Ultime notizie per Talkspace (NASDAQ:TALK) Azioni

TALKSPACE INC

Talkspace

Talkspace Inc is a behavioral healthcare company offering access to licensed therapists, psychologists, and psychiatrists through its technology platform. It serves clients including health plans, enterprises, and individual subscribers. Therapists address various mental health conditions, while psychiatrists cater to a higher acuity demographic. Revenue stems from payor and direct-to-enterprise clients, with contracts lasting one to three years. The majority of the Company's operations and revenues are based in the United States.

Wallbox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBX#NYSE">WBX</a>) today announced that it is expected to implement a 20-for-1 reverse stock split of all classes of the Company's ordinary shares. The reverse stock split is intended to bring the Company into compliance with the minimum bid price requirement set by the New York Stock Exchange ("NYSE").
Wallbox shareholders approved at the Company's Annual General Meeting held on June 30, 2025 ("AGM") a reverse stock split ratio within a range of 1-for-10 to 1-for-40 and authorized the Board of Directors to determine and execute the final ratio. The Company's Board of Directors subsequently approved the final reverse split ratio of 20-for-1 on the same date.
Wallbox's ordinary class A shares ("Class A Shares") are expected to begin trading on a reverse split-adjusted basis at market open on July 3, 2025 under the existing trading symbol "WBX" with a new CUSIP number N94209 124 ("Effective Date").
On the Effective Date, every 20 shares of Wallbox's issued and outstanding ordinary shares will be automatically combined into one ordinary share.
The reverse stock split will affect all shareholders uniformly and will not affect any shareholder's percentage ownership interest in the Company (except to the extent that the reverse stock split would result in any of the shareholders owning a fractional interest).

News

Stock Split

Wallbox Expects To Implement 20-For-1 Reverse Stock Split Of All Classes Of Its Ordinary Shares

President Donald Trump's "Big, Beautiful Bill" promises the first new tax break for older Americans since 2017, a temporary "senior bonus" deduction that could reduce many retirees' taxable income by up to $6,000 each year from 2025-28.
<h3 class="wp-block-heading">How The Senior Bonus Works</h3>
The Senate-passed version lets every filer 65 or older subtract $6,000 ($12,000 for couples) from income regardless of whether they itemize. The House's One Big Beautiful Bill Act sets the figure at $4,000 per person, <a href="https://www.washingtonpost.com/business/2025/07/02/senior-deduction-trump-social-security/">reported</a> The Washington Post.
Both chambers phase out the break in full for modified adjusted gross incomes up to $75,000 for singles and $150,000 for joint filers. It disappears entirely above $175,000 and $250,000, respectively.
<h3 class="wp-block-heading">Who Qualifies For The Benefits</h3>
Middle-income retirees gain the most. A married couple earning $100,000 could save about $1,600 in federal tax under the Senate plan, analysts at Kiplinger <a href="https://www.kiplinger.com/taxes/senate-seeks-bigger-tax-break-for-retirees-over-65">estimate</a>.
See also: <a href="https://www.benzinga.com/news/financing/25/07/46215083/how-trumps-big-beautiful-bill-impacts-snap-medicaid-taxes-and-student-loans">How Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Impacts SNAP, Medicaid, Taxes And Student Loans</a>
Lower-income seniors who already owe little or no tax on Social Security would see smaller or no savings, while high-income retirees would phased out. "It targets the people who need the help more," said Howard Gleckman of the Urban-Brookings Tax Policy Center in a statement to the Washington Post.
<h3 class="wp-block-heading">Warning On Solvency</h3>
The Committee for a Responsible Federal Budget pegs the senior bonus, together with the bill's broader tax extensions, at about $30 billion a year and says it could push the Social Security trust fund's exhaustion date to late 2032 from early 2033 by trimming the taxes seniors pay on their benefits. The Tax Foundation <a href="https://taxfoundation.org/blog/one-big-beautiful-bill-pros-cons/">calculates</a> that the four-year deduction alone could cost $90 billion if the Senate number prevails, and as much as $250 billion if later made permanent.
What Next: House and Senate negotiators must reconcile the $6,000 and $4,000 figures before a <a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house">final vote</a> expected before the July 4 recess. The Trump administration argues the deduction "slashes taxes on Social Security" without altering benefit formulas, delivering "historic tax relief" to seniors.
Read next: <a href="https://www.benzinga.com/news/politics/25/07/46214509/america-has-no-will-to-help-its-middle-class-says-economist-richard-baldwin-so-politicians-find-a-convenient-scapegoat-globalization">America Has No Will To Help Its Middle Class, Says Economist Richard Baldwin: So Politicians &#8216;Find A Convenient Scapegoat — Globalization&#8217;</a>
Image Via Eric Hartline-Imagn Images

