Queensland teachers sacked over COVID vaccines granted appeal
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Yahoo
21 minutes ago
- Yahoo
Why Datadog Fell Today
Datadog was downgraded to "sell" by a sell-side analyst firm today. The analysts see Datadog losing its largest customer, OpenAI, to OpenAI's internal efforts. This threat to Datadog has wider implications for the broader enterprise software world. 10 stocks we like better than Datadog › Shares of Datadog (NASDAQ: DDOG) fell on Tuesday, down as much as 6.3%, before recovering slightly to a 4.1% decline as of 12:51 p.m. ET. Today's sell-off was caused by a negative analyst note, which posited Datadog's growth rate could take a big step down this year due to the loss of its largest customer, AI disruptor OpenAI, which is reportedly building its own observability software tools in-house. Since the COVID-19 pandemic, Datadog has emerged as a disruptive winner in log management and observability software, which monitors the health and security of IT infrastructure. Datadog's cloud-first approach has found favor especially with high-growth tech companies, leading to a strong near-50% average growth rate over the past five years. But today, sell-side analysts at Guggenheim downgraded Datadog's stock from "neutral" to "sell," while putting a $105 price target on the stock. That's significantly below the $146 price at which the stock trades today, even after Tuesday's negative performance. The reason for the downgrade is Guggenheim's take that Datadog will lose its largest customer in OpenAI, the company behind ChatGPT, which is reportedly building its own in-house log management metrics software. The analysts see this loss resulting in a hole of more than $150 million in revenue, which could result in a significant deceleration later this year. Guggenheim sees revenue growth stepping down from the current mid-20% growth rate to 17% in the fourth quarter of this year and 15% growth in 2026. Recent news reports have highlighted that OpenAI has broad ambitions to take its market-leading large language AI models into numerous downstream applications, from enterprise software to even its own hardware devices. Since large language models are now fairly adept at writing code, could OpenAI also displace its own software suppliers? To be fair, OpenAI's AI infrastructure likely processes orders of magnitude more data than the typical Datadog customer, which correlates to massive amounts of money currently going to Datadog. That could make it financially sound for OpenAI to build its own internal software, but not the rest of Datadog's customer base. Yet while this won't be the case for every company, it does raise the potential of OpenAI and other AI-first start-ups becoming competitive threats to existing software leaders, as these new start-ups aim to go "downstream" into customer-facing applications. Before you buy stock in Datadog, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Datadog wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $695,481!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $969,935!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Datadog. The Motley Fool has a disclosure policy. Why Datadog Fell Today was originally published by The Motley Fool Sign in to access your portfolio
Straits Times
25 minutes ago
- Straits Times
Chinese state-sponsored contract hacker arrested in Italy at US request, DOJ says
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: The seal of the U.S. Justice Department is seen on the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023. REUTERS/Kevin Lamarque/File photo WASHINGTON - The U.S. Department of Justice said on Tuesday a Chinese state-sponsored contract hacker was arrested last week in Italy at the request of Washington, but the arrested man claimed he is a victim of mistaken identity. Xu Zewei, 33, was arrested on July 3, the Justice Department said, adding a nine-count indictment was unsealed on Tuesday in the Southern District of Texas alleging the involvement of that individual and a co-defendant in computer intrusions between February 2020 and June 2021. Xu was arrested in Milan, Italy, and will face extradition proceedings, the DOJ said in a statement. It alleged China's ministry of state security had directed theft of COVID-19 research and the exploitation of Microsoft email software vulnerabilities. The Chinese government has denied allegations of being involved. The Chinese embassy in Washington did not immediately respond to a request for comment. Xu's lawyer said on Tuesday that he is a victim of mistaken identity, that his surname is quite common in China and that his mobile phone had been stolen in 2020. The 33-year-old IT manager at a Shanghai company appeared on Tuesday before an appeals court in Milan, which will decide whether to send him to the United States. The man was arrested last week after he arrived at Milan's Malpensa airport for a holiday in Italy with his wife. U.S. authorities allege that he was part of a team of hackers who tried to access a COVID-19 vaccine being developed by the University of Texas in 2020. The DOJ also says that in 2021, he was part of a cyber-espionage group known as Hafnium, which has alleged ties to the Chinese government and which "exploited zero-day vulnerabilities in U.S. systems to steal additional research." Hafnium targeted over 60,000 U.S. entities, according to the DOJ. The charges listed on the arrest warrant were wire fraud and aggravated identity theft, conspiracy to commit wire fraud and unauthorised access to protected computers. REUTERS
Global News
an hour ago
- Global News
‘Tiger King' star Doc Antle sentenced for animal trafficking
