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Meme coin Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is seeing a rising value, with the cryptocurrency up 12% in the last day and 44% over the last week, thanks to an increased burn rate and a teaser from <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41059326/shiba-inu-soars-29-on-shi-stablecoin-update-lead-developer-shytoshi-kusama-teases-breakout">the coin's developer.</a>
Here&#8217;s a look at how much money people who got in at the start of the Shiba Inu storyline would have made today.
What Happened: Shiba Inu launched as a similarly themed cryptocurrency to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)<a href="https://www.benzinga.com/money/shiba-inu-price-prediction"> in August 2020. </a>Today, the cryptocurrency is one of the 15 largest coins by market capitalization, and has appeared in the top 10 from time to time.
Shiba Inu leverages the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) network and created a decentralized exchange called ShibaSwap, which includes tokens like BONE and LEASH.
Investors who became familiar with Shiba Inu early would have profited nicely.
The cryptocurrency launched in August 2020, and its earliest date listed for price history is Aug. 1, 2020, when it traded at $0.00000000051 per token.
A $100 investment at the time could have bought 196,078,431,373 Shiba Inu.
That investment would be worth an astonishing $3,974,509.80 today, based on the current price of a Shiba Inu at $0.0002027.
Shiba Inu&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32809268/heres-how-much-100-in-shiba-inu-today-will-be-worth-if-shib-returns-to-all-time-highs" target="_blank" rel="noreferrer noopener">hit an all-time high</a>&nbsp;of $0.00008845 in October 2021. At its peak, the $100 investment would have been worth $17,343,137.25.
Formerly only available on decentralized exchanges like Uniswap, Shiba Inu was added to several major cryptocurrency platforms like Coinbase, Kraken and Robinhood <a href="https://www.benzinga.com/markets/cryptocurrency/22/04/26588234/shiba-inu-solana-polygon-and-compound-land-on-robinhood-what-you-need-to-know">in 2021 and 2022.</a>
Not all <a href="https://www.benzinga.com/money/top-10-cryptocurrencies" target="_blank" rel="noreferrer noopener">cryptocurrencies</a> appreciate this much in value, and most have low trading volumes when first offered, making this type of investment outcome unlikely for the majority.
This is another example of why investing a small amount in cryptocurrency could have a strong return over time.
What's Next: Optimism is growing for Shiba Inu once again, <a href="https://www.benzinga.com/topic/meme-coins">and meme coins</a> are rising, which could benefit one of the largest meme coins in the sector.
Likely helping the SHIB rally is Shytoshi Kusama, the pseudonymous lead of the coin, sharing a meme on X that could point to optimism ahead.
Shiba Inu's marketing lead recently teased the launch of a stablecoin called SHI from Shiba Inu. The launch of a stablecoin and the increasing burn rate of SHIB could point to increased attention on the meme coin in the coming months.
SHIB Price Action: Over the past 52 weeks, Shiba Inu has traded between $0.000006688 and $0.00004534.
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

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$SHIB

If You Invested $100 In Shiba Inu When The Coin Launched, Here's How Much You'd Have Now

<a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play">Billionaire entrepreneur</a> and investor&nbsp;Mark Cuban&nbsp;admitted to supporting Donald Trump in 2016 and credited a conversation with JD Vance for his subsequent <a href="https://www.benzinga.com/general/education/24/07/39871374/mark-cuban-reflects-on-visiting-trump-at-the-white-house-hes-talking-nonsense-about-a-lot-of-th">change of heart</a>.
What Happened: On Friday, Cuban shared a video compilation of him spanning from 2015 to 2017, in which the&nbsp;&#8220;Shark Tank&#8221; star could be heard expressing favorable views about Trump.
The part-owner of the Dallas Mavericks, reposted the video on X, formerly Twitter, saying, &#8220;I did support Trump for a bit back in 2016. Then I had a long conversation with JD Vance.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I did support Trump for a bit back in 2016. Then I had a long conversation with JD Vance <a href="https://t.co/Lo6SnWJcag">https://t.co/Lo6SnWJcag</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1839496722860368261?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple&#8217;s New Passwords App with End-to-End Encryption: Here&#8217;s How You Use It</a>
Why It Matters: Cuban&#8217;s relationship with Trump has been a rollercoaster ride. He previously saw Trump as a disruptor who could shake up the status quo, <a href="https://www.benzinga.com/startups/24/08/40582769/mark-cuban-now-calls-trump-a-snake-oil-salesperson-but-reveals-they-were-once-so-friendly-that-trump">a trait he admired</a>.
&#8220;I actually started off supporting Donald and then I got to know him better. I was like, &#8216;He&#8217;s great, he&#8217;s not a typical Stepford candidate.&#8217; I thought that was a positive, and then I got to know him,&#8221; Cuban said in an interview with Vivek Ramaswamy last month.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're the country where you can disagree like hell &amp; still get together at the dinner table at the end of it. Mark Cuban &amp; I roast each other from time to time, but we share a love of capitalism &amp; free speech. It's good to hear the other side sometimes. Talk again soon, <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a>.… <a href="https://t.co/75lOZ2SiVO">pic.twitter.com/75lOZ2SiVO</a>
&mdash; Vivek Ramaswamy (@VivekGRamaswamy) <a href="https://twitter.com/VivekGRamaswamy/status/1821235439447240727?ref_src=twsrc%5Etfw">August 7, 2024</a></blockquote>
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The billionaire investor&#8217;s political stance has since evolved. He&nbsp;has been publicly endorsing Vice President&nbsp;Kamala Harris, the Democratic presidential nominee for the 2024 election.
Cuban has previously also labeled&nbsp;Trump <a href="https://www.benzinga.com/news/24/09/40849505/mark-cuban-says-he-truly-does-not-hate-trump-but-calls-him-a-lousy-president-if-he-wasnt-running">as a &#8220;lousy president&#8221;</a> and&nbsp;stated his preference for President Joe Biden over Trump. &#8220;I truly don't hate him at all. I just think he was and would be a lousy president.&#8221;
&nbsp;Earlier this month, Cuban also <a href="https://www.benzinga.com/news/24/09/40869372/mark-cuban-calls-out-trumps-investment-record-which-startups-has-trump-ever-invested-in-that-didnt-i">publicly questioned</a>&nbsp;Trump&#8217;s track record of investing in startups outside his family businesses.
Cuban&#8217;s question went beyond finances, pointing to Trump&#8217;s character. When another user challenged the basis of his claim, Cuban highlighted that Trump, as a presidential candidate, must file financial disclosures with the FEC.
He added that he couldn&#8217;t find any evidence of Trump investing in businesses outside his family.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41061660/ex-microsoft-ceo-and-billionaire-steve-ballmer-says-he-gets-most-important-stuff-from-elon-musks-x-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Microsoft CEO And Billionaire Steve Ballmer Says He Gets &#8216;Most Important Stuff&#8217; From Elon Musk&#8217;s X: &#8216;I Wanna Know Straight From The Source&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

