Oura seeks to raise $2.2 billion in a public offering as revenue climbs to $1.2 billion, while Nvidia's Jensen Huang counters growing skepticism regarding the safety and future of AI development.
Health-tech firm Oura has officially filed for an IPO, targeting a valuation based on a $2.2 billion capital raise despite reporting a $924 million net loss. Meanwhile, Nvidia CEO Jensen Huang addressed industry concerns, rejecting claims that artificial intelligence poses an existential threat to humanity.
Oura is seeking to raise $2.2 billion by selling 50 million shares at $40-$44 each, reporting $1.2 billion in revenue and a $924 million net loss for the nine months ending June 30.
Jensen Huang dismissed claims that AI will cause human extinction as false and unscientific, though he acknowledged the importance of ongoing research into building safe AI products.