Five years after the true crime documentary Tiger King captivated audiences while the world was shut down due to COVID-19, the final legal troubles for one of the stars of the docuseries has been resolved in a courtroom in South Carolina. Bhagavan 'Doc' Antle was sentenced to 12 months in prison for trafficking exotic animals and money laundering after pleading guilty in November 2023. The Tiger King star is also set to pay a US$55,000 fine and serve three years of supervised release after serving his federal prison sentence. The sentencing was originally set for June 10, but both parties filed a motion stating that they needed more time to resolve several objections to the pre-sentencing report in the federal animal trafficking case. Lawyers also needed more time to speak to potential witnesses who were out of state. Story continues below advertisement According to court documents, Antle paid a person to travel to Florida in September 2018 and pay around $35,000 for two young cheetahs. In January 2019, Antle sold two lion cubs to an organization in exchange for $15,000. The court documents also show that Antle made $10,000 in payments to the Rare Species Fund in exchange for two tigers that were transported from South Carolina to Montana in March 2019. In May 2020, a young chimpanzee was transported from Florida to Myrtle Beach Safari, where Antle paid $200,000 in cash and cheques for the animal, according to court docs. Antle also requested that payments for endangered species be made to his non-profit so they could appear as 'donations.' All of the animals are protected under the Endangered Species Act. Three others who pleaded guilty in his investigation received either probation or a four-month prison sentence. 'Wildlife crime is often connected with other criminal activity, including money laundering,' said Edward Grace, the assistant director of the U.S. Fish and Wildlife Service, Office of Law Enforcement. 'This investigation revealed a pattern of illicit wildlife transactions orchestrated by the defendant under the guise of donations and false paperwork.' 'The Service and our partners will continue to hold accountable those involved in wildlife trafficking and other related crimes to ensure the future of all federally protected species,' Grace added. Story continues below advertisement 'The Service will continue to bring to justice individuals who profit from the illegal trafficking of big cats and endangered species.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Antle's sentence is the final true-life chapter of the Tiger King saga. The Netflix series debuted in March 2020 near the peak of COVID-19 restrictions. 2:05 Tiger King: Murder, Mayhem and Madness Trailer The seven-part docuseries followed the life of zoo owner Joe Exotic — whose real name is Joseph Maldonado-Passage — and the events that led to his allegedly hiring a hitman in a failed attempt to take out his main rival, Carole Baskin, who runs Big Cat Rescue in Florida. However, many viewers were focused on whether Baskin was involved in the disappearance of her ex-husband, Don Lewis. Baskin denies the claims and has never been charged. In the show, Antle was portrayed as a mentor to Exotic, but he previously alleged that the filmmakers lied to him about the type of series he would be participating in. Story continues below advertisement 'Remember, this is not a documentary. This is a salacious, outrageous ride through a television show produced to create drama, to just tie you into some crazy train wreck of a story between the feud of Carole Baskin and Joe Exotic, and the meltdown that ensued between two people who both are far too close to murder themselves, and I think a little bit of madness thrown in on their parts,' Antle told Maldonado-Passage is serving a 21-year federal prison sentence for trying to hire two different men to kill Baskin. Antle, who owns a private zoo called Myrtle Beach Safari, appeared in the first season of the docuseries and was the star of the third season. Antle's zoo was known for charging hundreds or thousands of dollars to let people pet and hold baby animals such as lions, tigers and monkeys that were so young they were still being bottle-fed. Customers could have photos or videos made. Antle would sometimes ride into tours on an elephant. Myrtle Beach Safari remains open by reservation only, according to its website. Antle has remained out on bail since his arrest in June 2022. Federal charges were brought against Antle after the Tiger King series was released. Prosecutors said that Antle sold or bought cheetahs, lions, tigers and a chimpanzee without the proper paperwork. They also said that in a separate scheme, Antle laundered more than $500,000 that an informant claimed was being used to get people into the U.S. illegally to work. Story continues below advertisement 3:06 'Tiger King' star Joe Exotic re-sentenced to 21 years in federal prison Investigators said that Antle was used to having large amounts of money that he could move around quickly. The FBI had been listening to Antle's phone calls with the informant as he explained a baby chimpanzee could easily cost $200,000. 'I had to get a monkey, but the people won't take a check. They only take cash. So what do you do?' Antle said, according to a transcript of the phone call in court papers. Two of Antle's past employees have already been sentenced for their roles in his alleged schemes. Meredith Bybee was given a year of probation for selling a chimpanzee, while Andrew 'Omar' Sawyer was given two years of probation after prosecutors said he helped Antle launder money. Story continues below advertisement Jason Clay, a Texas private zoo owner, pleaded guilty to illegally selling a primate and was sentenced to four months in prison, while charges were dropped against California ranch owner Charles Sammut. 1:00 Donald Trump asked if he'd consider pardoning 'Tiger King' Joe Exotic Antle was also convicted in 2023 in a Virginia court of four counts of wildlife trafficking over sales of lions and was sentenced to two years of prison, suspended 'upon five years of good behaviour.' An appeals court overturned two of the convictions, ruling that Virginia law bans the sale of endangered species but not their purchase. Antle was found not guilty of five counts of animal cruelty at that same Virginia trial. — With files from The Associated Press