Financing

Trump's 'Big, Beautiful Bill' Offers Seniors A $6,000 'Bonus' Tax Deduction: Here's How You Qualify For The Benefit

Needham analyst Kyle Peterson reiterates Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) from Hold to Hold.

Reiteration

Analyst Ratings

AFRM

Needham Reiterates Hold on Affirm Holdingsto Hold

HC Wainwright &amp; Co. analyst Robert Burns maintains Enliven Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVN#NASDAQ">ELVN</a>) with a Buy and raises the price target from $40 to $48.

Price Target

ELVN

HC Wainwright & Co. Maintains Buy on Enliven Therapeutics, Raises Price Target to $48

Merck (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), known as MSD outside of the United States and Canada, today announced that the U.S. Food and Drug Administration (FDA) has accepted and granted priority review for a new supplemental Biologics License Application (sBLA) seeking approval to update the U.S. product label based on the Phase 3 ZENITH trial for WINREVAIR&#x2122; (sotatercept-csrk). In 2024, WINREVAIR was approved for the treatment of adults with pulmonary arterial hypertension (PAH, Group 1 PH) to increase exercise capacity, improve WHO&#x2A; functional class (FC), and reduce the risk of clinical worsening events. The FDA has set a Prescription Drug User Fee Act (PDUFA), or target action date, of Oct. 25, 2025.
The sBLA is based on data from the Phase 3 ZENITH trial. The ZENITH trial was the first PAH Phase 3 outcome study to use a primary endpoint comprised entirely of major morbidity and mortality events. It was also the first PAH Phase 3 study stopped early by an independent data monitoring committee for overwhelming efficacy. In ZENITH, WINREVAIR demonstrated a 76% reduction in the risk of a composite of all-cause death, lung transplantation, and hospitalization for PAH ≥24 hours compared to placebo. Improvement was observed early in treatment with increasing benefit throughout the study. The safety profile of WINREVAIR in ZENITH was generally consistent with that observed in previous studies. These results were published in the<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nejm.org%2Fdoi%2Ffull%2F10.1056%2FNEJMoa2415160&amp;esheet=54285073&amp;newsitemid=20250702111344&amp;lan=en-US&amp;anchor=New+England+Journal+of+Medicine&amp;index=1&amp;md5=e9c0116b90b6f5740edc5bf503195a4b">New England Journal of Medicine</a>.

Government

Regulations

Merck's WINREVAIR Gets FDA Priority Review After Study Shows 76% Drop in PAH Deaths and Hospitalizations

HC Wainwright &amp; Co. analyst Brandon Folkes initiates coverage on Zevra Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVRA#NASDAQ">ZVRA</a>) with a Buy rating and announces Price Target of $26.

Initiation

ZVRA

HC Wainwright & Co. Initiates Coverage On Zevra Therapeutics with Buy Rating, Announces Price Target of $26

