPT) on Thursday reported upbeat earnings for the fourth quarter.The company posted quarterly earnings of 20 cents per share which beat the analyst consensus estimate of 16 cents per share. The company reported quarterly sales of $120.887 million which beat the analyst consensus estimate of $118.767 million.Sprout Social said it sees FY2026 adjusted EPS of 88 cents to 97 cents, versus market estimates of 90 cents. The company projects sales of $490.200 million to $495.200 million, ...
1stdibs.Com, Inc. 2025 Q4 - Results - Earnings Call Presentation (NASDAQ:DIBS) 2026-02-27
Seeking Alpha· 2026-02-27 13:32
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13 Best Long-Term Dividend Stocks to Invest in Right Now
Insider Monkey· 2026-02-27 13:32
In this article, we will take a look at the 13 Best Long-Term Dividend Stocks to Invest in Right Now.According to a recent report by WisdomTree, dividend growth is not a one-size-fits-all concept. Differences in sector exposure, profitability, and earnings growth expectations play a major role in shaping long-term results. In stable markets, these differences may seem less noticeable. During periods of volatility, their impact becomes much more visible.Investors who worry about valuation risk often focus on ...
EU to Implement Long-Awaited Mercosur Trade Deal
WSJ· 2026-02-27 13:32
Core Perspective - The agreement seeks to enhance trade relations between Europe and South America in response to the uncertainties created by Trump's trade tariffs [1] Group 1 - The pact is designed to facilitate trade between two significant regions, potentially leading to increased economic collaboration [1] - The initiative comes at a time of unprecedented uncertainty in global trade dynamics, particularly influenced by U.S. trade policies [1]
Block shares soar as Dorsey leans on AI to trim workforce
Reuters· 2026-02-27 13:31
Group 1 - The company Block announced a significant workforce reduction, planning to nearly halve its employees as part of a strategic overhaul [1] - Following the announcement, Block shares experienced a surge of over 20% in premarket trading, indicating strong market reaction to the news [1] - The overhaul aims to integrate artificial intelligence tools across the company's operations, suggesting a shift towards more technology-driven processes [1]
Netflix follows Warren Buffett's playbook: Don't overpay, walk away
Fox Business· 2026-02-27 13:31
Core Viewpoint - Warner Bros. Discovery (WBD) announced that Paramount Skydance's offer of $31 per share for its film studio and streaming assets surpassed Netflix's previous bid of $27.75 per share, leading to Netflix's withdrawal from the bidding process [2][3]. Group 1: Bidding Process - WBD confirmed that Paramount Skydance's offer was superior, initiating a four-business-day countdown for Netflix to match or exceed the bid, but Netflix exited the bidding just over an hour later [2]. - Netflix's co-CEOs stated that the deal was no longer financially attractive at the price required to match Paramount's offer, emphasizing their disciplined approach to acquisitions [5][11]. Group 2: Market Reaction - Following the announcement of Paramount's superior bid, Netflix shares experienced a relief rally, increasing nearly 10% in after-hours trading [11]. - Since the start of the bidding process on November 20, Netflix shares have declined by more than 19%, indicating shareholder concerns regarding the potential acquisition's impact on the company's balance sheet and regulatory approval [7][8]. Group 3: Strategic Insights - Netflix's leadership highlighted their commitment to remaining disciplined buyers, aligning with shareholder expectations and avoiding overpayment for assets [5][7]. - The co-CEOs indicated that the acquisition was viewed as a "nice to have" rather than a necessity, reinforcing their cautious approach to mergers and acquisitions [11].
FanDuel parent's stock tumbles as the house just can't seem to win for its investors
MarketWatch· 2026-02-27 13:31
Group 1 - The parent company of FanDuel experienced a decline in share prices following disappointing earnings results [1] - A significant factor contributing to the earnings disappointment was the loss of users who placed too many bets and subsequently switched to competitors [1]
Duos Technologies Group, Inc. Signs ~$200M LOI and Appoints Doug Recker as CEO
Globenewswire· 2026-02-27 13:30
Core Insights - Duos Technologies Group, Inc. has signed a non-binding letter of intent with Hydra Host to deploy a high-density NVIDIA GPU cluster, expected to generate approximately $176 million in revenue over a 36-month term with projected annual EBITDA exceeding $40 million [1][2] Group 1: Financial Projections - The GPU-as-a-Service partnership is modeled to support gross margins of more than 80% [1] - Incremental colocation revenue from the collaboration is expected to total approximately $25 million over the same 36-month term [2] Group 2: Strategic Developments - Duos has secured a ground lease in Iowa with access to up to 10MW of utility power, establishing a strategic high-density deployment site [3] - The company aims to build up to 75MW of distributed capacity as part of its long-term strategy [3] Group 3: Leadership Changes - Doug Recker has been appointed as Chief Executive Officer effective April 1, 2026, succeeding Chuck Ferry, who will remain on the board [4] - Under Mr. Recker's leadership, Duos will focus on scaling modular Edge Data Centers and expanding GPU hosting capabilities [4][5] Group 4: Market Positioning - The partnership with Hydra Host is seen as a validation of Duos' High-Power Edge Data Center business line, designed to meet the growing demand for AI compute capacity [2][5] - Duos is positioned to pursue high-value infrastructure opportunities with secured power and rapid deployment capabilities [5]