News

Politics

Billionaire Mark Cuban Admits To Being A Trump Supporter In 2016, Credits 'Long Conversation' With Former President's Running Mate JD Vance For His Political Shift

Executives at ChatGPT-parent OpenAI were reportedly apprehensive about the company&#8217;s future <a href="https://www.benzinga.com/news/24/05/38834519/openai-chief-scientist-ilya-sutskever-steps-down-ceo-sam-altman-calls-him-a-guiding-light-of-ai-fiel">following the exit</a> of key personnel, including co-founder Ilya Sutskever.
What Happened: Earlier this week, OpenAI CTO Mira Murati <a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon">announced her exit</a> from the company, which re-ignited the concerns regarding OpenAI and the increasing number of high-profile departures from the company.
Now, a <a href="https://www.wsj.com/tech/ai/open-ai-division-for-profit-da26c24b">report</a> by the Wall Street Journal has indicated that after Sutskever resigned in May, followed shortly by Jan Leike, OpenAI executives, fearing a potential larger exodus, worked to bring Sutskever back.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPhone 15 Pro Models and iPhone 13 Discontinued By Apple: Here&#8217;s Why</a>
Murati and the then OpenAI President Greg Brockman visited Sutskever at his home, expressing concerns and bringing letters and cards from employees urging his return, the report noted.
OpenAI CEO Sam Altman also reportedly visited him.
As per the report, while Sutskever was considering his return, he was later told by Brockman that the offer for him to come back had been rescinded.
Soon after, Sutskever founded a new venture, Safe Superintelligence, aimed at developing the most advanced AI without the distraction of product releases, <a href="https://www.benzinga.com/news/24/09/40722123/openai-co-founder-ilya-sutskevers-ai-startup-raises-1b-from-andreessen-horowitz-sequoia-as-sam-altma">raising $1 billion in funding</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI is reportedly working on making a shift from a non-profit to a <a href="https://www.benzinga.com/news/24/09/41038183/openais-restructure-from-non-profit-to-potential-150b-for-profit-sam-altman-could-get-equity">for-profit benefit corporation</a>.
Earlier this week, it was reported that OpenAI CFO Sarah Friar <a href="https://www.benzinga.com/news/24/09/41061883/openai-cfo-sarah-friar-reassures-staff-of-incredibly-high-investor-interest-as-cto-mira-murati-and-k">tried to reassure staff</a> by highlighting the &#8220;incredibly high&#8221; investor interest in the company&#8217;s funding round following the departure of Murati.
On the other hand, Elon Musk, co-founder of OpenAI and CEO of Tesla and SpaceX, has <a href="https://www.benzinga.com/news/24/09/41067896/elon-musk-isnt-pleased-that-sam-altman-likely-to-get-7-stake-after-chatgpt-parents-planned-for-profi">expressed concerns</a> about the company&#8217;s transition to a for-profit entity, which could potentially give CEO Altman a 7% stake ChatGPT-parent.
On Friday, it was also reported that Apple Inc. has reportedly <a href="https://www.benzinga.com/news/24/09/41078582/tim-cook-led-apple-reportedly-abandons-openai-funding-round-discussions-but-nvidia-and-microsoft-cou">withdrawn from negotiations</a> to invest in OpenAI's funding round, which aims to raise between $6.5 billion and $7 billion.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Flickr and Stanford University

Startups

Tech

Media

OpenAI Execs Feared ChatGPT-Parent Would Collapse After Departure Of Ilya Sutskever, Tried To Woo Him Back And Almost Succeeded: Report