The long-followed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/money/what-is-bitcoin-halving#:~:text=Halvings%20occur%20every%20210%2C000%20blocks,to%201.5625%20BTC%20per%20block.">halving cycle</a>, historically used by traders to time market peaks and corrections, may no longer apply, according to a new report from Standard Chartered.
What Happened: The bank's analysts, in a note sent to Benzinga on Wednesday, suggest that the second half of 2025 will mark a significant departure from previous halving cycle patterns.
The halving cycle, which typically saw Bitcoin prices peaking within 18 months post-halving followed by corrections, is expected to lose its predictive power. 
&#8220;The market will come to realize that the pattern from previous halving cycles is over,&#8221; the bank's note stated, signaling a potential shift in how Bitcoin's price movements are understood.
Standard Chartered projects Bitcoin will reach around $135,000 by the end of the third quarter and climb to $200,000 by year-end. 
Also Read: <a href="https://www.benzinga.com/markets/25/07/46211683/circle-stock-is-a-must-hold-says-bernstein-heres-why">Circle Stock Is A &#8216;Must Hold,&#8217; Says Bernstein: Here&#8217;s Why</a>
Why It Matters: This view is based on expected strong inflows from Bitcoin exchange-traded funds (ETFs) and corporate treasury purchases, which the bank estimates will exceed the 245,000 BTC purchased in the second quarter, with similar or larger flows expected in both Q3 and Q4.
The bank noted that regulatory and political developments could also support Bitcoin's price. Among these, the potential early replacement of Federal Reserve Chair Jerome Powell and the possible passage of the U.S. stablecoin bill in the coming months are key factors that could influence the market.
In past cycles, Bitcoin typically corrected around 18 months after a halving event, a scheduled reduction in mining rewards designed to slow Bitcoin's issuance. 
Standard Chartered now expects this pattern to break as new demand from ETFs and corporate buyers overwhelms historical supply-driven models.
The bank acknowledged that some market volatility may still occur in late Q3 and early Q4, as traders watch for signs of a potential repeat of historical halving-driven declines. 
However, the report maintains that sustained buying activity should keep Bitcoin on an upward trajectory through the end of the year.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46204888/were-back-baby-solana-analyst-highlights-breakout-but-this-bitcoin-metric-may-be-at-risk">&#8216;We&#8217;re Back, Baby&#8217;: Solana Analyst Highlights Breakout, But This Bitcoin Metric May Be At Risk</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin's Halving Cycle Is 'Over', Standard Chartered Affirms: What That Means For You

Keybanc analyst Christopher Carril initiates coverage on Cava Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) with a Overweight rating and announces Price Target of $100.

CAVA

Keybanc Initiates Coverage On Cava Group with Overweight Rating, Announces Price Target of $100

Needham analyst Joshua Reilly reiterates Asure Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) with a Buy and maintains $20 price target.

ASUR

Needham Reiterates Buy on Asure Software, Maintains $20 Price Target

Needham analyst Joshua Reilly reiterates TechTarget (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTGT#NASDAQ">TTGT</a>) with a Buy and maintains $15 price target.

TTGT

Needham Reiterates Buy on TechTarget, Maintains $15 Price Target

Needham analyst Kyle Peterson maintains Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) with a Buy and raises the price target from $88 to $92.

Needham Maintains Buy on Axos Financial, Raises Price Target to $92

TSLA

Reuters Reported Earlier, China's CPCA Said Tesla Inc Sold 71,599 China-made Vehicles In June

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Namib Minerals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAMM#NASDAQ">NAMM</a>)</h3>
<ul class="wp-block-list">
<li>On June 5, Namib Minerals and Hennessy Capital Investment Corp. VI announced the closing of business combination. The company's stock fell around 50% over the past five days and has a 52-week low of $5.78.</li>
<li>RSI Value: 9.4</li>
<li>NAMM Price Action: Shares of Namib Minerals fell 9% to close at $6.88 on Tuesday.</li>
<li>Edge Stock Ratings: Value at 17.51.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/namm"><img loading="lazy" decoding="async" width="431" height="183" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025547/image-16.png" alt="" class="wp-image-969816" style="width:304px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025547/image-16.png 431w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025547/image-16-300x127.png 300w" sizes="(max-width: 431px) 100vw, 431px" /></a></figure>
<h3 class="wp-block-heading">United States Antimony Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAMY#NYSE">UAMY</a>)&nbsp;&nbsp;&nbsp;</h3>
<ul class="wp-block-list">
<li>United States Antimony announced its official listing on the NYSE Texas Exchange, effective Tuesday, July 1. The company's stock fell around 25% over the past five days and <a href="https://www.benzinga.com/quote/UAMY">has a 52-week low</a> of $0.27.</li>
<li>RSI Value: 27.5</li>
<li>UAMY Price Action: Shares of United States Antimony dipped 9.6% to close at $1.97 on Tuesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0702">UAMY stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0702"><img loading="lazy" decoding="async" width="926" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025807/image-1-8.png" alt="" class="wp-image-969821" style="width:640px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025807/image-1-8.png 926w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025807/image-1-8-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025807/image-1-8-768x693.png 768w" sizes="(max-width: 926px) 100vw, 926px" /></a></figure>
<h3 class="wp-block-heading">ReTo Eco-Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RETO#NASDAQ">RETO</a>)</h3>
<ul class="wp-block-list">
<li>On May 25, ReTo Eco-Solutions Hengfang Li tendered his resignation as CEO and Director, while the company named Xinyang Li as CEO. The company's stock fell around 44% over the past month and has a 52-week l<a href="https://www.benzinga.com/quote/RETO">ow of $1.85</a>.</li>
<li>RSI Value: 29</li>
<li>RETO Ltd Price Action: Shares of ReTo Eco-Solutions gained 2.6% to close at $1.99 on Tuesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0702">RETO shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0702"><img loading="lazy" decoding="async" width="883" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025836/image-17.png" alt="" class="wp-image-969823" style="width:555px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025836/image-17.png 883w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025836/image-17-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/02025836/image-17-768x715.png 768w" sizes="(max-width: 883px) 100vw, 883px" /></a></figure>
Don't miss out on the full BZ Edge Rankings—<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">compare all the key stocks now</a>.

