Oura sets terms for up to $2.2 billion IPO
Oura is taking its smart-ring business public, seeking to raise up to $2.2 billion by offering 50 million shares at $40 to $44 apiece after reporting 74% year-over-year revenue growth.
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Nike shares edge lower after converse ad controversy, Mbappé exit
Nike shares dipped slightly early Monday morning after a rough weekend, including an apology for a Converse ad that critics said evoked racist imagery and the loss of one of its biggest advertising stars, though its stock price is still down from last week.
‘Ridiculous’ AI extinction fears are a cybersecurity investment opportunity, says Cathie Wood
Cathie Wood, one of the world’s most famous tech investors, told Australian media that an Anthropic researcher’s warning AI could lead to humanity’s extinction is “ridiculous.” But there is investment opportunity amid the fear generated, she says.
AI stocks plummet amid calls for slowdown—SoftBank chief’s fortune drops by $8 billion
The slump in AI stocks follows calls for a slowdown in advanced AI development from the leaders of Anthropic, OpenAI and SpaceXAI.
Crowdstrike skyrockets 14% as AI fears send cybersecurity stocks surging
Leaders in artificial intelligence have called for a slowdown to AI development amid fears the technology could lead to human extinction.
Meta shares boosted after Muse AI agent launch
Meta’s shares jumped over 5% on Wednesday morning after the company launched an AI agent that can send emails, book trips and make payments.
Nvidia is acquiring Hugging Face for almost $13 billion
Nvidia CEO Jensen Huang said Hugging Face would remain an “open platform for the entire AI ecosystem.”
Uber cuts 10% of staff in company’s largest layoffs since pandemic
Uber’s stock price rose slightly after the announcement on Wednesday.
$1.2 billion VC King River Capital predicts ‘flood’ of super money flowing to startups
Two proposed amendments to superannuation will be a boon for the startup sector, predicts King River Capital.
Malaysian Energy Tycoon Lim Hang Weng In Talks To Take Yinson Holdings Private In $1.7 Billion Deal
Yinson Holdings is among the world’s biggest operators of floating, production, storage and offloading, or FPSO vessels, which are on long-term leases to oil and gas companies in Angola, Brazil, Ghana, Nigeria, and Vietnam.