Vice President Kamala Harris is marginally leading Republican presidential nominee Donald Trump in six crucial battleground states.&nbsp;
What Happened: According to a survey <a href="https://www.bloomberg.com/news/features/2024-09-26/harris-holds-thin-lead-over-trump-in-swing-state-poll-election-2024?srnd=undefined&amp;leadSource=uverify%20wall">conducted</a> by Bloomberg News/Morning Consult published late Thursday, the two candidates are evenly matched in Georgia.
However, Harris is leading Trump in Nevada, Pennsylvania, Arizona, Michigan, North Carolina, and Wisconsin.
The poll indicates Harris has a 7-point lead over Trump in Nevada and a 5-point lead in Pennsylvania. In Arizona and Michigan, Harris has a slight 3-point advantage.
See Also: <a href="https://www.benzinga.com/news/24/09/40969781/nate-silvers-forecast-kamala-harris-retakes-lead-over-donald-trump">Nate Silver&#8217;s Forecast: Kamala Harris Retakes Lead Over Donald Trump</a>
The Vice President&#8217;s lead narrows down to a 2-point difference in North Carolina and Wisconsin.
Except for Nevada and Pennsylvania, Harris&#8217;s leads fall within the survey&#8217;s margin of error, the report noted.
With less than six weeks to Election Day, Harris holds a 3-point lead over Trump among likely voters in all seven swing states.
The survey was conducted between Sept. 19 and Sept. 25 among 6,165 registered voters in seven battleground states.
Why It Matters: Earlier this week, a <a href="https://www.benzinga.com/news/24/09/41049170/harris-vs-trump-55-cfos-believe-vice-president-likely-to-win-election-although-ex-president-is-bette">survey revealed</a> that 55% of CFOs predict that Democratic nominee Harris will win in the upcoming election.
Previously, it was also reported that Harris has been <a href="https://www.benzinga.com/news/24/09/40971646/harris-vs-trump-kamala-harris-leads-in-fundraising-as-wall-street-silicon-valley-boost-her">leading in fundraising efforts</a>, with significant contributions from Wall Street, Silicon Valley, and Hollywood.
This week, <a href="https://www.benzinga.com/news/24/09/41061814/british-pm-dines-with-trump-skips-meeting-with-kamala-harris-due-to-usual-diary-challenges">Trump also met British Prime Minister</a> Sir Keir Starmer, but the Vice President could not do the same because of "unusual diary challenges."
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</ul>
Photo courtesy: Shutterstock

Democratic Presidential Nominee Kamal Harris Slightly Ahead Of Trump In 6 Key Battleground States: Poll

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has reportedly decided to <a href="https://www.benzinga.com/news/24/08/40636153/apple-in-talks-to-invest-in-openai-as-chatgpt-makers-valuation-climbs-to-100b-report">withdraw from negotiations</a> to invest in OpenAI&#8217;s funding round, which is projected to raise between $6.5 billion and $7 billion.
What Happened: Apple&#8217;s decision to pull out of the talks was made at the last minute. The funding round, spearheaded by venture capital firm Thrive Capital, is due to close next week, <a href="https://www.wsj.com/tech/apple-no-longer-in-talks-to-join-openai-investment-round-e3be3e66?st=9Lda8s&amp;reflink=desktopwebshare_permalink">reported</a> The Wall Street Journal, citing a person with knowledge of the matter.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are still in talks to join the round, with the former expected to contribute around $1 billion, adding to its <a href="https://www.benzinga.com/news/24/06/39550891/microsofts-13b-investment-in-openai-under-eu-scrutiny">existing $13 billion investment</a> in the company.
See Also:<a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon" target="_blank" rel="noreferrer noopener">OpenAI CTO Mira Murati Steps Down: ‘I Want To Create The Time And Space To Do My Own Exploration…'</a>
Investment firm Tiger Global Management&nbsp;and UAE&nbsp;state-backed company MGX are also&nbsp;reportedly considering participation.
Earlier this month, it was reported that OpenAI is in the process of <a href="https://www.benzinga.com/news/24/09/41038183/openais-restructure-from-non-profit-to-potential-150b-for-profit-sam-altman-could-get-equity">transitioning from a nonprofit</a> to a for-profit entity, a move encouraged by many investors in the round.
This transition is expected to be a complex&nbsp;process for the startup. If&nbsp;the transition is not completed&nbsp;within two years, investors in&nbsp;the current round will have&nbsp;the right to request their&nbsp;money back.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: OpenAI&#8217;s transition to a for-profit model has also been a contentious issue. Tesla and SpaceX CEO Elon Musk, who co-founded OpenAI in 2015 and left in 2018, has previously&nbsp;<a href="https://www.benzinga.com/news/24/08/40647123/elon-musk-questions-legality-of-openai-going-from-non-profit-to-for-profit-amid-apple-nvidia-investm">questioned the legality</a>&nbsp;of this shift.
Earlier this year, <a href="https://www.benzinga.com/news/24/06/39264633/as-elon-musk-blasts-apples-partnership-with-chatgpt-parent-openai-analysts-say-theres-definitely-an">Musk also criticized</a> Apple&#8217;s partnership with OpenAI due to concerns about data security and privacy.
Apple had announced its collaboration with OpenAI to incorporate ChatGPT into its operating systems, which led to Musk threatening to ban the Tim Cook-led company&#8217;s devices from his ventures including Tesla.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