Long Ideas

Pre-Market Outlook

Markets

Trading Ideas

NAMM

RETO

UAMY

Top 3 Materials Stocks That May Rocket Higher In Q3

AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) will release earnings results for the first quarter, after the <a href="https://www.benzinga.com/quote/AZZ/earnings">closing bell on Wednesday, July 9</a>.
Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.60 per share, up from $1.46 per share in the year-ago period. AZZ projects to report quarterly revenue of $435.91 million, compared to $413.21 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 1, AZZ announced that it has entered into an agreement to acquire all the assets of Canton Galvanizing, LLC.
AZZ shares gained 2.4% to close at $96.74 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/azz/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Sidoti &amp; Co. analyst John Franzreb downgraded the stock from Buy to Neutral with a price target of $101 on June 9, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Roth MKM analyst Gerry Sweeney initiated coverage on the stock with a Buy rating and a price target of $108 on Feb. 11, 2025. This analyst has an accuracy rate of 68%.</li>
<li>B. Riley Securities analyst Lucas Pipes maintained a Buy rating and raised the price target from $99 to $111 on Feb. 11, 2025. This analyst has an accuracy rate of 64%.</li>
<li>Jefferies analyst Laurence Alexander maintained a Buy and raised the price target from $105 to $110 on Dec. 6, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Wolfe Research analyst Timna Tanners initiated coverage on the stock with a Peer Perform rating on July 31, 2024. This analyst has an accuracy rate of 66%</li>
</ul>
Considering buying AZZstock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/AZZ/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01235303/image-13-1024x592.png" alt="" class="wp-image-969560" style="width:661px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01235303/image-13-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01235303/image-13-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01235303/image-13-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01235303/image-13.png 1120w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46192054/cramer-backs-this-mining-giant-after-1-6b-bet">Cramer Backs This Mining Giant After $1.6B Bet</a> </li>
</ul>
Photo via Shutterstock

Earnings

AZZ Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

AMRN

Amarin Corporation Says HLS Therapeutics Secured Nova Scotia Reimbursement For Vascepa, Expanding Access To Over 95% Of Eligible Patients In Canada

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4461325-1&amp;h=675630547&amp;u=https%3A%2F%2Fwww.viavisolutions.com%2F&amp;a=VIAVI+Solutions+Inc.">VIAVI Solutions Inc.</a> (VIAVI) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) today announced that it has added colocation capability to its <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4461325-1&amp;h=538719355&amp;u=https%3A%2F%2Fwww.viavisolutions.com%2Fen-us%2Fvalor&amp;a=VIAVI+Automated+Lab-as-a-Service+for+Open+RAN+(VALOR%E2%84%A2)">VIAVI Automated Lab-as-a-Service for Open RAN (VALOR&#x2122;)</a>&nbsp;facility to address the increased demand for comprehensive testing from Open RAN customers. Based in Chandler, Arizona, VALOR is funded by the U.S. National Telecommunications and Information Administration (NTIA) <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4461325-1&amp;h=1384358725&amp;u=https%3A%2F%2Fwww.ntia.gov%2Fprogram%2Finnovation-fund&amp;a=Public+Wireless+Supply+Chain+Innovation+Fund">Public Wireless Supply Chain Innovation Fund</a>&nbsp;(PWSCIF).
&nbsp;
As an alternative to its on-demand customer labs, VALOR's colocation model offers more flexibility and capacity. Customers can access the lab for a longer period and conduct comprehensive testing throughout the product lifecycle with a semi-permanent setup. Network data in the lab is segregated using VLANs to ensure secure, isolated environments for each customer's testing requirements, ensuring optimal performance and data integrity across various testing scenarios.