AAPL

MSFT

NVDA

Tim Cook-Led Apple Reportedly Abandons OpenAI Funding Round Discussions, But Nvidia And Microsoft Could Still Invest In ChatGPT-Parent

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has been fined €91 million ($101.5 million) by Ireland's Data Protection Commission (DPC) for a 2019 security breach.
What Happened: The DPC initiated an investigation in April 2019 under the General Data Protection Regulation (GDPR) after Meta, then known as Facebook, disclosed that &#8220;hundreds of millions&#8221; of user passwords were stored in plaintext on its servers.
To make matters worse, the 600 million passwords stored in plaintext were reportedly accessed <a href="https://krebsonsecurity.com/2019/03/facebook-stored-hundreds-of-millions-of-user-passwords-in-plain-text-for-years/">by</a> 2,000 engineers at the company nearly nine million times.
The DPC concluded that Meta did not meet the GDPR&#8217;s security standards, as the passwords were unencrypted, posing a risk of unauthorized access to users&#8217; social media accounts. The regulator also found that Meta failed to report the breach within the required 72-hour timeframe and did not properly document the incident.
Deputy Commissioner Graham Doyle emphasized the sensitivity of the exposed passwords, noting the risks of abuse from unauthorized access.
See Also: <a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple&#8217;s New Passwords App with End-to-End Encryption: Here&#8217;s How You Use It</a>
This fine adds to Meta&#8217;s history of GDPR penalties, highlighting ongoing privacy compliance issues. The €91 million penalty is significantly higher than the €17 million fine imposed in March 2022 for a separate 2018 breach.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: This latest fine is part of a series of penalties that Meta has faced over the years for privacy violations. In March 2022, the Irish government fined Meta $18.6 million for mishandling 12 data breaches between June 2018 and December 2018.
The <a href="https://www.benzinga.com/government/22/03/26187133/ireland-fines-meta-platforms-18-6m-in-data-breach-probe">DPC</a> found that Meta failed to implement adequate security measures to protect EU users&#8217; data.
In January 2023, the Irish watchdog <a href="https://www.benzinga.com/government/23/01/30290175/irish-watchdog-penalizes-meta-by-390m-for-user-privacy-violation">imposed</a> a €390 million fine on Meta for user privacy violations. The penalty was related to Meta&#8217;s handling of user data for personalized advertising, which was found to be in breach of GDPR regulations.
More recently, in July 2023, Meta <a href="https://www.benzinga.com/news/23/07/33253716/meta-staring-at-a-100-000-fine-daily-in-norway-if-it-doesnt-fix-its-privacy-issues">faced the threat</a> of a $100,000 daily fine in Norway if it did not amend its privacy policies. The Norwegian Data Protection Authority imposed a three-month ban on Meta&#8217;s behavioral advertising, with potential extensions by the European Data Protection Board.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

Meta Fined $100M For Storing Over Half A Billion Passwords In Plaintext: Mark Zuckerberg-Led Company Reportedly Had 2000 Employees Querying Them 9M Times

OpenAI, the company behind ChatGPT, will reportedly increase the chatbot&#8217;s price by 10% this year, and more than double it to $44 over the next five years.
What Happened: Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI has informed investors that its monthly revenue reached $300 million in August, a 1,700% increase since early 2023. The company projects annual sales of approximately $3.7 billion this year, <a href="https://www.nytimes.com/2024/09/27/technology/openai-chatgpt-investors-funding.html">reported</a> the New York Times.
Currently, OpenAI charges $20 per month for ChatGPT Plus subscriptions. The report suggests that it could be increased to $22 by the end of this year, and more than doubling to $44 over the next five years.
Despite the revenue surge, OpenAI anticipates a loss of around $5 billion this year due to operational costs, employee salaries, and office rent. These figures exclude equity-based compensation and other significant expenses.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
OpenAI is currently in talks with potential investors for a funding round that could raise $7 billion, valuing the company at $150 billion. The round could close as early as next week, amidst the company&#8217;s rapid growth and recent executive departures.
See Also: <a href="https://www.benzinga.com/news/24/09/41043358/sam-altman-poised-for-10-5b-payday-as-openai-transitions-to-for-profit-model-with-150b-valuation-on">Sam Altman Poised For $10.5B Payday As OpenAI Transitions To For-Profit Model With $150B Valuation On Horizon</a>
The documents reveal that OpenAI&#8217;s revenue in August more than tripled from the previous year, with 350 million monthly users as of June. ChatGPT, released in November 2022, has driven much of this growth.
OpenAI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> comment request.
Why It Matters: The price hike comes amid significant organizational changes and strategic shifts at OpenAI. Recently, OpenAI is <a href="https://www.benzinga.com/news/24/09/41043358/sam-altman-poised-for-10-5b-payday-as-openai-transitions-to-for-profit-model-with-150b-valuation-on">planning a transition</a> from a non-profit to a for-profit model to attract more investors. This restructuring could result in a substantial financial gain for CEO Sam Altman.
Additionally, the company has faced high-profile executive departures, including CTO Mira Murati. <a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon">Murati announced her decision</a> to leave OpenAI in a memo shared with the team, which she later posted on X, formerly Twitter.
Despite these challenges, OpenAI&#8217;s CFO Sarah Friar <a href="https://www.benzinga.com/news/24/09/41061883/openai-cfo-sarah-friar-reassures-staff-of-incredibly-high-investor-interest-as-cto-mira-murati-and-k">reassured staff</a> of &#8220;incredibly high&#8221; investor interest in the company&#8217;s funding round. This announcement aimed to stabilize the workforce following the unexpected resignations of several high-profile executives.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

OpenAI Plans To More Than Double ChatGPT Price Over Next 5 Years: Report

Vice President Kamala Harris committed to signing a new version of a bipartisan Senate border security bill during a campaign event in Douglas, Arizona, on Friday.
What Happened: In her first visit to the U.S.-Mexico border in three years, Harris emphasized her intention to reinforce asylum restrictions that have helped reduce border crossings since May.
She stated, &#8220;It was the strongest border security bill we have seen in decades,&#8221; and blamed Trump for halting its progress, <a href="https://thehill.com/latino/4904672-harris-calls-for-tougher-border-security-immigration-reform-in-arizona/">reported</a> The Hill.
Harris also proposed a five-year re-entry ban for individuals crossing the border illegally and stricter penalties for repeat offenders. She pledged to enhance the asylum system and create a pathway to citizenship for long-term undocumented residents.
See Also: <a href="https://www.benzinga.com/news/24/09/41062035/trump-vs-harris-as-vice-president-builds-lead-in-michigan-and-inches-ahead-in-pennsylvania-pollster?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: As Vice President Builds Lead In Michigan And Inches Ahead In Pennsylvania, Pollster Says &#8216;Get-Out-The-Vote Strategies&#8217; Crucial In Highly Competitive Race</a>
Senator Mark Kelly (D-Ariz.) and Arizona Attorney General Kris Mayes also spoke at the event, highlighting the importance of border security and the economic benefits of cross-border trade.
Why It Matters: Harris&#8217;s commitment to tougher border security and immigration reform comes at a crucial time.
In her first major interview as the Democratic nominee for president, Harris <a href="https://www.benzinga.com/news/24/08/40648237/kamala-harris-vows-tougher-border-policy-supports-israels-armament-in-first-major-interview-as-presi">vowed to enforce</a> stricter border policies and criticized her Republican rival, Donald Trump, for derailing a bipartisan bill aimed at addressing the U.S.-Mexico border.
Additionally, Harris has been <a href="https://www.benzinga.com/news/24/08/40643087/kamala-harris-addresses-trump-questioning-her-identity-in-first-interview-after-accepting-nomination">defending her policy shifts</a> on critical issues such as immigration, maintaining that her core values remain intact. In a recent interview, she dismissed Trump&#8217;s claims about her racial identity as the "same old, tired playbook."
Meanwhile, <a href="https://www.benzinga.com/24/08/40622610/gop-donors-strategists-raise-concerns-over-trumps-strategy-against-kamala-harris-if-he-continues-dow">concerns are growing</a> among Republicans about Trump&#8217;s campaign strategy against Harris. GOP donors and strategists are increasingly worried that his attacks on Harris have been ineffective and that his alignment with fringe politicians could hurt his chances in the 2024 presidential election.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Vice President Harris Promises Tougher Border Security And Immigration Reform In Arizona

Ahead of the 2024 US presidential election, the Justice Department has unveiled charges against three Iranian hackers <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">accused of disrupting</a> Donald Trump&#8217;s campaign.
What Happened: The U.S. Justice Department unsealed charges against three Iranian hackers for disrupting Donald Trump&#8217;s presidential campaign, Reuters reported on Friday.
The accused are members of Iran&#8217;s Revolutionary Guards Corps. They allegedly targeted the Nov. 5 election between former President Trump and Vice President Kamala Harris.
Iran dismissed the accusations as baseless. The Justice Department has also targeted Russian election interference, charging and sanctioning state media employees for funding pro-Trump influencers.
See Also: <a href="https://www.benzinga.com/news/24/09/41019829/mark-cuban-fires-back-at-criticism-of-kamala-harris-tax-policies-trump-has-a-new-tax-cut-or-tariff-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Fires Back At Criticism Of Kamala Harris Tax Policies</a>
Attorney General Merrick Garland stated that the hackers — Masoud Jalili, Seyyed Ali Aghamiri, and Yasar Balaghi — aimed to undermine Trump&#8217;s campaign. &#8220;We are seeing increasingly aggressive Iranian cyber activity during this election cycle,&#8221; Garland said.
The indictment alleges the hackers used fake email accounts to deceive campaign officials, stealing emails and internal documents, which were then leaked to the media and Joe Biden&#8216;s campaign. Charges include wire fraud, identity theft, and computer fraud.
The U.S. Treasury Department also imposed sanctions on the three men and other Revolutionary Guard members. The hackers are currently in Iran, out of U.S. law enforcement&#8217;s reach. Garland emphasized the Justice Department&#8217;s commitment to pursuing these individuals indefinitely.
Why It Matters: The charges against the Iranian hackers come amid heightened concerns over foreign interference in U.S. elections.
In August, <a href="https://www.benzinga.com/news/24/08/40303972/trump-campaign-falls-victim-to-cyber-attack-heightening-election-security-fears">Trump&#8217;s campaign</a> confirmed a security breach, believed to be orchestrated by foreign entities hostile to the U.S. This breach included the theft of internal documents, which were later leaked to the media.
Furthermore, Meta Platforms Inc. also <a href="https://www.benzinga.com/news/24/08/40541547/heres-how-meta-thwarted-iranian-hackers-attempt-to-target-trump-and-biden">thwarted an attempt</a> by Iranian hackers to target both Trump and Biden&#8217;s campaigns via WhatsApp accounts linked to the hacking group APT42. This group has been identified by tech giants like Google as an &#8220;Iranian state-sponsored cyber espionage actor.&#8221;
In addition, U.S. intelligence agencies revealed that Iran tried to share hacked Trump campaign data with Biden&#8217;s team. According to a <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">joint statement</a> by the FBI, ODNI, and CISA, Iranian cyber actors sent unsolicited emails containing stolen Trump campaign material to individuals associated with Biden&#8217;s campaign.
Moreover, <a href="https://www.benzinga.com/news/24/08/40428036/openai-blocks-iranian-groups-chatgpt-accounts-for-targeting-us-election-says-covert-operation-did-no">OpenAI</a> uncovered and dismantled a covert Iranian influence operation using ChatGPT to manipulate public opinion during the 2024 elections. The operation, named Storm-2035, produced content on U.S. politics and the presidential election, shared via social media and websites posing as news outlets.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