VIAV

VIAVI Adds Colocation to Arizona Open RAN Lab, Boosting Secure Testing for US Telecom Innovation

Venture capitalist Vinod Khosla revealed how Elon Musk&#8216;s funding withdrawal from OpenAI created the investment opportunity that led to his conviction bet on the artificial intelligence startup, according to his recent appearance on the Uncapped podcast with Jack Altman.
What Happened: Khosla, founder of Khosla Ventures, described his OpenAI investment as &#8220;more than twice the largest initial investment I&#8217;d made in four years of venture capital,&#8221; emphasizing it was a conviction play based on fundamental analysis rather than &#8220;herd mentality.&#8221; 
The investment decision came in 2018 when Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Musk failed to meet his funding commitments to OpenAI.
&#8220;When Elon backed off funding OpenAI, he committed a lot of money that he didn&#8217;t meet his commitments for, and when Sam [Altman] called me I looked at that and said &#8216;We have the right team,'&#8221; Khosla explained during the podcast.
The veteran investor expressed concerns about competitive dynamics in the AI landscape, particularly regarding Chinese company Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google. He noted that Google &#8220;was moving very slowly&#8221; while Baidu &#8220;was stealing Google&#8217;s people by setting up an office down the street and stealing their expertise.&#8221;
See Also: <a href="https://www.benzinga.com/news/topics/25/07/46215067/bill-gates-once-had-a-gaping-hole-in-his-dashboard-sequoias-michael-moritz-recalls-being-chauffeured-by-a-future-billionaire-obsessed-with-a-7-minute-commute-while-building-microsoft">Bill Gates Once Had A &#8216;Gaping Hole&#8217; In His Dashboard: Sequoia&#8217;s Michael Moritz Recalls Being Chauffeured By A Future Billionaire Obsessed With A 7-Minute Commute While Building Microsoft</a>
Why It Matters: Khosla&#8217;s investment thesis was built on years of preparation. He had been tracking AI progress since 2000, when he predicted AI would redefine humanity. By 2012, he published blogs questioning whether AI would replace doctors and teachers. His 2016 presentation to the National Bureau of Economic Research examined which occupations could be displaced by AI technology.
The decision to back OpenAI stemmed from Khosla&#8217;s analysis of talent influx and performance benchmarks. &#8220;I looked at the rate of progress and the rate of talent influx, those two things convinced me the moment for AI was soon,&#8221; he said. Despite uncertainty about timing, Khosla told his partner the investment was &#8220;too important to not try.&#8221;
OpenAI&#8217;s current valuation has reached $300 billion following a $40 billion funding round, with backing from Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and SoftBank Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#NYSE">SFTBY</a>). The company&#8217;s transition from nonprofit to for-profit structure has drawn legal challenges from Musk, who co-founded OpenAI before departing in 2018.
Khosla&#8217;s track record includes the $7 billion return on a $3 million Juniper Networks investment, achieved by betting against industry consensus on internet protocols. 
Read Next:
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Vinod Khosla Recalls Betting On OpenAI After Elon Musk Backed Off Funding: Google Was Moving Very 'Slow,' Baidu Was Stealing Talent

Hut 8 Corp. (Nasdaq &#x7C; TSX:&nbsp;HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that each of its four natural gas-fired power plants in Ontario (collectively, the "Portfolio") has been awarded a five-year capacity contract with the Ontario Independent Electricity System Operator ("IESO"). The Portfolio is owned and operated by Far North Power Corp. ("Far North"), an entity formed by Hut 8 and Macquarie Equipment Finance Ltd. ("Macquarie"), a subsidiary of Macquarie Group Limited, a global financial services group.
The contracts were awarded to Far North following successful bids submitted into the competitive IESO Medium-Term 2 ("MT2") capacity auction and will commence on May 1, 2026. The contracted assets total 310 MW of nameplate capacity across four sites: Iroquois Falls, Kingston, Kapuskasing, and North Bay. The contracts include a weighted average capacity payment of approximately CAD $530 per MW-business day in Year 1 with partial inflation indexation that allows for potential increases over time.