US Charges Iranian Hackers For Interfering In 2024 Presidential Election

Independent American journalist Ken Klippenstein has been indefinitely barred from using Elon Musk&#8217;s social media platform X, formerly Twitter.
What Happened: This action was taken after Klippenstein on Thursday published leaked documents allegedly associated with Sen.&nbsp;JD Vance&nbsp;(R-Ohio.), the <a href="https://www.benzinga.com/news/24/09/40993779/jd-vance-is-too-radical-and-needs-to-read-up-on-the-history-of-the-second-world-war-says-ukraines-pr">running mate of Republican candidate</a> Donald Trump.
In his newsletter, Klippenstein disclosed&nbsp;a 271-page opposition research file&nbsp;on Vance, which is suspected&nbsp;to be part of an <a href="https://www.benzinga.com/news/24/09/40933501/us-intel-agencies-reveal-iran-tried-to-share-hacked-trump-campaign-data-with-team-biden-fbi-says-no">Iranian scheme to influence</a> the U.S. election.
Following the publication of these files, Klippenstein was banned from X, where he had posted a link to his report and the dossier. Now, the independent journalist has asserted that his ban from X is permanent.
&#8220;Elon Musk is an outspoken supporter of Donald Trump and J.D. Vance's political campaign,&#8221; he said. 
Adding, &#8220;X clearly doesn't want to give the appearance that my ban was politically motivated. But a careful look at the pretext X cites for my suspension makes it obvious that this is political.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/41061660/ex-microsoft-ceo-and-billionaire-steve-ballmer-says-he-gets-most-important-stuff-from-elon-musks-x-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Microsoft CEO And Billionaire Steve Ballmer Says He Gets &#8216;Most Important Stuff&#8217; From Elon Musk&#8217;s X</a>
Klippenstein also said that his article discloses less private information than&nbsp;the Hunter Biden laptop story, which Musk had previously criticized Twitter for blocking.
He also points out that any user who posts a link to his article on X gets their account locked, mirroring Twitter&#8217;s handling of&nbsp;the Hunter Biden laptop story.
The journalist went on to add that X usually offers users the chance to remove posts violating its policies to reinstate their accounts.
However, he claims he received no such offer. As a test, he and his editor redacted all &#8220;private&#8221; information from the Vance Dossier on Substack and filed an appeal, yet his ban remains.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: In December 2022, after Musk acquired Twitter for $44 billion, several high-profile journalists&#8217; accounts were suspended over the <a href="https://www.benzinga.com/news/22/12/30103562/what-gives-elon-musk-twitter-nukes-accounts-of-high-profile-journalists-over-new-doxxing-policy">platform&#8217;s new &#8220;doxxing&#8221; policy</a>.
Musk has repeatedly said that his acquisition of the social media site was primarily motivated by his <a href="https://www.benzinga.com/news/24/09/40785575/elon-musk-says-x-intends-to-obey-the-law-in-each-jurisdiction-but-if-free-speech-is-not-illegal-then">commitment to&nbsp;free speech</a>. However, the recent ban on Klippenstein raises questions about the platform&#8217;s commitment to these principles.
The tech mogul has previously also <a href="https://www.benzinga.com/news/22/11/29864554/musk-says-twitter-ban-on-trump-was-grave-mistake-reveals-preferred-2024-presidential-candidate">criticized Twitter&nbsp;for banning</a> Trump and reinstated the former President&#8217;s account on X.
Meanwhile, Musk&#8217;s involvement with the Hunter Biden story was <a href="https://www.benzinga.com/news/22/11/29850290/elon-musk-says-making-internal-twitter-conversations-on-hunter-biden-laptop-story-public-necessary-t">marked by his release</a> of internal Twitter communications that detail how the platform handled a controversial article from the&nbsp;New York Post&nbsp;in October 2020.
This article alleged corruption involving Hunter Biden, particularly focusing on emails from a laptop purportedly belonging to him.
At the time, Musk said that <a href="https://www.benzinga.com/news/22/11/29850290/elon-musk-says-making-internal-twitter-conversations-on-hunter-biden-laptop-story-public-necessary-t">revealing these documents</a> was &#8220;necessary to restore public trust.&#8221;
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

Social Media

Elon Musk Gets Labelled As An 'Outspoken' Trump Supporter After Journalist Gets Banned On X For Publishing Leaked JD Vance Docs: 'This Is Political'

Israel has reportedly carried out a <a href="https://www.benzinga.com/news/global/24/09/40909027/casualties-rise-from-exploding-hezbollah-pagers-us-says-it-had-no-advance-notice-of-coordinated-atta">large-scale airstrike</a> on the southern suburbs of Beirut, aiming at the leader of Hezbollah, Hassan Nasrallah.
What Happened: The airstrike, which occurred on Friday, was directed at Nasrallah, who has been at the helm of Hezbollah for over three decades, <a href="https://www.wsj.com/world/middle-east/israel-says-it-shot-down-missile-fired-from-yemen-b67c7dc5?mod=hp_lead_pos1">reported</a> The Wall Street Journal, citing people briefed on the attack.
The assault led to the destruction of several buildings, thought to be the main headquarters of Hezbollah. Nasrallah&#8217;s fate is still uncertain.
Ali al-Harakah, a local municipal official, reported numerous explosions in the Haret Hreik neighborhood, causing significant damage and possible casualties.
High-ranking officials from Hezbollah and Iran&#8217;s&nbsp;Islamic Revolutionary Guard Corps were&nbsp;allegedly at the site during the attack.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41061814/british-pm-dines-with-trump-skips-meeting-with-kamala-harris-due-to-usual-diary-challenges?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">British PM Dines With Trump, Skips Meeting With Kamala Harris Due To &#8216;Usual Diary Challenges&#8217;</a>
After the initial attack, Israel&#8217;s military issued warnings to residents in certain Beirut neighborhoods, advising them to evacuate ahead of planned operations against three buildings with strategic underground capabilities, the report noted.
Additional strikes were carried out in the southern suburbs of Beirut later that night.
This aggressive action is part of Israel&#8217;s ongoing efforts to prevent Hezbollah from launching attacks&nbsp;across the Lebanese border into&nbsp;Israel.
If Nasrallah&#8217;s death is confirmed, it would deal a significant blow to Hezbollah and Iran.
Why It Matters: The strike occurred shortly after Israeli Prime Minister Benjamin Netanyahu <a href="https://www.benzinga.com/news/24/09/41071612/netanyahu-defends-israels-actions-at-un-as-tensions-with-hezbollah-escalate">delivered his speech</a> at the United Nations General Assembly in New York.
He defended Israel's actions in Gaza and Lebanon at the assembly, dismissing <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">international demands for a ceasefire</a>. &#8220;We will not accept a terror army perched on our northern border able to perpetrate another Oct. 7-style massacre,&#8221; he said.
On Thursday, Palestinian President Mahmoud Abbas told world leaders at the UN General Assembly that Israeli strikes have led to water shortages, the spread of disease, and dwindling supplies of basic medicines.
It has also been reported that Israel intends to <a href="https://www.benzinga.com/general/politics/24/09/41056542/israel-plans-to-disrupt-arms-delivery-from-iran-to-lebanon-in-motion-as-palestinian-president-cr">disrupt arms transfers</a> from Iran to Hezbollah.
Meanwhile, earlier this month, <a href="https://www.benzinga.com/news/24/09/40920151/china-slams-us-for-shielding-israel-blocking-gaza-ceasefire-efforts-as-war-nears-1-year">China accused&nbsp;the U.S.</a> of shielding Israel and obstructing ceasefire efforts.
China&#8217;s accusation comes against the backdrop of rising geopolitical tensions. In April, <a href="https://www.benzinga.com/news/24/04/38267600/amid-iran-israel-tensions-china-affirms-support-for-tehran-strengthens-ties">China reinforced its support</a> for Tehran, deepening its ties with Iran after the latter&#8217;s direct attack on Israel.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Following Netanyahu's UN Address, Israel Reportedly Launches Massive Airstrike Targeting Hezbollah Leader Hassan Nasrallah In Beirut