Hut 8's Four Natural Gas-Fired Power Plants In Ontario Bags 5-Yr Capacity Contract With Ontario Independent Electricity System Operator

<a href="https://www.globenewswire.com/Tracker?data=pDaaicFl99tozGbgg7MITOz0iksItE6LG3vMcJMs2Ma2DvJOgry7KPvsl1_yBCi03Cn4B_kaz20MBdEQy2f7eXVYFTBbCxU6MeV-Ee47kNg=">Hyperscale Data, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NYSE">GPUS</a>), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its wholly owned subsidiary Sentinum, Inc. ("Sentinum"), has completed the reenergizing of approximately 10 megawatts of power at its Montana facility and is resuming Bitcoin mining operations. Sentinum expects to have approximately 50 S19j Pro Antminers ("Antminers") in operation today, which will be increased to approximately 2,600 within the next week. Sentinum anticipates increasing operations to full capacity of approximately 3,200 Antminers by the end of July 2025.
The resumption of Bitcoin mining operations in Montana follows months of strategic planning and execution by the Sentinum team and is aimed at improving profitability and capitalizing on underutilized power at Sentinum's Montana site.

GPUS

Hyperscale Data Restarts Bitcoin Mining in Montana, Plans to Power Up 3,200 Antminers by July End

Elon Musk has expressed regret over his chainsaw stunt at the Conservative Political Action Conference (CPAC) in February, acknowledging that it lacked empathy.
What Happened: Musk, who has been openly critical of President Donald Trump&#8216;s spending bill, was responding to a comment on social media platform X. Jim Spradlin, a user on the platform, criticized Musk for his February antics, suggesting that Musk could have achieved more if he wasn&#8217;t so focused on appearing &#8220;cool&#8221;.
Musk accepted Spradlin&#8217;s criticism, stating, &#8220;Valid point. Milei gave me the chainsaw backstage and I ran with it, but, in retrospect, it lacked empathy.&#8221; Here, he was referring to Argentina&#8217;s President, Javier Milei, who had presented him with the chainsaw at the CPAC event.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Valid point. Milei gave me the chainsaw backstage and I ran with it, but, in retrospect, it lacked empathy.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1940015432951579108?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Musk&#8217;s act of brandishing the chainsaw on stage, calling it &#8220;the chainsaw for bureaucracy&#8221;, has since become a notable image of his tenure at the Department of Government Efficiency.</figcaption></figure>
SEE ALSO: <a href="https://benzinga.com/markets/large-cap/25/07/46212089/jeff-bezos-sells-737-million-worth-of-amazon-stock-just-days-after-lavish-venetian-wedding" target="_blank" rel="noreferrer noopener">Jeff Bezos Sells $737 Million Worth Of Amazon Stock Just Days After Lavish Venetian Wedding</a>
Why It Matters: Musk&#8217;s tenure at the Department of Government Efficiency has been marked by controversy. He has <a href="https://www.benzinga.com/cannabis/25/06/45714305/elon-musk-says-doge-became-a-whipping-boy-for-everything-real-or-imagined-tesla-ceo-doesnt-agree-with-everything-white-house-does-but-wont-speak-out">defended </a>his actions, stating that the department DOGE were unfairly blamed for problems they did not cause.
Despite the criticism, Musk has remained steadfast in his mission. When he reportedly <a href="https://www.benzinga.com/news/politics/25/06/45876964/elon-musk-took-a-113-billion-hit-over-trumps-doge-mission-calls-it-worth-it">lost $113 billion</a> while leading government efficiency efforts, he responded with a simple &#8220;Worth it&#8221; on X in June.
Elon Musk officially concluded his role at the U.S. Department of Government Efficiency (DOGE) on May 30, 2025 — marking the end of his 130-day tenure as a &#8220;special government employee.&#8221; The announcement was confirmed by Trump during an Oval Office ceremony, where Musk was presented with a ceremonial key.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/markets/equities/25/07/46187311/trump-says-elon-musk-would-close-up-shop-and-head-back-home-to-south-africa-without-subsidies-no" target="_blank" rel="noreferrer noopener">Trump Says Elon Musk Would &#8216;Close Up Shop And Head Back Home To South Africa&#8217; Without Subsidies: &#8216;No More Rocket Launches, Satellites, Or Electric Car&#8217;</a></li>
</ul>
 Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Regrets CPAC Chainsaw Stunt: 'It Lacked Empathy'

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