LXEH

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

CNET

SONN

High Tide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>), a retail-driven cannabis company, announced Friday that it placed No. 87 out of 417 companies listed on the 2024 Report on Business ranking of Canada's Top Growing Companies. 
High Tide achieved an impressive three-year revenue growth rate of 486%. This consistent growth earned the company a place in the index for the 4th year in a row.
<h3 class="wp-block-heading">Consistent Growth In A Competitive Market</h3>
High Tide&#8217;s ranking in 2024 follows its 2023 achievement, where it placed 38th with a remarkable growth rate of 1,040%. 
This consistent upward trajectory can be attributed to the company&#8217;s<a href="https://www.benzinga.com/markets/cannabis/24/08/40245394/high-tides-cabana-club-loyalty-program-surpasses-1-5m-members-in-canada"> strong retail strategy</a> and operational success. CEO Raj Grover highlighted the success. &#8220;Our aggressive top-line growth is being translated into free cash flow generation.&#8221;
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
This growth allowed High Tide to expand its retail presence, capturing 12% of the market share in five Canadian provinces.
High Tide's annualized run rate now exceeds $525 million, with net income reaching $0.8 million in <a href="https://www.benzinga.com/markets/cannabis/24/09/40887415/cannabis-retailer-high-tide-reports-q3-results">the last quarter</a>. 
In addition to dominating the <a href="https://www.benzinga.com/markets/cannabis/24/08/40558227/cannabis-sales-in-canada-decline-sharply-whats-behind-the-drop">Canadian market</a>, High Tide is looking to expand internationally. The company has set its sights on emerging cannabis markets in <a href="https://www.benzinga.com/markets/cannabis/24/08/40520655/25-german-cities-join-cannabis-pilot-trials-in-2024-under-new-legalization-law">Germany</a> and the United States.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40820402/canadas-largest-cannabis-retailer-high-tide-partners-to-bring-marijuana-offerings-to-events">Canada&#8217;s Largest Cannabis Retailer High Tide Partners To Bring Marijuana Offerings To Events</a>
<h3 class="wp-block-heading">About The Ranking</h3>
The full list of the 2024 winners of Canada's Top Growing Companies is featured in the October issue of Report on Business magazine, along with detailed editorial coverage.
This ranking recognizes the achievements of 417 businesses that qualified by completing a thorough application process and meeting specific revenue requirements. 
Launched in 2019, the program celebrates Canada's most forward-thinking and fast-growing companies across various sectors.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40838052/cannabis-retail-giant-high-tide-ramps-up-offering-for-millions-of-customers">Cannabis Retail Giant High Tide Ramps Up Offering For Millions Of Customers</a></li>
</ul>
Cover Image: Courtesy of High Tide Inc.

Cannabis

Retail Sales

Economics

Markets

HITI

High Tide Cannabis Co. Ranks Among Top Growing Businesses In Canada In 2024

Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) has outperformed the market over the past 15 years by 3.4% on an annualized basis producing an average annual return of 15.43%. Currently, Humana has a market capitalization of $38.48 billion. 
Buying $1000 In HUM: If an investor had bought $1000 of HUM stock 15 years ago, it would be worth $8,712.38 today based on a price of $319.57 for HUM at the time of writing.
<h3>Humana's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727472623_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In This Stock 15 Years Ago Would Be Worth $8,700 Today

Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) has outperformed the market over the past 10 years by 3.22% on an annualized basis producing an average annual return of 14.6%. Currently, Ameriprise Finl has a market capitalization of $46.11 billion. 
Buying $1000 In AMP: If an investor had bought $1000 of AMP stock 10 years ago, it would be worth $3,916.59 today based on a price of $468.62 for AMP at the time of writing.
<h3>Ameriprise Finl's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727472618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Ameriprise Finl 10 Years Ago Would Be Worth This Much Today

Across the recent three months, 12 analysts have shared their insights on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $746.92, with a high estimate of $795.00 and a low estimate of $600.00. This current average has increased by 2.51% from the previous average price target of $728.64. 
<img src="https://www.benzinga.com/files/images/story/2024/1727470860_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Intuit among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$768.00</td>
<td>$768.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$740.00</td>
<td>$745.00</td>
</tr>
<tr>
<td>Sterling Auty</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$600.00</td>
<td>$585.00</td>
</tr>
<tr>
<td>Brent Thill</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$790.00</td>
<td>$770.00</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$795.00</td>
<td>$690.00</td>
</tr>
<tr>
<td>Daniel Jester</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$760.00</td>
<td>$700.00</td>
</tr>
<tr>
<td>Brad Sills</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$780.00</td>
<td>$730.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$768.00</td>
<td>$760.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Maintains</td>
<td>Positive</td>
<td>$757.00</td>
<td>$757.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$685.00</td>
<td>$750.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$760.00</td>
<td>$760.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$760.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Intuit. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Intuit compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Intuit's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/INTU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Intuit analyst ratings.</a>
<h2>About Intuit</h2>
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of US market share for small-business accounting and do-it-yourself tax-filing software.
<h3>Understanding the Numbers: Intuit's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Intuit's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 17.4%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Intuit's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -0.63%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Intuit's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.11%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Intuit's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.06%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.36, Intuit adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

INTU

Deep Dive Into Intuit Stock: Analyst Perspectives (12 Ratings)

10 analysts have expressed a variety of opinions on Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Impinj, revealing an average target of $200.0, a high estimate of $225.00, and a low estimate of $175.00. This upward trend is evident, with the current average reflecting a 15.61% increase from the previous average price target of $173.00.
<img src="https://www.benzinga.com/files/images/story/2024/1727470834_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Impinj. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Lake Street</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Mark Lipacis</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$205.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Scott Searle</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Troy Jensen</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Overweight</td>
<td>$205.00</td>
<td>-</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$215.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Impinj. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Impinj compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Impinj's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Impinj's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Impinj analyst ratings.</a>
<h2>Discovering Impinj: A Closer Look</h2>
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
<h3>Understanding the Numbers: Impinj's Finances</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Impinj's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 19.2%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.72%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Impinj's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.82% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Impinj's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.32% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Impinj's debt-to-equity ratio stands notably higher than the industry average, reaching 2.51. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Impinj: Insights From 10 Financial Analysts

IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) has outperformed the market over the past 10 years by 12.36% on an annualized basis producing an average annual return of 23.75%. Currently, IDEXX Laboratories has a market capitalization of $42.12 billion. 
Buying $100 In IDXX: If an investor had bought $100 of IDXX stock 10 years ago, it would be worth $846.20 today based on a price of $511.78 for IDXX at the time of writing.
<h3>IDEXX Laboratories's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727470822_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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